Dec, 31, 2023 — UNITUS COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, OR with 12 branch locations and about $1.72 billion in total assets. Opened 87 years ago in 1937, UNITUS COMMUNITY CREDIT UNION has about 104,933 members and employs 315 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNITUS COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 1300 SW 6th Ave PORTLAND, OR 97201-3464 |
| Phone: | (503) 227-5571 |
| Fax: | |
| Website: | https://www.unitusccu.com |
| Branches: | 12 branch locations |
| Members: | 104,933 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63440 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,723,073,807 |
| CEO/Manager: | Steven Stapp |
| Chairperson: | Matthew Micetic |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 178,301,678 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 353,000 |
| Real Estate Loans | 709,505,006 |
| Unsecured Loans | 65,346,772 |
| Other Loans | 515,981,986 |
| TOTAL LOANS | 1,290,918,948 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -15,510,561 |
| Land And Building | 29,103,882 |
| Other Fixed Assets | 12,054,663 |
| NCUSIF Deposit | 14,436,658 |
| All Other Assets | 1,009,005 |
| TOTAL ASSETS | 1,723,073,807 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 30,011,910 |
| Accounts Payable & Other Liabilities | 31,294,967 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 330,878,716 |
| Regular shares | 463,294,563 |
| All Other Shares & Deposits | 708,357,244 |
| TOTAL SHARES & DEPOSITS | 1,502,530,525 |
| TOTAL LIABILITIES | 1,564,007,402 |
| Regular Reserve | 0 |
| Other Reserves | -9,163,235 |
| Undivided Earnings | 168,229,640 |
| TOTAL EQUITY | 159,066,405 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,723,073,807 |
| INCOME & EXPENSE | |
| Loan Income | 55,482,176 |
| Investment Income | 7,788,612 |
| Other Income | 7,116,714 |
| Total Employee Compensation & Benefits | 33,419,825 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 24,331,459 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,728,021 |
| Cost of Funds | 18,593,880 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,586,571 |
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