Dec, 31, 2023 — ON TAP CREDIT UNION is a federally insured state chartered credit union headquartered in GOLDEN, CO with 2 branch locations and about $394.58 million in total assets. Opened 74 years ago in 1950, ON TAP CREDIT UNION has about 19,061 members and employs 72 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ON TAP CREDIT UNION |
|---|---|
| Address: (Main Office) | 4690 Table Mountain Dr GOLDEN, CO 80403 |
| Phone: | (303) 279-6414 |
| Fax: | |
| Website: | https://www.ontapcu.org |
| Branches: | 2 branch locations |
| Members: | 19,061 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64913 |
|---|---|
| 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: | $394,583,842 |
| CEO/Manager: | Tracie Wilcox |
| Chairperson: | Kirsten Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 37,973,098 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 338,680 |
| Real Estate Loans | 222,674,319 |
| Unsecured Loans | 18,140,485 |
| Other Loans | 77,605,692 |
| TOTAL LOANS | 318,420,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,465,254 |
| Land And Building | 2,430,777 |
| Other Fixed Assets | 1,049,545 |
| NCUSIF Deposit | 2,939,857 |
| All Other Assets | 74,075 |
| TOTAL ASSETS | 394,583,842 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,769 |
| Notes & Interest Payable | 37,070,600 |
| Accounts Payable & Other Liabilities | 3,930,331 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 69,766,711 |
| Regular shares | 110,836,497 |
| All Other Shares & Deposits | 140,998,650 |
| TOTAL SHARES & DEPOSITS | 321,601,858 |
| TOTAL LIABILITIES | 362,605,558 |
| Regular Reserve | 0 |
| Other Reserves | -4,261,650 |
| Undivided Earnings | 36,239,934 |
| TOTAL EQUITY | 31,978,284 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 394,583,842 |
| INCOME & EXPENSE | |
| Loan Income | 14,720,007 |
| Investment Income | 1,792,260 |
| Other Income | 1,771,231 |
| Total Employee Compensation & Benefits | 6,735,269 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,502,516 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,003,909 |
| Cost of Funds | 4,336,112 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,813,822 |
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