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AKRON FEDERAL CREDIT UNION

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
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
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

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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