Dec, 31, 2023 — AURORA FEDERAL CREDIT UNION is a federal credit union headquartered in AURORA, CO with 2 branch locations and about $123.12 million in total assets. Opened 56 years ago in 1968, AURORA FEDERAL CREDIT UNION has about 7,497 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AURORA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 610 S Abilene St AURORA, CO 80012 |
| Phone: | (303) 755-2572 |
| Fax: | (303) 755-9998 |
| Website: | https://www.auroracu.com |
| Branches: | 2 branch locations |
| Members: | 7,497 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18574 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $123,123,530 |
| CEO/Manager: | Charles C Watts |
| Chairperson: | Mark Stephenson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,335,442 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 41,281,385 |
| Unsecured Loans | 4,441,985 |
| Other Loans | 17,431,087 |
| TOTAL LOANS | 63,154,456 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -591,758 |
| Land And Building | 4,933,813 |
| Other Fixed Assets | 185,475 |
| NCUSIF Deposit | 972,598 |
| All Other Assets | 606,041 |
| TOTAL ASSETS | 123,123,530 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 237,775 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 19,341,231 |
| Regular shares | 35,912,398 |
| All Other Shares & Deposits | 44,455,392 |
| TOTAL SHARES & DEPOSITS | 99,709,021 |
| TOTAL LIABILITIES | 99,966,661 |
| Regular Reserve | 0 |
| Other Reserves | -261,682 |
| Undivided Earnings | 23,418,551 |
| TOTAL EQUITY | 23,156,869 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 123,123,530 |
| INCOME & EXPENSE | |
| Loan Income | 3,317,998 |
| Investment Income | 2,067,249 |
| Other Income | 250,056 |
| Total Employee Compensation & Benefits | 1,652,431 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,162,885 |
| Non-operating Income & (Expense) | -6,615 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 175,987 |
| Cost of Funds | 808,467 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,422,330 |
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