Dec, 31, 2023 — WESTERRA CREDIT UNION is a federally insured state chartered credit union headquartered in DENVER, CO with 9 branch locations and about $2.17 billion in total assets. Opened 90 years ago in 1934, WESTERRA CREDIT UNION has about 111,665 members and employs 288 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERRA CREDIT UNION |
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Address: (Main Office) | 3700 E Alameda Ave DENVER, CO 80209 |
Phone: | (303) 321-4209 |
Fax: | (866) 208-1598 |
Website: | https://westerracu.com |
Branches: | 9 branch locations |
Members: | 111,665 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65788 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,173,846,808 |
CEO/Manager: | Steve Schmidle |
Chairperson: | Andy Raicevich |
ASSETS: | $ Amount |
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Cash & Equivalents | 169,647,554 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,794,413 |
Real Estate Loans | 1,047,923,574 |
Unsecured Loans | 70,972,711 |
Other Loans | 256,471,782 |
TOTAL LOANS | 1,375,368,067 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,190,772 |
Land And Building | 14,483,492 |
Other Fixed Assets | 7,762,494 |
NCUSIF Deposit | 15,528,178 |
All Other Assets | 58,675 |
TOTAL ASSETS | 2,173,846,808 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 10,191 |
Notes & Interest Payable | 285,000,000 |
Accounts Payable & Other Liabilities | 36,333,162 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 349,344,725 |
Regular shares | 302,848,636 |
All Other Shares & Deposits | 1,036,662,675 |
TOTAL SHARES & DEPOSITS | 1,688,856,035 |
TOTAL LIABILITIES | 2,010,732,809 |
Regular Reserve | 0 |
Other Reserves | -20,425,907 |
Undivided Earnings | 183,539,906 |
TOTAL EQUITY | 163,113,999 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,173,846,808 |
INCOME & EXPENSE | |
Loan Income | 71,752,923 |
Investment Income | 37,843,425 |
Other Income | 996,177 |
Total Employee Compensation & Benefits | 28,100,486 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 32,528,335 |
Non-operating Income & (Expense) | -29,233 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,843,273 |
Cost of Funds | 47,098,327 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 9,536,040 |
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