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KELLOGG MEMPHIS EMPLOYEES FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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