Dec, 31, 2023 — OPTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 1 branch location and about $5.48 million in total assets. Opened 45 years ago in 1979, OPTIONS CREDIT UNION has about 694 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | OPTIONS CREDIT UNION |
|---|---|
| Address: (Main Office) | 5935 S Zang St LITTLETON, CO 80127 |
| Phone: | (303) 860-1117 |
| Fax: | (303) 845-9776 |
| Website: | https://www.optionscreditunion.com |
| Branches: | 1 branch locations |
| Members: | 694 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65111 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $5,480,692 |
| CEO/Manager: | Sherry Espinoza |
| Chairperson: | Dawn McKnight |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 551,175 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 1,712,444 |
| Unsecured Loans | 575,356 |
| Other Loans | 2,530,854 |
| TOTAL LOANS | 4,818,653 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,555 |
| Land And Building | 0 |
| Other Fixed Assets | 3,404 |
| NCUSIF Deposit | 46,163 |
| All Other Assets | 0 |
| TOTAL ASSETS | 5,480,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 33,183 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,226,322 |
| Regular shares | 1,635,503 |
| All Other Shares & Deposits | 2,138,018 |
| TOTAL SHARES & DEPOSITS | 4,999,843 |
| TOTAL LIABILITIES | 5,033,026 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 447,666 |
| TOTAL EQUITY | 447,666 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 5,480,692 |
| INCOME & EXPENSE | |
| Loan Income | 277,845 |
| Investment Income | 13,817 |
| Other Income | 35,527 |
| Total Employee Compensation & Benefits | 127,744 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 175,537 |
| Non-operating Income & (Expense) | 1,124 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,623 |
| Cost of Funds | 49,222 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,558 |
| ↑ Back to Top | |