Jun, 30, 2024 — AKRON FEDERAL CREDIT UNION is a federal credit union headquartered in AKRON, CO with 1 branch location and about $713,364 in total assets. Opened 70 years ago in 1955, AKRON FEDERAL CREDIT UNION has about 283 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AKRON FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 170 Main Ave AKRON, CO 80720-1442 |
| Phone: | (970) 345-2623 |
| Fax: | (970) 345-2623 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 283 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 10253 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $713,364 |
| CEO/Manager: | Lori G Arnold |
| Chairperson: | James Thompson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,544 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 1,401 |
| Other Loans | 525,413 |
| TOTAL LOANS | 526,814 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,352 |
| Land And Building | 0 |
| Other Fixed Assets | 1,226 |
| NCUSIF Deposit | 6,828 |
| All Other Assets | 0 |
| TOTAL ASSETS | 713,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 596 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 631,027 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 631,027 |
| TOTAL LIABILITIES | 631,623 |
| Regular Reserve | 0 |
| Other Reserves | 30,163 |
| Undivided Earnings | 51,578 |
| TOTAL EQUITY | 81,741 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 713,364 |
| INCOME & EXPENSE | |
| Loan Income | 22,425 |
| Investment Income | 107 |
| Other Income | 2,664 |
| Total Employee Compensation & Benefits | 14,477 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,443 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 97 |
| Cost of Funds | 650 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,812 |
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