Dec, 31, 2023 — CREDIT UNION OF COLORADO is a federal credit union headquartered in DENVER, CO with 19 branch locations and about $2.84 billion in total assets. Opened 90 years ago in 1934, CREDIT UNION OF COLORADO has about 168,332 members and employs 404 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF COLORADO |
|---|---|
| Address: (Main Office) | 8959 E 40th Ave DENVER, CO 80238 |
| Phone: | (303) 832-4816 |
| Fax: | |
| Website: | https://www.cuofco.org |
| Branches: | 19 branch locations |
| Members: | 168,332 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24854 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,836,835,046 |
| CEO/Manager: | Phil Smith |
| Chairperson: | Will Fleckenstein |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 86,615,945 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 785,581,189 |
| Unsecured Loans | 139,947,990 |
| Other Loans | 741,847,154 |
| TOTAL LOANS | 1,667,376,333 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,140,979 |
| Land And Building | 75,246,477 |
| Other Fixed Assets | 7,899,518 |
| NCUSIF Deposit | 19,332,549 |
| All Other Assets | 1,368,710 |
| TOTAL ASSETS | 2,836,835,046 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 465,050,000 |
| Accounts Payable & Other Liabilities | 50,224,084 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 484,549,965 |
| Regular shares | 646,701,780 |
| All Other Shares & Deposits | 976,838,856 |
| TOTAL SHARES & DEPOSITS | 2,108,090,601 |
| TOTAL LIABILITIES | 2,623,364,685 |
| Regular Reserve | 0 |
| Other Reserves | -10,145,199 |
| Undivided Earnings | 223,615,560 |
| TOTAL EQUITY | 213,470,361 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,836,835,046 |
| INCOME & EXPENSE | |
| Loan Income | 85,953,009 |
| Investment Income | 62,767,479 |
| Other Income | 6,548,681 |
| Total Employee Compensation & Benefits | 41,504,339 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 43,430,884 |
| Non-operating Income & (Expense) | 6,870 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,328,626 |
| Cost of Funds | 66,415,833 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,551,716 |
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