Dec, 31, 2023 — WELD COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in GREELEY, CO with 1 branch location and about $108.22 million in total assets. Opened 88 years ago in 1936, WELD COMMUNITY CREDIT UNION has about 7,411 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WELD COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 2555 47th Ave GREELEY, CO 80634-3722 |
| Phone: | (970) 330-9728 |
| Fax: | (970) 330-1668 |
| Website: | https://www.weldccu.com |
| Branches: | 1 branch locations |
| Members: | 7,411 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63122 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $108,218,187 |
| CEO/Manager: | David L Brown |
| Chairperson: | Jerry Clark |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,413,864 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,832,253 |
| Unsecured Loans | 2,327,501 |
| Other Loans | 44,502,094 |
| TOTAL LOANS | 72,661,848 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -425,805 |
| Land And Building | 1,202,380 |
| Other Fixed Assets | 31,152 |
| NCUSIF Deposit | 1,025,479 |
| All Other Assets | 0 |
| TOTAL ASSETS | 108,218,187 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 910,853 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,211,223 |
| Regular shares | 47,702,386 |
| All Other Shares & Deposits | 24,629,854 |
| TOTAL SHARES & DEPOSITS | 97,543,463 |
| TOTAL LIABILITIES | 98,454,316 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,763,871 |
| TOTAL EQUITY | 9,763,871 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 108,218,187 |
| INCOME & EXPENSE | |
| Loan Income | 3,486,821 |
| Investment Income | 782,152 |
| Other Income | 323,138 |
| Total Employee Compensation & Benefits | 1,850,340 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,662,327 |
| Non-operating Income & (Expense) | -34 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 202,121 |
| Cost of Funds | 233,528 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,118,832 |
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