Sep, 30, 2025 — COBALT FEDERAL CREDIT UNION is a federal credit union headquartered in PAPILLION, NE with 21 branch locations and about $1.31 billion in total assets. Opened 80 years ago in 1946, COBALT FEDERAL CREDIT UNION has about 115,753 members and employs 247 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COBALT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 7148 Towne Center Pkwy PAPILLION, NE 68046 |
| Phone: | (402) 292-8000 |
| Fax: | (402) 829-0149 |
| Website: | https://www.cobaltcu.com |
| Branches: | 21 branch locations |
| Members: | 115,753 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24917 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,310,587,869 |
| CEO/Manager: | Robin Larsen |
| Chairperson: | Julia Cronin-Gilmore |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,109,257 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 851,520 |
| Real Estate Loans | 498,830,454 |
| Unsecured Loans | 99,913,470 |
| Other Loans | 437,663,661 |
| TOTAL LOANS | 1,036,407,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,423,083 |
| Land And Building | 31,154,910 |
| Other Fixed Assets | 14,519,614 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,808,328 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,310,587,869 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 148,658 |
| Notes & Interest Payable | 44,409,998 |
| Accounts Payable & Other Liabilities | 23,729,471 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 244,859,245 |
| Regular shares | 212,148,682 |
| All Other Shares & Deposits | 673,573,890 |
| TOTAL SHARES & DEPOSITS | 1,130,581,817 |
| TOTAL LIABILITIES | 1,199,041,949 |
| Regular Reserve | 0 |
| Other Reserves | -3,753,435 |
| Undivided Earnings | 115,299,355 |
| TOTAL EQUITY | 111,545,920 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,310,587,869 |
| INCOME & EXPENSE | |
| Loan Income | 48,157,644 |
| Investment Income | 8,212,912 |
| Other Income | 7,089,682 |
| Total Employee Compensation & Benefits | 17,741,350 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 19,785,556 |
| Non-operating Income & (Expense) | 4,430,630 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,828,950 |
| Cost of Funds | 19,393,333 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,201,144 |
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