SHAMBHALA CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://shambhalacreditunion.org for more information.
Dec, 31, 2023 — SHAMBHALA CREDIT UNION is a federally insured state chartered credit union headquartered in Boulder, CO with 1 branch location and about $2.18 million in total assets. Opened 48 years ago in 1976, SHAMBHALA CREDIT UNION has about 314 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHAMBHALA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1345 Spruce St Boulder, CO 80302 |
| Phone: | (303) 444-9003 |
| Fax: | (720) 287-2794 |
| Website: | https://shambhalacreditunion.org |
| Branches: | 1 branch locations |
| Members: | 314 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63418 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1976 |
| Last Audited: | Dec 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $2,178,712 |
| CEO/Manager: | Robert Sutherland |
| Chairperson: | Alexander Halpern |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 176,693 |
| TOTAL INVESTMENTS | 11,415 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 756,368 |
| Unsecured Loans | 330,290 |
| Other Loans | 763,172 |
| TOTAL LOANS | 1,974,155 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,533 |
| Land And Building | 0 |
| Other Fixed Assets | 10,803 |
| NCUSIF Deposit | 23,202 |
| All Other Assets | 20,977 |
| TOTAL ASSETS | 2,178,712 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 15,892 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 1,068,524 |
| All Other Shares & Deposits | 893,234 |
| TOTAL SHARES & DEPOSITS | 1,961,758 |
| TOTAL LIABILITIES | 1,977,650 |
| Regular Reserve | 72,735 |
| Other Reserves | 0 |
| Undivided Earnings | 128,327 |
| TOTAL EQUITY | 201,062 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,178,712 |
| INCOME & EXPENSE | |
| Loan Income | 107,376 |
| Investment Income | 2,585 |
| Other Income | 17,532 |
| Total Employee Compensation & Benefits | 50,169 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 68,240 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 15,628 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -6,132 |
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