Dec, 31, 2023 — CANVAS CREDIT UNION is a federally insured state chartered credit union headquartered in LONE TREE, CO with 34 branch locations and about $4.37 billion in total assets. Opened 86 years ago in 1938, CANVAS CREDIT UNION has about 293,966 members and employs 733 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANVAS CREDIT UNION |
|---|---|
| Address: (Main Office) | 9990 Park Meadows Dr LONE TREE, CO 80124-6739 |
| Phone: | (303) 691-2345 |
| Fax: | |
| Website: | https://www.canvas.org/ |
| Branches: | 34 branch locations |
| Members: | 293,966 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64778 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,370,149,465 |
| CEO/Manager: | Todd Marksberry |
| Chairperson: | Tom Lash |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 144,099,570 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,277,675 |
| Real Estate Loans | 1,759,182,869 |
| Unsecured Loans | 136,532,347 |
| Other Loans | 2,030,745,885 |
| TOTAL LOANS | 3,926,461,100 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -67,958,798 |
| Land And Building | 80,587,582 |
| Other Fixed Assets | 20,033,942 |
| NCUSIF Deposit | 35,757,505 |
| All Other Assets | 3,507,596 |
| TOTAL ASSETS | 4,370,149,465 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 483,481 |
| Notes & Interest Payable | 20,000,000 |
| Accounts Payable & Other Liabilities | 42,903,280 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 633,574,701 |
| Regular shares | 413,218,541 |
| All Other Shares & Deposits | 2,848,999,271 |
| TOTAL SHARES & DEPOSITS | 3,895,792,513 |
| TOTAL LIABILITIES | 3,959,179,274 |
| Regular Reserve | 0 |
| Other Reserves | 4,387,514 |
| Undivided Earnings | 406,582,677 |
| TOTAL EQUITY | 410,970,191 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,370,149,465 |
| INCOME & EXPENSE | |
| Loan Income | 244,344,368 |
| Investment Income | 8,981,919 |
| Other Income | 18,207,366 |
| Total Employee Compensation & Benefits | 84,135,188 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 65,828,893 |
| Non-operating Income & (Expense) | -342,063 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 46,055,650 |
| Cost of Funds | 80,465,530 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,508,987 |
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