Dec, 31, 2023 — PARTNER COLORADO CREDIT UNION is a federally insured state chartered credit union headquartered in ARVADA, CO with 5 branch locations and about $633.69 million in total assets. Opened 93 years ago in 1931, PARTNER COLORADO CREDIT UNION has about 34,970 members and employs 102 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PARTNER COLORADO CREDIT UNION |
|---|---|
| Address: (Main Office) | 5269 W 62nd Ave ARVADA, CO 80003 |
| Phone: | (303) 422-6221 |
| Fax: | (303) 431-3268 |
| Website: | https://partnercoloradocu.org |
| Branches: | 5 branch locations |
| Members: | 34,970 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62903 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $633,689,659 |
| CEO/Manager: | Doug Fagan |
| Chairperson: | Linda Head |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 53,260,279 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 146,470,831 |
| Unsecured Loans | 11,628,772 |
| Other Loans | 281,485,017 |
| TOTAL LOANS | 439,584,620 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,400,272 |
| Land And Building | 10,667,344 |
| Other Fixed Assets | 1,422,217 |
| NCUSIF Deposit | 4,204,083 |
| All Other Assets | 88,968 |
| TOTAL ASSETS | 633,689,659 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 27,500,000 |
| Accounts Payable & Other Liabilities | 12,419,807 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 193,955,228 |
| Regular shares | 123,498,015 |
| All Other Shares & Deposits | 204,666,700 |
| TOTAL SHARES & DEPOSITS | 522,119,943 |
| TOTAL LIABILITIES | 562,039,750 |
| Regular Reserve | 0 |
| Other Reserves | -5,752,398 |
| Undivided Earnings | 77,402,307 |
| TOTAL EQUITY | 71,649,909 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 633,689,659 |
| INCOME & EXPENSE | |
| Loan Income | 17,000,011 |
| Investment Income | 2,061,498 |
| Other Income | 2,725,602 |
| Total Employee Compensation & Benefits | 19,737,076 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,446,459 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,134,600 |
| Cost of Funds | 5,730,070 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -63,973,397 |
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