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RED CANOE CREDIT UNION

Dec, 31, 2023 — RED CANOE CREDIT UNION is a federally insured state chartered credit union headquartered in LONGVIEW, WA with 12 branch locations and about $1.16 billion in total assets. Opened 87 years ago in 1937, RED CANOE CREDIT UNION has about 59,944 members and employs 244 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 CANOE CREDIT UNION
Address:
(Main Office)
1418 15th Ave
LONGVIEW, WA 98632
Phone:(800) 562-5611
Fax:
Website:https://www.redcanoecu.com
Branches:12 branch locations
Members:59,944
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68196
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:$1,161,025,646
CEO/Manager:David Spaulding
Chairperson:Kurt Sacha

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 50,496,321
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 531,372,700
 Unsecured Loans 49,924,251
 Other Loans 257,631,125
 TOTAL LOANS 838,928,076
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -5,306,217
 Land And Building 33,096,145
 Other Fixed Assets 11,062,806
 NCUSIF Deposit 9,424,798
 All Other Assets 601,168
  TOTAL ASSETS 1,161,025,646
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 25,000,000
 Accounts Payable & Other Liabilities 17,554,587
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 208,987,489
 Regular shares 291,509,627
 All Other Shares & Deposits 499,132,519
  TOTAL SHARES & DEPOSITS 999,629,635
  TOTAL LIABILITIES 1,042,184,222
 Regular Reserve 0
 Other Reserves -5,028,809
 Undivided Earnings 123,870,233
  TOTAL EQUITY 118,841,424
  TOTAL LIABILITIES, SHARES, & EQUITY 1,161,025,646
INCOME & EXPENSE  
 Loan Income 38,998,738
 Investment Income 4,777,930
 Other Income 6,811,650
 Total Employee Compensation & Benefits 25,025,491
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 12,882,548
 Non-operating Income & (Expense) 48,074
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 4,034,181
 Cost of Funds 8,854,571
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 5,213,141
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