Dec, 31, 2023 — AKRON FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, CO with 1 branch location and about $592,911 in total assets. Opened 69 years ago in 1955, AKRON FEDERAL CREDIT UNION has about 264 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | AKRON FEDERAL CREDIT UNION |
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Address: (Main Office) | 170 Main Ave AKRON, CO 80720-1442 |
Phone: | (970) 345-2623 |
Fax: | (970) 345-2623 |
Website: | n/a |
Branches: | 1 branch locations |
Members: | 264 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10253 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $592,911 |
CEO/Manager: | Lori G Arnold |
Chairperson: | James Thompson |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,053 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 2,054 |
Other Loans | 498,574 |
TOTAL LOANS | 500,628 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,847 |
Land And Building | 0 |
Other Fixed Assets | 974 |
NCUSIF Deposit | 6,240 |
All Other Assets | 0 |
TOTAL ASSETS | 592,911 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,596 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 513,315 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 513,315 |
TOTAL LIABILITIES | 514,911 |
Regular Reserve | 0 |
Other Reserves | 30,163 |
Undivided Earnings | 47,837 |
TOTAL EQUITY | 78,000 |
TOTAL LIABILITIES, SHARES, & EQUITY | 592,911 |
INCOME & EXPENSE | |
Loan Income | 30,244 |
Investment Income | 261 |
Other Income | 3,230 |
Total Employee Compensation & Benefits | 20,359 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,742 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,919 |
Cost of Funds | 1,129 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -3,232 |
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