Dec, 31, 2023 — KEMBA ROANOKE FEDERAL CREDIT UNION is a federal credit union headquartered in SALEM, VA with 2 branch locations and about $75.93 million in total assets. Opened 89 years ago in 1935, KEMBA ROANOKE FEDERAL CREDIT UNION has about 5,417 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | KEMBA ROANOKE FEDERAL CREDIT UNION |
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Address: (Main Office) | 2812 W MAIN ST SALEM, VA 24153 |
Phone: | (540) 387-5267 |
Fax: | (540) 387-2854 |
Website: | https://www.kembafcu.org |
Branches: | 2 branch locations |
Members: | 5,417 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 107 |
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Membership Type: | Multiple common bond - Primarily finance, insurance, real estate, trade |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $75,928,276 |
CEO/Manager: | ALLAN DAVIDSON |
Chairperson: | GARRETT PAGANS |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,201,846 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,197,511 |
Unsecured Loans | 4,352,992 |
Other Loans | 13,085,552 |
TOTAL LOANS | 25,636,054 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,736 |
Land And Building | 903,285 |
Other Fixed Assets | 12,373 |
NCUSIF Deposit | 637,377 |
All Other Assets | 0 |
TOTAL ASSETS | 75,928,276 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 222,520 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 8,189,368 |
Regular shares | 20,578,696 |
All Other Shares & Deposits | 35,141,749 |
TOTAL SHARES & DEPOSITS | 63,909,813 |
TOTAL LIABILITIES | 64,132,333 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 11,795,943 |
TOTAL EQUITY | 11,795,943 |
TOTAL LIABILITIES, SHARES, & EQUITY | 75,928,276 |
INCOME & EXPENSE | |
Loan Income | 1,543,961 |
Investment Income | 1,137,082 |
Other Income | 182,827 |
Total Employee Compensation & Benefits | 801,291 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,448,318 |
Non-operating Income & (Expense) | 66,420 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 37,060 |
Cost of Funds | 493,282 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 455,825 |
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