Dec, 31, 2023 — KELLOGG MEMPHIS EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 2 branch locations and about $4.32 million in total assets. Opened 64 years ago in 1960, KELLOGG MEMPHIS EMPLOYEES FEDERAL CREDIT UNION has about 526 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KELLOGG MEMPHIS EMPLOYEES FEDERAL CREDIT UNION |
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Address: (Main Office) | 2168 Frisco Ave MEMPHIS, TN 38114-4621 |
Phone: | (901) 745-9879 |
Fax: | (901) 745-9890 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 526 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13634 |
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Membership Type: | Service - Finance, Insurance, Real Estate, Trade |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $4,322,853 |
CEO/Manager: | Jill R Ward |
Chairperson: | Herschel Jones |
ASSETS: | $ Amount |
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Cash & Equivalents | 697,098 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 573,483 |
Other Loans | 1,942,475 |
TOTAL LOANS | 2,515,958 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,402 |
Land And Building | 2,762 |
Other Fixed Assets | 2,501 |
NCUSIF Deposit | 32,038 |
All Other Assets | 0 |
TOTAL ASSETS | 4,322,853 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,250 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 26,704 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 2,393,076 |
All Other Shares & Deposits | 761,135 |
TOTAL SHARES & DEPOSITS | 3,154,211 |
TOTAL LIABILITIES | 3,182,165 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 1,140,688 |
TOTAL EQUITY | 1,140,688 |
TOTAL LIABILITIES, SHARES, & EQUITY | 4,322,853 |
INCOME & EXPENSE | |
Loan Income | 163,923 |
Investment Income | 67,925 |
Other Income | 17,275 |
Total Employee Compensation & Benefits | 146,600 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 136,494 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,796 |
Cost of Funds | 3,972 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -42,699 |
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