Dec, 31, 2023 — COLORADO CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 3 branch locations and about $374.27 million in total assets. Opened 51 years ago in 1973, COLORADO CREDIT UNION has about 25,134 members and employs 70 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COLORADO CREDIT UNION |
|---|---|
| Address: (Main Office) | 10026 W San Juan Way Ste 200 LITTLETON, CO 80127-6345 |
| Phone: | (303) 978-2274 |
| Fax: | (303) 978-2749 |
| Website: | https://www.ccu.org |
| Branches: | 3 branch locations |
| Members: | 25,134 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68443 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Jul 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $374,266,689 |
| CEO/Manager: | Michael A Williams |
| Chairperson: | Jeffrey A Hager |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,607,389 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 199,415,071 |
| Unsecured Loans | 5,888,979 |
| Other Loans | 83,959,653 |
| TOTAL LOANS | 289,403,458 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,291,087 |
| Land And Building | 12,452,456 |
| Other Fixed Assets | 901,694 |
| NCUSIF Deposit | 3,020,092 |
| All Other Assets | 14,041 |
| TOTAL ASSETS | 374,266,689 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 4,000,000 |
| Accounts Payable & Other Liabilities | 4,590,253 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 61,123,968 |
| Regular shares | 88,869,267 |
| All Other Shares & Deposits | 177,358,581 |
| TOTAL SHARES & DEPOSITS | 327,351,815 |
| TOTAL LIABILITIES | 335,942,068 |
| Regular Reserve | 0 |
| Other Reserves | 4,272,035 |
| Undivided Earnings | 34,052,586 |
| TOTAL EQUITY | 38,324,621 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 374,266,689 |
| INCOME & EXPENSE | |
| Loan Income | 16,015,405 |
| Investment Income | 1,553,517 |
| Other Income | 734,142 |
| Total Employee Compensation & Benefits | 6,547,102 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,198,330 |
| Non-operating Income & (Expense) | 9,251 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 595,618 |
| Cost of Funds | 5,008,615 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,658,791 |
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