Dec, 31, 2023 — RED ROCKS CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 2 branch locations and about $326.46 million in total assets. Opened 45 years ago in 1979, RED ROCKS CREDIT UNION has about 17,464 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | RED ROCKS CREDIT UNION |
|---|---|
| Address: (Main Office) | 8195 Southpark Ln LITTLETON, CO 80120-4520 |
| Phone: | (303) 471-7625 |
| Fax: | (303) 471-7690 |
| Website: | https://www.redrocks.org |
| Branches: | 2 branch locations |
| Members: | 17,464 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68560 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1979 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $326,455,758 |
| CEO/Manager: | Darius Wise |
| Chairperson: | Joeri Carty |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 24,008,796 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 201,840,987 |
| Unsecured Loans | 27,013,954 |
| Other Loans | 37,224,434 |
| TOTAL LOANS | 266,079,375 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,047,217 |
| Land And Building | 10,328,950 |
| Other Fixed Assets | 1,558,810 |
| NCUSIF Deposit | 2,737,407 |
| All Other Assets | 120,408 |
| TOTAL ASSETS | 326,455,758 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 15,000,000 |
| Accounts Payable & Other Liabilities | 2,414,165 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 53,268,563 |
| Regular shares | 143,433,138 |
| All Other Shares & Deposits | 83,691,568 |
| TOTAL SHARES & DEPOSITS | 280,393,269 |
| TOTAL LIABILITIES | 297,816,540 |
| Regular Reserve | 0 |
| Other Reserves | -2,390,314 |
| Undivided Earnings | 31,029,532 |
| TOTAL EQUITY | 28,639,218 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 326,455,758 |
| INCOME & EXPENSE | |
| Loan Income | 16,222,727 |
| Investment Income | 1,673,213 |
| Other Income | 725,759 |
| Total Employee Compensation & Benefits | 5,628,440 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,604,842 |
| Non-operating Income & (Expense) | 295,817 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,256,765 |
| Cost of Funds | 4,873,475 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 320,100 |
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