2024-04-11T16:14:37-04:00 2023-12-31 201871743 KENNETH KLING CPA PSC 325 CHELSEA RD Louisville KY 40207 990 2023-01-01 616027588 KEMBA LOUISVILLE CREDIT UNION KEMB 4017 POPLAR LEVEL ROAD Louisville KY 40213 TIMOTHY A HEAD PRESIDENT 5024591411 2024-03-01 true TIMOTHY HEAD true KENNETH KLING P00235860 5022878455 2024-04-11 0 00 AAL2 IAL1 2023 2023-04-26 12:10:37Z MARK EDWARDS 2393486 false X KEMBAKY.ORG X 1934 KY SEE SCHEDULE O PAGE 2 7 7 14 0 0 0 2096245 2393486 0 0 2096245 2393486 0 133481 241728 694180 734133 0 0 920119 1262176 1747780 2238037 348465 155449 61617658 58193626 50219400 46639919 11398258 11553707 SEE SCHEDULE O PAGE 2 false false PROVIDE FINANCIAL SERVICES TO OUR MEMBERS false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1166 0 14 true false false false false false false false false X 7 7 false false false false true true true true true false false true true true true false true true false false X X TIMOTHY HEAD 5024591411 4017 POPLAR LEVEL ROAD Louisville KY 40213 TIMOTHY HEAD PRESIDENTMANAGER 45.00 0.00 X 121080 0 0 KRISTEN HODGES BOARD MEMBER 0.50 0.00 X 0 0 0 DONALD DIEBOLD JR BOARD MEMBER 0.50 0.00 X 0 0 0 TOM STOKES BOARD MEMBER 0.50 0.00 X 0 0 0 FRANK POLION BOARD MEMBER 0.50 0.00 X 0 0 0 JOSEPH CORDARO JR TREASURER 0.50 0.00 X 0 0 0 STEPHEN WINE SECRETARY 0.50 0.00 X 0 0 0 MARK EDWARDS CHAIRMAN 0.50 0.00 X X 0 0 0 121080 0 0 1 false false false LOAN INCOME 522100 1017229 1017229 INVESTMENT INCOME 522100 960854 960854 FEES & CHARGES 522100 341040 341040 OTHER OPERATING INCOME 522100 74363 74363 2393486 2393486 2393486 0 0 241728 121080 439016 44585 88227 41225 1799 14998 29008 23974 489809 250560 70281 8495 1738 26763 29331 ASSOCIATION DUES 16733 16733 PROVISION FOR LOAN LOSSES 262193 262193 CASH OVER & SHORT 678 678 OTHER OPERATING EXPENSES 35816 35816 2238037 0 0 0 292968 686809 37162936 31471418 58841 70846 12852989 13678934 120364 129516 921590 571769 360327 349821 8750444 11325693 1491447 527342 480589 61617658 58193626 1030582 313157 49188818 46326762 50219400 46639919 X 1000000 10398258 11553707 11398258 11553707 61617658 58193626 155449 0 X false false false 201800 201800 391001 305907 85094 70580 21911 48669 258209 243951 14258 349821 SHARES & CDS 46326762 46326762 Members or stockholder classes and rights Part VI line 6 THE CREDIT UNION HAS MEMBERS. Member election for additional members Part VI line 7a THE MEMBERS OF KEMBA LOUISVILLE CREDIT UNION HAVE AN EQUAL VOTING SHARE TOELECT CREDIT UNION BOARD OF DIRECTORS. BOARD MEMBERS ARE ELECTED TO THREEYEAR TERMS, WITH EITHER TWO OR THREE MEMBERS ELECTED EACH YEAR AT THECREDIT UNION ANNUAL MEETING. Governing body decisions Part VI line 7b MEMBERS MUST APPROVE DISSOLUTION OF THE CREDIT UNION AND MAY VOTE TO EXPELA MEMBER FROM MEMBERSHIP UNDER CERTAIN CIRCUMSTANCES. THE KENTUCKYDEPARTMENT OF FINANCIAL INSTITUTIONS MAY BE REQUIRED TO APPROVE CERTAINACTIONS OF THE BOARD OF DIRECTORS. SUCH ACTIONS INCLUDE THE PAYMENT OFDIVIDENDS FOR A PERIOD IN WHICH THERE IS A NET LOSS. Form 990 governing body review Part VI line 11 A COPY OF THE 990 IS EMAILED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. Conflict of interest policy compliance Part VI line 12c THE CONFLICT OF INTEREST POLICY REQUIRES A YEARLY REVIEW ANDACKNOWLEDGEMENT OF THE POLICY AND SIGNATURE OF EACH OFFICIAL AND EMPLOYEE.EACH PERSON IS TO DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST. THE CREDITUNION PRESIDENT MONITORS FOR ANY CONFLICT OF INTEREST WHICH MAY OCCUR INTHE ORDINARY COURSE OF BUSINESS. IF ANY CONFLICTS ARE NOTED, THEYWILL BE REPORTED TO THE BOARD OF DIRECTORS AND THE KENTUCKY DEPARTMENT OFFINANCIAL INSTITUTIONS. CEO executive director top management comp Part VI line 15a THE BOARD OF DIRECTORS APPROVE THE PRESIDENTS SALARY BASED UPON ANALYSISOF LOCAL ECONOMY, THE CREDIT UNIONS PERFORMANCE VERSUS BUDGET, SPONSERKROGER GENERAL SALARY INCREASES, AND INFORMAL COMPARISON WITH OTHERKENTUCKY CREDIT UNIONS. Governing documents etc available to public Part VI line 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTERESTPOLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON INDIVIDUAL REQUEST. General explanation attachment KEMBA LOUISVILLE CREDIT UNION IS A 4,346 MEMBER CREDIT UNION FORMED ANDOPERATED FOR THE BENEFIT OF KROGER EMPLOYEES AND EMPLOYEES OF RELATEDCOMPANIES ZENITH AND TRANSSERVICE. THE MISSION OF KEMBA IS TO PROVIDEFINANCIAL SERVICES TO ITS MEMBERS. THE BOARD OF DIRECTORS ARE ALLUNCOMPENSATED VOLUNTEERS WHO GOVERN THE CREDIT UNION.