Dec, 31, 2023 — SIGNET FEDERAL CREDIT UNION is a federal credit union headquartered in PADUCAH, KY with 6 branch locations and about $342.88 million in total assets. Opened 42 years ago in 1982, SIGNET FEDERAL CREDIT UNION has about 19,698 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SIGNET FEDERAL CREDIT UNION |
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Address: (Main Office) | 163 Pecan CT PADUCAH, KY 42001 |
Phone: | (270) 443-5261 |
Fax: | (270) 443-6148 |
Website: | https://www.signetfcu.com |
Branches: | 6 branch locations |
Members: | 19,698 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 23949 |
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Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1982 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $342,879,854 |
CEO/Manager: | Jimmilyn Hancock |
Chairperson: | Greg Widmer |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,271,192 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 77,576,937 |
Unsecured Loans | 5,665,498 |
Other Loans | 115,659,266 |
TOTAL LOANS | 198,901,701 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -813,291 |
Land And Building | 9,215,496 |
Other Fixed Assets | 971,596 |
NCUSIF Deposit | 2,615,187 |
All Other Assets | 72,124 |
TOTAL ASSETS | 342,879,854 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,655 |
Notes & Interest Payable | 7,500,000 |
Accounts Payable & Other Liabilities | 863,351 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 35,335,243 |
Regular shares | 169,883,083 |
All Other Shares & Deposits | 73,681,485 |
TOTAL SHARES & DEPOSITS | 278,899,813 |
TOTAL LIABILITIES | 287,264,819 |
Regular Reserve | 0 |
Other Reserves | -1,088,326 |
Undivided Earnings | 56,703,361 |
TOTAL EQUITY | 55,615,035 |
TOTAL LIABILITIES, SHARES, & EQUITY | 342,879,854 |
INCOME & EXPENSE | |
Loan Income | 9,242,347 |
Investment Income | 1,626,505 |
Other Income | 655,837 |
Total Employee Compensation & Benefits | 3,310,893 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,496,451 |
Non-operating Income & (Expense) | -12,683 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,000 |
Cost of Funds | 3,124,425 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 3,508,914 |
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