Dec, 31, 2023 — KEESLER FEDERAL CREDIT UNION is a federal credit union headquartered in BILOXI, MS with 41 branch locations and about $4.07 billion in total assets. Opened 77 years ago in 1947, KEESLER FEDERAL CREDIT UNION has about 318,904 members and employs 795 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KEESLER FEDERAL CREDIT UNION |
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Address: (Main Office) | 2602 Pass Rd BILOXI, MS 39531-2728 |
Phone: | (228) 385-5500 |
Fax: | (228) 385-5535 |
Website: | https://www.kfcu.org |
Branches: | 41 branch locations |
Members: | 318,904 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 5561 |
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Membership Type: | Multiple common bond - Primarily military |
Corporate Credit Union: | No |
Year Opened: | 1947 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $4,074,446,833 |
CEO/Manager: | Andrew Swoger |
Chairperson: | James Hollingsworth |
ASSETS: | $ Amount |
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Cash & Equivalents | 241,303,972 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,268,561,443 |
Unsecured Loans | 267,136,487 |
Other Loans | 1,617,729,837 |
TOTAL LOANS | 3,153,729,297 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -72,652,496 |
Land And Building | 37,446,925 |
Other Fixed Assets | 6,630,334 |
NCUSIF Deposit | 30,297,188 |
All Other Assets | 4,363,328 |
TOTAL ASSETS | 4,074,446,833 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,682,505 |
Notes & Interest Payable | 415,000,000 |
Accounts Payable & Other Liabilities | 71,139,344 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 588,930,766 |
Regular shares | 1,158,111,226 |
All Other Shares & Deposits | 1,400,363,037 |
TOTAL SHARES & DEPOSITS | 3,147,405,029 |
TOTAL LIABILITIES | 3,635,226,878 |
Regular Reserve | 0 |
Other Reserves | -68,657,099 |
Undivided Earnings | 507,877,054 |
TOTAL EQUITY | 439,219,955 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,074,446,833 |
INCOME & EXPENSE | |
Loan Income | 166,805,322 |
Investment Income | 20,122,986 |
Other Income | 30,632,411 |
Total Employee Compensation & Benefits | 63,453,855 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 83,799,677 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 33,202,919 |
Cost of Funds | 42,715,828 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 32,247,825 |
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