Dec, 31, 2023 — RED ROCKS CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 2 branch locations and about $326.46 million in total assets. Opened 45 years ago in 1979, RED ROCKS CREDIT UNION has about 17,464 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RED ROCKS CREDIT UNION |
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Address: (Main Office) | 8195 Southpark Ln LITTLETON, CO 80120-4520 |
Phone: | (303) 471-7625 |
Fax: | (303) 471-7690 |
Website: | https://www.redrocks.org |
Branches: | 2 branch locations |
Members: | 17,464 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68560 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $326,455,758 |
CEO/Manager: | Darius Wise |
Chairperson: | Joeri Carty |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,008,796 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 201,840,987 |
Unsecured Loans | 27,013,954 |
Other Loans | 37,224,434 |
TOTAL LOANS | 266,079,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,047,217 |
Land And Building | 10,328,950 |
Other Fixed Assets | 1,558,810 |
NCUSIF Deposit | 2,737,407 |
All Other Assets | 120,408 |
TOTAL ASSETS | 326,455,758 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 15,000,000 |
Accounts Payable & Other Liabilities | 2,414,165 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 53,268,563 |
Regular shares | 143,433,138 |
All Other Shares & Deposits | 83,691,568 |
TOTAL SHARES & DEPOSITS | 280,393,269 |
TOTAL LIABILITIES | 297,816,540 |
Regular Reserve | 0 |
Other Reserves | -2,390,314 |
Undivided Earnings | 31,029,532 |
TOTAL EQUITY | 28,639,218 |
TOTAL LIABILITIES, SHARES, & EQUITY | 326,455,758 |
INCOME & EXPENSE | |
Loan Income | 16,222,727 |
Investment Income | 1,673,213 |
Other Income | 725,759 |
Total Employee Compensation & Benefits | 5,628,440 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,604,842 |
Non-operating Income & (Expense) | 295,817 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,256,765 |
Cost of Funds | 4,873,475 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 320,100 |
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