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KANSAS STATE UNIVERSITY FEDERAL CREDIT UNION

Dec, 31, 2023 — KANSAS STATE UNIVERSITY FEDERAL CREDIT UNION is a federal credit union headquartered in MANHATTAN, KS with 2 branch locations and about $120.61 million in total assets. Opened 78 years ago in 1946, KANSAS STATE UNIVERSITY FEDERAL CREDIT UNION has about 9,741 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 301179106
Name:KANSAS STATE UNIVERSITY FEDERAL CREDIT UNION
Address:
(Main Office)
601 McCall Rd
MANHATTAN, KS 66502
Phone:(785) 776-3003
Fax:(785) 323-1855
Website:https://www.kstatecu.com
Branches:2 branch locations
Members:9,741
Credit Union Type:Federal Credit Union
Charter Number:5257
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1946
Last Audited:Jul 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$120,610,323
CEO/Manager:LaRae J Kraemer
Chairperson:Dorothy Doan

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 8,187,394
TOTAL INVESTMENTS 0
Loans Held for Sale 114,000
 
 Real Estate Loans 25,179,629
 Unsecured Loans 5,419,465
 Other Loans 31,915,800
 TOTAL LOANS 62,514,894
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -664,876
 Land And Building 4,495,153
 Other Fixed Assets 262,358
 NCUSIF Deposit 1,000,575
 All Other Assets 23,541
  TOTAL ASSETS 120,610,323
LIABILITIES & CAPITAL:  
 Dividends Payable 94,838
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,742,115
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 23,839,885
 Regular shares 42,560,845
 All Other Shares & Deposits 39,575,495
  TOTAL SHARES & DEPOSITS 105,976,225
  TOTAL LIABILITIES 107,813,178
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 12,797,145
  TOTAL EQUITY 12,797,145
  TOTAL LIABILITIES, SHARES, & EQUITY 120,610,323
INCOME & EXPENSE  
 Loan Income 3,972,474
 Investment Income 718,303
 Other Income 747,652
 Total Employee Compensation & Benefits 2,352,292
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,224,234
 Non-operating Income & (Expense) -16,518
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 467,000
 Cost of Funds 833,947
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 582,418
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