Dec, 31, 2023 — CANOPY FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 4 branch locations and about $240.48 million in total assets. Opened 68 years ago in 1956, CANOPY FEDERAL CREDIT UNION has about 13,617 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CANOPY FEDERAL CREDIT UNION |
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Address: (Main Office) | 601 W Mallon Ave SPOKANE, WA 99201 |
Phone: | (509) 328-2900 |
Fax: | (509) 323-1348 |
Website: | https://www.canopycu.com |
Branches: | 4 branch locations |
Members: | 13,617 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 11162 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Aug 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $240,482,621 |
CEO/Manager: | Charlotte Nemec |
Chairperson: | Mark Nelson |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,544,593 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 107,875,924 |
Unsecured Loans | 13,290,989 |
Other Loans | 74,455,693 |
TOTAL LOANS | 195,622,606 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,645,040 |
Land And Building | 5,294,938 |
Other Fixed Assets | 1,176,137 |
NCUSIF Deposit | 1,773,341 |
All Other Assets | 265,508 |
TOTAL ASSETS | 240,482,621 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 30,000,000 |
Accounts Payable & Other Liabilities | 4,001,727 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 47,620,729 |
Regular shares | 72,011,381 |
All Other Shares & Deposits | 67,809,810 |
TOTAL SHARES & DEPOSITS | 187,441,920 |
TOTAL LIABILITIES | 221,443,647 |
Regular Reserve | 0 |
Other Reserves | -44,700 |
Undivided Earnings | 19,083,674 |
TOTAL EQUITY | 19,038,974 |
TOTAL LIABILITIES, SHARES, & EQUITY | 240,482,621 |
INCOME & EXPENSE | |
Loan Income | 11,208,651 |
Investment Income | 946,699 |
Other Income | 1,374,792 |
Total Employee Compensation & Benefits | 5,436,268 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,374,129 |
Non-operating Income & (Expense) | -39,692 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,911,424 |
Cost of Funds | 2,703,541 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -349,432 |
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