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KEMBA INDIANAPOLIS CREDIT UNION

Dec, 31, 2022 — 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 90 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

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Financial Summary

» See also Statement of Financial Condition
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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