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ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION

Jun, 30, 2024 — ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 2 branch locations and about $314.24 million in total assets. Opened 87 years ago in 1938, ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION has about 13,808 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION
Address:
(Main Office)
700 W 39th Ave
DENVER, CO 80216
Phone:(303) 458-6660
Fax:(303) 480-1921
Website:https://www.rmlefcu.org
Branches:2 branch locations
Members:13,808
Credit Union Type:Federal Credit Union
Charter Number:2847
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1938
Last Audited:Dec 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$314,241,140
CEO/Manager:Christine Wiley
Chairperson:Tom Cornelius

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 29,823,269
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 148,137,908
 Unsecured Loans 15,321,857
 Other Loans 52,301,081
 TOTAL LOANS 215,760,846
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -555,059
 Land And Building 7,855,660
 Other Fixed Assets 1,527,323
 NCUSIF Deposit 2,338,775
 All Other Assets 0
  TOTAL ASSETS 314,241,140
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 4,673,106
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 62,232,151
 Regular shares 80,505,889
 All Other Shares & Deposits 120,321,724
  TOTAL SHARES & DEPOSITS 263,059,764
  TOTAL LIABILITIES 267,732,870
 Regular Reserve 0
 Other Reserves 1,576,452
 Undivided Earnings 44,931,818
  TOTAL EQUITY 46,508,270
  TOTAL LIABILITIES, SHARES, & EQUITY 314,241,140
INCOME & EXPENSE  
 Loan Income 6,042,935
 Investment Income 807,171
 Other Income 1,127,009
 Total Employee Compensation & Benefits 3,216,652
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,323,638
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 63,029
 Cost of Funds 736,177
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,883,064
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