Dec, 31, 2023 — COCHISE CREDIT UNION is a federally insured state chartered credit union headquartered in WILLCOX, AZ with 1 branch location and about $58.51 million in total assets. Opened 66 years ago in 1958, COCHISE CREDIT UNION has about 5,323 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COCHISE CREDIT UNION |
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Address: (Main Office) | 170 N Haskell Ave WILLCOX, AZ 85643 |
Phone: | (520) 384-2822 |
Fax: | (520) 384-0571 |
Website: | https://www.cochisecu.com |
Branches: | 1 branch locations |
Members: | 5,323 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60151 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1958 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $58,510,435 |
CEO/Manager: | Shelley A Thompson |
Chairperson: | Troy Judd |
ASSETS: | $ Amount |
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Cash & Equivalents | 2,042,214 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 4,315,621 |
Unsecured Loans | 3,027,678 |
Other Loans | 35,400,634 |
TOTAL LOANS | 42,743,933 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -140,402 |
Land And Building | 3,286,980 |
Other Fixed Assets | 233,313 |
NCUSIF Deposit | 467,699 |
All Other Assets | 0 |
TOTAL ASSETS | 58,510,435 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,249 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 122,763 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 11,448,344 |
Regular shares | 26,192,531 |
All Other Shares & Deposits | 11,162,972 |
TOTAL SHARES & DEPOSITS | 48,803,847 |
TOTAL LIABILITIES | 48,930,859 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 9,579,576 |
TOTAL EQUITY | 9,579,576 |
TOTAL LIABILITIES, SHARES, & EQUITY | 58,510,435 |
INCOME & EXPENSE | |
Loan Income | 2,199,491 |
Investment Income | 273,712 |
Other Income | 205,376 |
Total Employee Compensation & Benefits | 731,675 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 833,777 |
Non-operating Income & (Expense) | 7,836 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 50,000 |
Cost of Funds | 222,145 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,244,478 |
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