Dec, 31, 2023 — LOUISVILLE FEDERAL CREDIT UNION is a federally insured state chartered credit union headquartered in LOUISVILLE, KY with 2 branch locations and about $31.96 million in total assets. Opened 100 years ago in 1924, LOUISVILLE FEDERAL CREDIT UNION has about 2,366 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | LOUISVILLE FEDERAL CREDIT UNION |
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Address: (Main Office) | 1420 Gardiner Ln Rm 66 LOUISVILLE, KY 40231-8900 |
Phone: | (502) 458-2681 |
Fax: | (502) 458-2682 |
Website: | https://www.louisvillefcu.com |
Branches: | 2 branch locations |
Members: | 2,366 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 62433 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1924 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $31,963,238 |
CEO/Manager: | Tracye A Thompson |
Chairperson: | Suzette Boesing |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,395,991 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,442,045 |
Unsecured Loans | 629,927 |
Other Loans | 5,604,454 |
TOTAL LOANS | 10,676,426 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -37,324 |
Land And Building | 0 |
Other Fixed Assets | 21,956 |
NCUSIF Deposit | 267,959 |
All Other Assets | 0 |
TOTAL ASSETS | 31,963,238 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 294,759 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 3,451,605 |
Regular shares | 15,150,716 |
All Other Shares & Deposits | 6,065,921 |
TOTAL SHARES & DEPOSITS | 24,668,242 |
TOTAL LIABILITIES | 24,963,001 |
Regular Reserve | 0 |
Other Reserves | 1,020,000 |
Undivided Earnings | 5,980,237 |
TOTAL EQUITY | 7,000,237 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,963,238 |
INCOME & EXPENSE | |
Loan Income | 462,723 |
Investment Income | 434,295 |
Other Income | 36,413 |
Total Employee Compensation & Benefits | 435,008 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 272,849 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 19,541 |
Cost of Funds | 162,202 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 94,531 |
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