Kemba Louisville Credit Union
- Assets
- $62.3m
- Revenue
- $2.1m
- Investments
- $1.5m
- Employees
- 15
- Location
- Louisville, KY
- Founding
- 12/1944
- Data as of
- 12/2021
- EIN
- 61-6027588
Organization Overview
Kemba Louisville Credit Union is located in Louisville, KY. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Kemba Louisville Credit Union employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kemba Louisville Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Kemba Louisville Credit Union generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KEMBA LOUISVILLE CREDIT UNION IS A 4,729 MEMBER CREDIT UNION FORMED AND OPERATED FOR THE BENEFIT OF KROGER EMPLOYEES AND EMPLOYEES OF RELATED COMPANIES ZENITH AND TRANSSERVICE. THE MISSION OF KEMBA IS TO PROVIDE FINANCIAL SERVICES TO ITS MEMBERS. THE BOARD OF DIRECTORS ARE ALL UNCOMPENSATED VOLUNTEERS WHO GOVERN THE CREDIT UNION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO OUR MEMBERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy A Head President/ma | Officer | 45 | $94,160 |
Joseph Cordaro Jr Treasurer | Trustee | 0.5 | $0 |
Frank Polion Board Member | Trustee | 0.5 | $0 |
Mark Edwards Board Member | Trustee | 0.5 | $0 |
C Norman Markert Chairman | Trustee | 0.5 | $0 |
Stephen Wine Secretary | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,124,486 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,124,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $171,259 |
| Compensation of current officers, directors, key employees. | $94,168 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,379 |
| Pension plan accruals and contributions | $57,240 |
| Other employee benefits | $74,979 |
| Payroll taxes | $61,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,100 |
| Fees for services: Accounting | $11,622 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,027 |
| Advertising and promotion | $30,088 |
| Office expenses | $517,106 |
| Information technology | $201,540 |
| Royalties | $0 |
| Occupancy | $87,164 |
| Travel | $1,368 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,873 |
| Insurance | $22,474 |
| All other expenses | $0 |
| Total functional expenses | $1,915,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,892 |
| Savings and temporary cash investments | $42,522,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,183 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,110,845 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $146,288 |
| Net Land, buildings, and equipment | $374,994 |
| Investments—publicly traded securities | $3,751,083 |
| Investments—other securities | $1,460,461 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $545,701 |
| Total assets | $62,322,567 |
| Accounts payable and accrued expenses | $969,107 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,303,667 |
| Total liabilities | $51,272,774 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $1,000,000 |
| Retained earnings, endowment, accumulated income, or other funds | $10,049,793 |
| Total liabilities and net assets/fund balances | $62,322,567 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Illinois Community Credit Union Champaign, IL | $475,743,912 | $22,792,231 |
Memphis City Employees Credit Union Memphis, TN | $441,662,639 | $21,190,840 |
Land Of Lincoln Credit Union Decatur, IL | $357,439,691 | $20,389,555 |
Siu Credit Union Carbondale, IL | $404,439,735 | $19,509,001 |
Oucu Financial Credit Union Inc Athens, OH | $474,537,170 | $21,539,633 |
Healthcare Associates Credit Union Naperville, IL | $470,519,753 | $19,024,406 |
Cornerstone Financial Credit Union Nashville, TN | $522,943,459 | $21,028,853 |
Financial Plus Credit Union Ottawa, IL | $450,128,379 | $18,435,940 |
0197 Universal 1 Credit Union Inc Dayton, OH | $475,826,892 | $18,974,323 |
River Valley Credit Union Inc Miamisburg, OH | $417,823,521 | $18,188,326 |
Streator Onized Credit Union Streator, IL | $322,868,914 | $20,466,912 |
Arsenal Credit Union Arnold, MO | $349,876,786 | $18,878,245 |