Dec, 31, 2023 — KEMBA INDIANAPOLIS CREDIT UNION is a non-federally insured state credit union headquartered in INDIANAPOLIS, IN with 1 branch location and about $78.72 million in total assets. Opened 91 years ago in 1933, KEMBA INDIANAPOLIS CREDIT UNION has about 5,451 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: | 1 branch locations |
| Members: | 5,451 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $78,716,057 |
| CEO/Manager: | Karla J Salisbury |
| Chairperson: | Paul Sahm |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,966,917 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 12,209,726 |
| Unsecured Loans | 3,898,731 |
| Other Loans | 11,432,930 |
| TOTAL LOANS | 27,541,387 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -175,144 |
| Land And Building | 143,398 |
| Other Fixed Assets | 178,935 |
| NCUSIF Deposit | 0 |
| All Other Assets | 0 |
| TOTAL ASSETS | 78,716,057 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 705,013 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 18,164,967 |
| Regular shares | 27,411,964 |
| All Other Shares & Deposits | 20,838,658 |
| TOTAL SHARES & DEPOSITS | 66,415,590 |
| TOTAL LIABILITIES | 67,120,603 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 11,595,454 |
| TOTAL EQUITY | 11,595,454 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 78,716,057 |
| INCOME & EXPENSE | |
| Loan Income | 1,865,189 |
| Investment Income | 1,231,368 |
| Other Income | 561,515 |
| Total Employee Compensation & Benefits | 1,652,850 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,557,785 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 95,028 |
| Cost of Funds | 414,919 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 578,547 |
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