Dec, 31, 2023 — KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in MEMPHIS, TN with 1 branch location and about $25.76 million in total assets. Opened 76 years ago in 1948, KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION has about 3,166 members and employs 7 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | KENNEDY VA EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1030 Jefferson Ave MEMPHIS, TN 38104 |
| Phone: | (901) 523-8990 |
| Fax: | |
| Website: | https://www.kennedyvaefcu.org |
| Branches: | 1 branch locations |
| Members: | 3,166 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 5811 |
|---|---|
| Membership Type: | Service - Health Care |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $25,758,394 |
| CEO/Manager: | Margie Johnson |
| Chairperson: | Dave Fairley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,001,890 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,112 |
| Unsecured Loans | 1,512,293 |
| Other Loans | 12,884,891 |
| TOTAL LOANS | 14,410,296 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,565 |
| Land And Building | 0 |
| Other Fixed Assets | 13,526 |
| NCUSIF Deposit | 228,133 |
| All Other Assets | 0 |
| TOTAL ASSETS | 25,758,394 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 90,238 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,762,771 |
| Regular shares | 15,934,906 |
| All Other Shares & Deposits | 3,174,571 |
| TOTAL SHARES & DEPOSITS | 21,872,248 |
| TOTAL LIABILITIES | 21,962,486 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 3,795,908 |
| TOTAL EQUITY | 3,795,908 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 25,758,394 |
| INCOME & EXPENSE | |
| Loan Income | 668,182 |
| Investment Income | 471,108 |
| Other Income | 204,387 |
| Total Employee Compensation & Benefits | 361,012 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 586,522 |
| Non-operating Income & (Expense) | 13,002 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,669 |
| Cost of Funds | 51,158 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 319,318 |
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