Dec, 31, 2023 — K G C FEDERAL CREDIT UNION is a federal credit union headquartered in KNOX, PA with 1 branch location and about $9.39 million in total assets. Opened 64 years ago in 1960, K G C FEDERAL CREDIT UNION has about 1,721 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | K G C FEDERAL CREDIT UNION |
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Address: (Main Office) | 778 BEATTY AVE KNOX, PA 16232 |
Phone: | (814) 797-5768 |
Fax: | (814) 797-2544 |
Website: | https://kgcfcu.com |
Branches: | 1 branch locations |
Members: | 1,721 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13802 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $9,386,988 |
CEO/Manager: | Lisa Renfrew |
Chairperson: | Justin Forsythe |
ASSETS: | $ Amount |
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Cash & Equivalents | 3,740,666 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 1,037,511 |
Other Loans | 3,579,106 |
TOTAL LOANS | 4,616,617 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -138,775 |
Land And Building | 31,166 |
Other Fixed Assets | 9,827 |
NCUSIF Deposit | 87,780 |
All Other Assets | 0 |
TOTAL ASSETS | 9,386,988 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 45,501 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,887,170 |
Regular shares | 5,574,955 |
All Other Shares & Deposits | 41,911 |
TOTAL SHARES & DEPOSITS | 8,504,036 |
TOTAL LIABILITIES | 8,549,537 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 837,451 |
TOTAL EQUITY | 837,451 |
TOTAL LIABILITIES, SHARES, & EQUITY | 9,386,988 |
INCOME & EXPENSE | |
Loan Income | 332,135 |
Investment Income | 114,088 |
Other Income | 103,960 |
Total Employee Compensation & Benefits | 70,381 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 196,935 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 86,878 |
Cost of Funds | 3,144 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 254,834 |
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