Dec, 31, 2023 — SUNWEST CREDIT UNION is a federally insured state chartered credit union headquartered in PUEBLO, CO with 3 branch locations and about $208.55 million in total assets. Opened 89 years ago in 1935, SUNWEST CREDIT UNION has about 11,529 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SUNWEST CREDIT UNION |
|---|---|
| Address: (Main Office) | 4141 Sovereign Cir PUEBLO, CO 81005 |
| Phone: | (719) 561-0804 |
| Fax: | (719) 560-1620 |
| Website: | https://sunwestecu.com |
| Branches: | 3 branch locations |
| Members: | 11,529 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65082 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $208,549,423 |
| CEO/Manager: | Leslie R Shepard |
| Chairperson: | David A Niccoli |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,201,030 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 75,927,616 |
| Unsecured Loans | 9,028,086 |
| Other Loans | 55,350,957 |
| TOTAL LOANS | 140,306,659 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,879,596 |
| Land And Building | 4,001,985 |
| Other Fixed Assets | 491,919 |
| NCUSIF Deposit | 1,681,279 |
| All Other Assets | 0 |
| TOTAL ASSETS | 208,549,423 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,755,603 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,878,826 |
| Regular shares | 52,167,452 |
| All Other Shares & Deposits | 109,718,092 |
| TOTAL SHARES & DEPOSITS | 187,764,370 |
| TOTAL LIABILITIES | 189,567,727 |
| Regular Reserve | 0 |
| Other Reserves | -3,265,389 |
| Undivided Earnings | 22,247,085 |
| TOTAL EQUITY | 18,981,696 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 208,549,423 |
| INCOME & EXPENSE | |
| Loan Income | 6,995,773 |
| Investment Income | 1,368,497 |
| Other Income | 568,901 |
| Total Employee Compensation & Benefits | 2,814,902 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,096,058 |
| Non-operating Income & (Expense) | 60,306 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 646,678 |
| Cost of Funds | 1,778,313 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,820,720 |
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