Dec, 31, 2023 — ELKO FEDERAL CREDIT UNION is a federal credit union headquartered in ELKO, NV with 2 branch locations and about $268.59 million in total assets. Opened 64 years ago in 1960, ELKO FEDERAL CREDIT UNION has about 17,066 members and employs 52 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELKO FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 2397 Mountain City Hwy ELKO, NV 89801 |
Phone: | (775) 738-4083 |
Fax: | (775) 738-2582 |
Website: | https://www.elkofcu.org |
Branches: | 2 branch locations |
Members: | 17,066 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 13800 |
---|---|
Membership Type: | Community - Rural District |
Corporate Credit Union: | No |
Year Opened: | 1960 |
Last Audited: | Apr 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $268,594,124 |
CEO/Manager: | Todd D Sorenson |
Chairperson: | Thomas C Ballew |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 42,183,152 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 90,628,181 |
Unsecured Loans | 3,500,318 |
Other Loans | 87,848,876 |
TOTAL LOANS | 181,977,375 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -361,344 |
Land And Building | 7,900,912 |
Other Fixed Assets | 1,936,817 |
NCUSIF Deposit | 2,144,721 |
All Other Assets | 0 |
TOTAL ASSETS | 268,594,124 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,225,216 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 56,267,898 |
Regular shares | 130,221,625 |
All Other Shares & Deposits | 48,646,745 |
TOTAL SHARES & DEPOSITS | 235,136,268 |
TOTAL LIABILITIES | 236,361,484 |
Regular Reserve | 0 |
Other Reserves | 16,052 |
Undivided Earnings | 32,216,588 |
TOTAL EQUITY | 32,232,640 |
TOTAL LIABILITIES, SHARES, & EQUITY | 268,594,124 |
INCOME & EXPENSE | |
Loan Income | 8,792,140 |
Investment Income | 2,914,037 |
Other Income | 1,419,374 |
Total Employee Compensation & Benefits | 3,805,005 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,501,710 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 120,000 |
Cost of Funds | 1,917,025 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,581,616 |
↑ Back to Top |
» See also Statement of Financial Condition