Dec, 31, 2023 — NORTHERN KENTUCKY EDUCATORS' FEDERAL CREDIT UNION is a federal credit union headquartered in HIGHLAND HEIGHTS, KY with 2 branch locations and about $40.49 million in total assets. Opened 51 years ago in 1973, NORTHERN KENTUCKY EDUCATORS' FEDERAL CREDIT UNION has about 8,309 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | NORTHERN KENTUCKY EDUCATORS' FEDERAL CREDIT UNION |
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Address: (Main Office) | 2805 Alexandria Way HIGHLAND HEIGHTS, KY 41076 |
Phone: | (859) 441-3405 |
Fax: | (859) 442-1204 |
Website: | https://www.nkfcu.org |
Branches: | 2 branch locations |
Members: | 8,309 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 21339 |
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Membership Type: | Multiple common bond - Primarily educational |
Corporate Credit Union: | No |
Year Opened: | 1973 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $40,487,741 |
CEO/Manager: | Judy G Hester |
Chairperson: | Aaron W Seyfried |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,308,479 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 2,211,334 |
Unsecured Loans | 1,108,632 |
Other Loans | 12,685,406 |
TOTAL LOANS | 16,005,371 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -90,966 |
Land And Building | 490,144 |
Other Fixed Assets | 124,357 |
NCUSIF Deposit | 409,106 |
All Other Assets | 0 |
TOTAL ASSETS | 40,487,741 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,943 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 777,848 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 7,264,671 |
Regular shares | 26,824,964 |
All Other Shares & Deposits | 1,266,215 |
TOTAL SHARES & DEPOSITS | 35,355,850 |
TOTAL LIABILITIES | 36,135,641 |
Regular Reserve | 0 |
Other Reserves | 1,821,860 |
Undivided Earnings | 2,530,240 |
TOTAL EQUITY | 4,352,100 |
TOTAL LIABILITIES, SHARES, & EQUITY | 40,487,741 |
INCOME & EXPENSE | |
Loan Income | 843,261 |
Investment Income | 789,367 |
Other Income | 147,832 |
Total Employee Compensation & Benefits | 585,574 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 902,213 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 65,593 |
Cost of Funds | 43,268 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 399,654 |
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