Dec, 31, 2023 — CHEMCO FEDERAL CREDIT UNION is a federal credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $19.58 million in total assets. Opened 57 years ago in 1967, CHEMCO FEDERAL CREDIT UNION has about 2,157 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHEMCO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4200 Bells Ln LOUISVILLE, KY 40211-2147 |
| Phone: | (502) 772-5780 |
| Fax: | (502) 772-5784 |
| Website: | https://www.chemcofcu.com |
| Branches: | 2 branch locations |
| Members: | 2,157 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18172 |
|---|---|
| Membership Type: | Multiple common bond - Primarily chemical |
| Corporate Credit Union: | No |
| Year Opened: | 1967 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $19,583,925 |
| CEO/Manager: | Jordan R Russell |
| Chairperson: | Charles R Morris |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,650,485 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 3,114,155 |
| Unsecured Loans | 890,625 |
| Other Loans | 10,073,912 |
| TOTAL LOANS | 14,078,692 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -61,105 |
| Land And Building | 196,318 |
| Other Fixed Assets | 62,952 |
| NCUSIF Deposit | 190,148 |
| All Other Assets | 0 |
| TOTAL ASSETS | 19,583,925 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,089 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 169,926 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,841,002 |
| Regular shares | 11,029,136 |
| All Other Shares & Deposits | 2,429,841 |
| TOTAL SHARES & DEPOSITS | 17,299,981 |
| TOTAL LIABILITIES | 17,470,996 |
| Regular Reserve | 0 |
| Other Reserves | 411,382 |
| Undivided Earnings | 1,701,547 |
| TOTAL EQUITY | 2,112,929 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 19,583,925 |
| INCOME & EXPENSE | |
| Loan Income | 832,093 |
| Investment Income | 115,828 |
| Other Income | 307,556 |
| Total Employee Compensation & Benefits | 504,300 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 632,258 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 5,737 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 179,028 |
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