Dec, 31, 2023 — KENOWA COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in WYOMING, MI with 1 branch location and about $29.04 million in total assets. Opened 72 years ago in 1952, KENOWA COMMUNITY FEDERAL CREDIT UNION has about 2,592 members and employs 8 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KENOWA COMMUNITY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1905 28th Street St SW WYOMING, MI 49519-2507 |
| Phone: | (616) 534-3307 |
| Fax: | (616) 534-9811 |
| Website: | https://www.kenowacu.com |
| Branches: | 1 branch locations |
| Members: | 2,592 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8119 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $29,040,252 |
| CEO/Manager: | Kathy R Meekhof |
| Chairperson: | Jerry Payne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,661,128 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,812,257 |
| Unsecured Loans | 1,564,420 |
| Other Loans | 13,626,971 |
| TOTAL LOANS | 22,003,648 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -166,522 |
| Land And Building | 142,642 |
| Other Fixed Assets | 27,093 |
| NCUSIF Deposit | 259,205 |
| All Other Assets | 0 |
| TOTAL ASSETS | 29,040,252 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 41,633 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,357,253 |
| Regular shares | 13,355,288 |
| All Other Shares & Deposits | 6,446,803 |
| TOTAL SHARES & DEPOSITS | 25,159,344 |
| TOTAL LIABILITIES | 25,200,977 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,839,275 |
| TOTAL EQUITY | 3,839,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 29,040,252 |
| INCOME & EXPENSE | |
| Loan Income | 915,721 |
| Investment Income | 339,003 |
| Other Income | 235,378 |
| Total Employee Compensation & Benefits | 493,253 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 599,168 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 137,348 |
| Cost of Funds | 33,812 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 302,871 |
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