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.
Name: | KANSAS STATE UNIVERSITY FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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