Dec, 31, 2023 — MINNEQUA WORKS CREDIT UNION is a federally insured state chartered credit union headquartered in PUEBLO, CO with 3 branch locations and about $248.27 million in total assets. Opened 87 years ago in 1937, MINNEQUA WORKS CREDIT UNION has about 12,114 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | MINNEQUA WORKS CREDIT UNION |
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Address: (Main Office) | 4700 Eagleridge Cir PUEBLO, CO 81008-2344 |
Phone: | (719) 544-6928 |
Fax: | (719) 544-0567 |
Website: | https://www.mymwcu.com |
Branches: | 3 branch locations |
Members: | 12,114 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68240 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $248,270,789 |
CEO/Manager: | Nathan Cape |
Chairperson: | Greg Smith |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,304,282 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 49,351,446 |
Unsecured Loans | 6,671,450 |
Other Loans | 30,192,587 |
TOTAL LOANS | 86,215,484 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,683,652 |
Land And Building | 2,424,011 |
Other Fixed Assets | 206,232 |
NCUSIF Deposit | 2,158,606 |
All Other Assets | 0 |
TOTAL ASSETS | 248,270,789 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,964,437 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,259,163 |
Regular shares | 75,496,756 |
All Other Shares & Deposits | 123,826,566 |
TOTAL SHARES & DEPOSITS | 224,582,486 |
TOTAL LIABILITIES | 226,546,923 |
Regular Reserve | 0 |
Other Reserves | -9,221,248 |
Undivided Earnings | 30,945,114 |
TOTAL EQUITY | 21,723,866 |
TOTAL LIABILITIES, SHARES, & EQUITY | 248,270,789 |
INCOME & EXPENSE | |
Loan Income | 3,996,580 |
Investment Income | 3,422,304 |
Other Income | 721,546 |
Total Employee Compensation & Benefits | 2,616,325 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,981,726 |
Non-operating Income & (Expense) | -726 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,404 |
Cost of Funds | 2,317,590 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,335,102 |
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