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ELEVATIONS CREDIT UNION

Dec, 31, 2023 — ELEVATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in BOULDER, CO with 14 branch locations and about $3.41 billion in total assets. Opened 72 years ago in 1952, ELEVATIONS CREDIT UNION has about 177,943 members and employs 587 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 307074580
Name:ELEVATIONS CREDIT UNION
Address:
(Main Office)
2960 Diagonal Highway
BOULDER, CO 80301-1412
Phone:(303) 443-4672
Fax:(303) 443-0387
Website:https://www.elevationscu.com
Branches:14 branch locations
Members:177,943
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68565
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Dec 01, 2022
FHLB Member:Yes
Low Income Designation:No
Assets:$3,411,283,820
CEO/Manager:Gerry Agnes
Chairperson:Don Cheyne

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 95,733,702
TOTAL INVESTMENTS 0
Loans Held for Sale 7,028,696
 
 Real Estate Loans 2,272,759,441
 Unsecured Loans 88,066,855
 Other Loans 133,167,413
 TOTAL LOANS 2,493,993,709
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -18,709,841
 Land And Building 53,375,223
 Other Fixed Assets 8,634,536
 NCUSIF Deposit 24,214,454
 All Other Assets 10,437
  TOTAL ASSETS 3,411,283,820
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 398,159,000
 Accounts Payable & Other Liabilities 137,265,570
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 815,965,351
 Regular shares 803,811,831
 All Other Shares & Deposits 941,150,631
  TOTAL SHARES & DEPOSITS 2,560,927,812
  TOTAL LIABILITIES 3,100,145,933
 Regular Reserve 0
 Other Reserves -4,195,396
 Undivided Earnings 315,333,283
  TOTAL EQUITY 311,137,887
  TOTAL LIABILITIES, SHARES, & EQUITY 3,411,283,820
INCOME & EXPENSE  
 Loan Income 119,847,098
 Investment Income 27,966,170
 Other Income 7,922,481
 Total Employee Compensation & Benefits 75,852,003
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 54,426,735
 Non-operating Income & (Expense) 1,613,268
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,883,594
 Cost of Funds 30,371,150
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 28,020,983
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