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National Credit Union Service Organization

TRANSCEND CREDIT UNION

Sep, 30, 2021 — TRANSCEND CREDIT UNION is a federally insured state chartered credit union headquartered in Louisville, KY with 6 branch locations and about $490.66 million in total assets. Opened 87 years ago in 1934, TRANSCEND CREDIT UNION has about 48,835 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:TRANSCEND CREDIT UNION
Address:
(Main Office)
P. O. Box 18303
Louisville, KY 40261-0303
Phone:(502) 459-3000
Fax:
Website:http://www.transcendcu.com
Branches:6 branch locations
Members:48,835
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68666
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$490,659,443
CEO/Manager:Richard Reese
Chairperson:Mark Booker

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 78,377,681
TOTAL INVESTMENTS 59,213,400
Loans Held for Sale 0
 
 Real Estate Loans 103,920,333
 Unsecured Loans 14,140,414
 Other Loans 209,429,075
 TOTAL LOANS 327,489,822
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -655,685
 Land And Building 12,574,892
 Other Fixed Assets 1,429,106
 NCUSIF Deposit 3,742,282
 All Other Assets 8,487,945
  TOTAL ASSETS 490,659,443
LIABILITIES & CAPITAL:  
 Dividends Payable 566
 Notes & Interest Payable 10,139,335
 Accounts Payable & Other Liabilities 4,248,266
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 69,057,248
 Regular shares 165,028,935
 All Other Shares & Deposits 184,813,453
  TOTAL SHARES & DEPOSITS 418,899,636
  TOTAL LIABILITIES 433,287,803
 Regular Reserve 3,942,861
 Other Reserves -8,291
 Undivided Earnings 53,437,070
  TOTAL EQUITY 57,371,640
  TOTAL LIABILITIES, SHARES, & EQUITY 490,659,443
INCOME & EXPENSE  
 Loan Income 8,118,179
 Investment Income 345,404
 Other Income 2,277,122
 Total Employee Compensation & Benefits 5,448,651
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,665,168
 Non-operating Income & (Expense) 206,994
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -25,027
 Cost of Funds 2,095,227
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,814,659
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