Dec, 31, 2023 — PIKES PEAK CREDIT UNION is a federally insured state chartered credit union headquartered in COLORADO SPRINGS, CO with 2 branch locations and about $116.84 million in total assets. Opened 92 years ago in 1932, PIKES PEAK CREDIT UNION has about 10,071 members and employs 21 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PIKES PEAK CREDIT UNION |
|---|---|
| Address: (Main Office) | 1616 N Circle Dr COLORADO SPRINGS, CO 80909-2408 |
| Phone: | (719) 473-5962 |
| Fax: | (719) 473-5981 |
| Website: | https://www.pikespeakcu.com |
| Branches: | 2 branch locations |
| Members: | 10,071 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68266 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $116,839,788 |
| CEO/Manager: | Brett Raitz |
| Chairperson: | Kathy A Pullara |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,302,308 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 15,334,102 |
| Unsecured Loans | 681,831 |
| Other Loans | 70,205,512 |
| TOTAL LOANS | 86,674,353 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -642,151 |
| Land And Building | 503,607 |
| Other Fixed Assets | 134,680 |
| NCUSIF Deposit | 949,059 |
| All Other Assets | 281,294 |
| TOTAL ASSETS | 116,839,788 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 246,114 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,450,204 |
| Regular shares | 24,321,865 |
| All Other Shares & Deposits | 58,562,709 |
| TOTAL SHARES & DEPOSITS | 104,334,778 |
| TOTAL LIABILITIES | 104,580,892 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,258,896 |
| TOTAL EQUITY | 12,258,896 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 116,839,788 |
| INCOME & EXPENSE | |
| Loan Income | 3,813,217 |
| Investment Income | 856,829 |
| Other Income | 324,609 |
| Total Employee Compensation & Benefits | 1,576,057 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,180,323 |
| Non-operating Income & (Expense) | 17,257 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 340,000 |
| Cost of Funds | 1,214,540 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,025,141 |
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