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KEMBA ROANOKE FEDERAL CREDIT UNION

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
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
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

Call Report

  • Credit Builder
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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