KANKAKEE TERMINAL BELT CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.ktbcu.com for more information.
Dec, 31, 2023 — KANKAKEE TERMINAL BELT CREDIT UNION is a federally insured state chartered credit union headquartered in Kankakee, IL with 1 branch location and about $7.12 million in total assets. Opened 71 years ago in 1953, KANKAKEE TERMINAL BELT CREDIT UNION has about 1,181 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KANKAKEE TERMINAL BELT CREDIT UNION |
|---|---|
| Address: (Main Office) | 1370 W Court St Kankakee, IL 60901 |
| Phone: | (815) 939-1688 |
| Fax: | (815) 939-1695 |
| Website: | https://www.ktbcu.com |
| Branches: | 1 branch locations |
| Members: | 1,181 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60536 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $7,118,349 |
| CEO/Manager: | Julie R Parks |
| Chairperson: | Brent J Manau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 369,793 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 747,373 |
| Other Loans | 4,178,079 |
| TOTAL LOANS | 4,925,452 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -33,985 |
| Land And Building | 139,622 |
| Other Fixed Assets | 2,246 |
| NCUSIF Deposit | 68,083 |
| All Other Assets | 0 |
| TOTAL ASSETS | 7,118,349 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,902 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,640,868 |
| Regular shares | 4,759,539 |
| All Other Shares & Deposits | 101,614 |
| TOTAL SHARES & DEPOSITS | 6,502,021 |
| TOTAL LIABILITIES | 6,514,923 |
| Regular Reserve | 0 |
| Other Reserves | 251,276 |
| Undivided Earnings | 352,150 |
| TOTAL EQUITY | 603,426 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 7,118,349 |
| INCOME & EXPENSE | |
| Loan Income | 216,029 |
| Investment Income | 9,874 |
| Other Income | 78,927 |
| Total Employee Compensation & Benefits | 122,586 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 146,239 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -6,499 |
| Cost of Funds | 2,153 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 40,351 |
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