Sep, 30, 2025 — CANOPY FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 4 branch locations and about $229.38 million in total assets. Opened 70 years ago in 1956, CANOPY FEDERAL CREDIT UNION has about 13,425 members and employs 58 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANOPY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 W Mallon Ave SPOKANE, WA 99201 |
| Phone: | (509) 328-2900 |
| Fax: | (509) 323-1348 |
| Website: | https://www.canopycu.com |
| Branches: | 4 branch locations |
| Members: | 13,425 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11162 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $229,379,777 |
| CEO/Manager: | Charlotte Nemec |
| Chairperson: | Sherri Lynch |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 35,184,689 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 102,217,072 |
| Unsecured Loans | 10,967,338 |
| Other Loans | 63,487,296 |
| TOTAL LOANS | 176,671,706 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,980,357 |
| Land And Building | 5,186,404 |
| Other Fixed Assets | 793,452 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,849,040 |
| All Other Assets | 524,690 |
| TOTAL ASSETS | 229,379,777 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 12,000,000 |
| Accounts Payable & Other Liabilities | 3,345,179 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 52,381,449 |
| Regular shares | 77,675,821 |
| All Other Shares & Deposits | 63,714,787 |
| TOTAL SHARES & DEPOSITS | 193,772,058 |
| TOTAL LIABILITIES | 209,117,237 |
| Regular Reserve | 0 |
| Other Reserves | -14,470 |
| Undivided Earnings | 20,277,010 |
| TOTAL EQUITY | 20,262,540 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 229,379,777 |
| INCOME & EXPENSE | |
| Loan Income | 8,760,562 |
| Investment Income | 1,298,421 |
| Other Income | 1,228,468 |
| Total Employee Compensation & Benefits | 4,265,753 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,999,559 |
| Non-operating Income & (Expense) | -56,434 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,738,483 |
| Cost of Funds | 2,611,894 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 296,312 |
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