Dec, 31, 2023 — COMMUNITY CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in COMMERCE CITY, CO with 2 branch locations and about $98.89 million in total assets. Opened 72 years ago in 1952, COMMUNITY CHOICE CREDIT UNION has about 6,947 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COMMUNITY CHOICE CREDIT UNION |
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Address: (Main Office) | 6921 E 72nd Ave COMMERCE CITY, CO 80022-2105 |
Phone: | (303) 287-8025 |
Fax: | (303) 287-5803 |
Website: | https://www.yourbetterbankingchoice.com/ |
Branches: | 2 branch locations |
Members: | 6,947 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66012 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $98,890,399 |
CEO/Manager: | Rainy L Thoen |
Chairperson: | Debra Larsen |
ASSETS: | $ Amount |
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Cash & Equivalents | 10,503,967 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 28,105,807 |
Unsecured Loans | 1,550,464 |
Other Loans | 18,865,387 |
TOTAL LOANS | 48,521,658 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,756,249 |
Land And Building | 1,201,806 |
Other Fixed Assets | 160,913 |
NCUSIF Deposit | 777,487 |
All Other Assets | 9,500 |
TOTAL ASSETS | 98,890,399 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,895,680 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 16,239,911 |
Regular shares | 27,174,209 |
All Other Shares & Deposits | 37,158,993 |
TOTAL SHARES & DEPOSITS | 80,573,113 |
TOTAL LIABILITIES | 84,468,793 |
Regular Reserve | 0 |
Other Reserves | 6,580,737 |
Undivided Earnings | 7,840,869 |
TOTAL EQUITY | 14,421,606 |
TOTAL LIABILITIES, SHARES, & EQUITY | 98,890,399 |
INCOME & EXPENSE | |
Loan Income | 2,570,705 |
Investment Income | 987,280 |
Other Income | 460,008 |
Total Employee Compensation & Benefits | 1,768,787 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,373,150 |
Non-operating Income & (Expense) | 200,352 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,738 |
Cost of Funds | 746,891 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 992,709 |
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