Jun, 30, 2024 — CREDIT UNION OF COLORADO is a federal credit union headquartered in DENVER, CO with 18 branch locations and about $2.37 billion in total assets. Opened 91 years ago in 1934, CREDIT UNION OF COLORADO has about 155,056 members and employs 382 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF COLORADO |
|---|---|
| Address: (Main Office) | 1390 N Logan St DENVER, CO 80203-2309 |
| Phone: | (303) 832-4816 |
| Fax: | (303) 812-1897 |
| Website: | https://www.cuofco.org |
| Branches: | 18 branch locations |
| Members: | 155,056 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24854 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,370,539,004 |
| CEO/Manager: | Terry Leis |
| Chairperson: | Will Fleckenstein |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 122,159,493 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 684,625,435 |
| Unsecured Loans | 128,676,467 |
| Other Loans | 632,761,361 |
| TOTAL LOANS | 1,446,063,263 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,404,041 |
| Land And Building | 39,000,641 |
| Other Fixed Assets | 23,807,662 |
| NCUSIF Deposit | 19,605,184 |
| All Other Assets | 237,327 |
| TOTAL ASSETS | 2,370,539,004 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 22,506,387 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 505,835,398 |
| Regular shares | 818,445,205 |
| All Other Shares & Deposits | 826,522,733 |
| TOTAL SHARES & DEPOSITS | 2,150,803,336 |
| TOTAL LIABILITIES | 2,173,309,723 |
| Regular Reserve | 0 |
| Other Reserves | -14,020,283 |
| Undivided Earnings | 211,249,564 |
| TOTAL EQUITY | 197,229,281 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,370,539,004 |
| INCOME & EXPENSE | |
| Loan Income | 39,607,116 |
| Investment Income | 11,498,225 |
| Other Income | 4,960,187 |
| Total Employee Compensation & Benefits | 28,372,960 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,644,201 |
| Non-operating Income & (Expense) | -5,352 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,065,061 |
| Cost of Funds | 7,290,724 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,613,234 |
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