Dec, 31, 2023 — PREMIER MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in BOULDER, CO with 18 branch locations and about $1.74 billion in total assets. Opened 74 years ago in 1950, PREMIER MEMBERS CREDIT UNION has about 77,211 members and employs 308 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PREMIER MEMBERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 5505 Arapahoe Ave BOULDER, CO 80303 |
| Phone: | (303) 442-8850 |
| Fax: | (303) 440-0838 |
| Website: | https://www.pmcu.org |
| Branches: | 18 branch locations |
| Members: | 77,211 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62574 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,743,952,551 |
| CEO/Manager: | Carlos Pacheco |
| Chairperson: | Michael Meyers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 95,381,829 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 994,194,599 |
| Unsecured Loans | 30,558,076 |
| Other Loans | 289,969,920 |
| TOTAL LOANS | 1,314,722,595 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,153,723 |
| Land And Building | 34,354,112 |
| Other Fixed Assets | 5,576,304 |
| NCUSIF Deposit | 12,958,706 |
| All Other Assets | 948,905 |
| TOTAL ASSETS | 1,743,952,551 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 173,527,700 |
| Accounts Payable & Other Liabilities | 19,259,151 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 277,071,869 |
| Regular shares | 181,631,610 |
| All Other Shares & Deposits | 957,929,979 |
| TOTAL SHARES & DEPOSITS | 1,416,633,458 |
| TOTAL LIABILITIES | 1,609,420,309 |
| Regular Reserve | 0 |
| Other Reserves | 41,542,463 |
| Undivided Earnings | 92,989,779 |
| TOTAL EQUITY | 134,532,242 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,743,952,551 |
| INCOME & EXPENSE | |
| Loan Income | 63,587,346 |
| Investment Income | 10,166,642 |
| Other Income | 4,573,446 |
| Total Employee Compensation & Benefits | 31,236,564 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,503,727 |
| Non-operating Income & (Expense) | 1,821,019 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,426,083 |
| Cost of Funds | 26,030,165 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,836,678 |
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