Dec, 31, 2022 — CANOPY FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 4 branch locations and about $209.23 million in total assets. Opened 67 years ago in 1956, CANOPY FEDERAL CREDIT UNION has about 13,125 members and employs 63 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: | 13,125 |
| 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: | Aug 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $209,230,671 |
| CEO/Manager: | Charlotte Nemec |
| Chairperson: | Mark Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,211,495 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 96,973,175 |
| Unsecured Loans | 12,532,270 |
| Other Loans | 64,120,970 |
| TOTAL LOANS | 173,626,415 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,388,995 |
| Land And Building | 5,117,628 |
| Other Fixed Assets | 1,474,040 |
| NCUSIF Deposit | 1,749,256 |
| All Other Assets | 65,096 |
| TOTAL ASSETS | 209,230,671 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 20,809 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,856,495 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 46,999,979 |
| Regular shares | 87,167,951 |
| All Other Shares & Deposits | 53,416,244 |
| TOTAL SHARES & DEPOSITS | 187,584,174 |
| TOTAL LIABILITIES | 191,461,478 |
| Regular Reserve | 0 |
| Other Reserves | -74,294 |
| Undivided Earnings | 17,843,487 |
| TOTAL EQUITY | 17,769,193 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 209,230,671 |
| INCOME & EXPENSE | |
| Loan Income | 5,598,801 |
| Investment Income | 261,943 |
| Other Income | 1,018,103 |
| Total Employee Compensation & Benefits | 3,792,154 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,276,833 |
| Non-operating Income & (Expense) | -69,097 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 915,765 |
| Cost of Funds | 205,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 912,922 |
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