Jun, 30, 2024 — KEMBA INDIANAPOLIS CREDIT UNION is a non-federally insured state credit union headquartered in INDIANAPOLIS, IN with 2 branch locations and about $84.60 million in total assets. Opened 92 years ago in 1933, KEMBA INDIANAPOLIS CREDIT UNION has about 5,751 members and employs 15 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KEMBA INDIANAPOLIS CREDIT UNION |
|---|---|
| Address: (Main Office) | 444 S Shortridge Rd INDIANAPOLIS, IN 46219 |
| Phone: | (317) 351-5235 |
| Fax: | (317) 351-5244 |
| Website: | https://www.mykemba.org |
| Branches: | 2 branch locations |
| Members: | 5,751 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 82793 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $84,603,286 |
| CEO/Manager: | Karla J Salisbury |
| Chairperson: | Paul Sahm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,003,832 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,478,974 |
| Unsecured Loans | 3,713,008 |
| Other Loans | 11,540,316 |
| TOTAL LOANS | 26,732,298 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -97,599 |
| Land And Building | 179,198 |
| Other Fixed Assets | 165,702 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 84,603,286 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 370,168 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,647,318 |
| Regular shares | 31,675,383 |
| All Other Shares & Deposits | 23,924,903 |
| TOTAL SHARES & DEPOSITS | 73,247,604 |
| TOTAL LIABILITIES | 73,617,772 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,985,514 |
| TOTAL EQUITY | 10,985,514 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 84,603,286 |
| INCOME & EXPENSE | |
| Loan Income | 1,149,147 |
| Investment Income | 362,340 |
| Other Income | 451,692 |
| Total Employee Compensation & Benefits | 1,155,829 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,088,237 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -11,277 |
| Cost of Funds | 84,125 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 236,449 |
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