Dec, 31, 2023 — CREDIT UNION OF COLORADO is a federal credit union headquartered in DENVER, CO with 19 branch locations and about $2.84 billion in total assets. Opened 90 years ago in 1934, CREDIT UNION OF COLORADO has about 168,332 members and employs 404 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 |
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Address: (Main Office) | 8959 E 40th Ave DENVER, CO 80238 |
Phone: | (303) 832-4816 |
Fax: | |
Website: | https://www.cuofco.org |
Branches: | 19 branch locations |
Members: | 168,332 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24854 |
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Membership Type: | Multiple common bond - Primarily federal, state, local government |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,836,835,046 |
CEO/Manager: | Phil Smith |
Chairperson: | Will Fleckenstein |
ASSETS: | $ Amount |
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Cash & Equivalents | 86,615,945 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 785,581,189 |
Unsecured Loans | 139,947,990 |
Other Loans | 741,847,154 |
TOTAL LOANS | 1,667,376,333 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,140,979 |
Land And Building | 75,246,477 |
Other Fixed Assets | 7,899,518 |
NCUSIF Deposit | 19,332,549 |
All Other Assets | 1,368,710 |
TOTAL ASSETS | 2,836,835,046 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 465,050,000 |
Accounts Payable & Other Liabilities | 50,224,084 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 484,549,965 |
Regular shares | 646,701,780 |
All Other Shares & Deposits | 976,838,856 |
TOTAL SHARES & DEPOSITS | 2,108,090,601 |
TOTAL LIABILITIES | 2,623,364,685 |
Regular Reserve | 0 |
Other Reserves | -10,145,199 |
Undivided Earnings | 223,615,560 |
TOTAL EQUITY | 213,470,361 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,836,835,046 |
INCOME & EXPENSE | |
Loan Income | 85,953,009 |
Investment Income | 62,767,479 |
Other Income | 6,548,681 |
Total Employee Compensation & Benefits | 41,504,339 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 43,430,884 |
Non-operating Income & (Expense) | 6,870 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,328,626 |
Cost of Funds | 66,415,833 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,551,716 |
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