Dec, 31, 2023 — CREDIT UNION WEST is a federally insured state chartered credit union headquartered in GLENDALE, AZ with 13 branch locations and about $1.21 billion in total assets. Opened 73 years ago in 1951, CREDIT UNION WEST has about 90,131 members and employs 198 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION WEST |
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Address: (Main Office) | 10150 W Desert River Blvd GLENDALE, AZ 85305 |
Phone: | (602) 631-3200 |
Fax: | |
Website: | https://www.cuwest.org |
Branches: | 13 branch locations |
Members: | 90,131 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68421 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,206,329,192 |
CEO/Manager: | Karen Roch |
Chairperson: | Gary Larberg |
ASSETS: | $ Amount |
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Cash & Equivalents | 56,254,111 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 252,987,828 |
Unsecured Loans | 126,377,749 |
Other Loans | 601,427,338 |
TOTAL LOANS | 980,792,915 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,599,747 |
Land And Building | 26,274,361 |
Other Fixed Assets | 5,532,408 |
NCUSIF Deposit | 9,522,046 |
All Other Assets | 724,447 |
TOTAL ASSETS | 1,206,329,192 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 149,310 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 26,174,021 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 231,356,082 |
Regular shares | 255,613,001 |
All Other Shares & Deposits | 577,291,083 |
TOTAL SHARES & DEPOSITS | 1,064,260,166 |
TOTAL LIABILITIES | 1,090,583,497 |
Regular Reserve | 0 |
Other Reserves | -3,809,775 |
Undivided Earnings | 119,555,470 |
TOTAL EQUITY | 115,745,695 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,206,329,192 |
INCOME & EXPENSE | |
Loan Income | 56,927,458 |
Investment Income | 3,800,238 |
Other Income | 4,871,310 |
Total Employee Compensation & Benefits | 19,525,988 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 16,304,822 |
Non-operating Income & (Expense) | 86,057 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,022,807 |
Cost of Funds | 15,604,395 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 13,482,635 |
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