Dec, 31, 2023 — ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION is a federal credit union headquartered in DENVER, CO with 2 branch locations and about $321.87 million in total assets. Opened 86 years ago in 1938, ROCKY MOUNTAIN LAW ENFORCEMENT FEDERAL CREDIT UNION has about 13,706 members and employs 37 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: | 13,706 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $321,870,711 |
| CEO/Manager: | Christine Wiley |
| Chairperson: | Tom Cornelius |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,290,684 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 160,470,007 |
| Unsecured Loans | 15,792,125 |
| Other Loans | 44,490,676 |
| TOTAL LOANS | 220,752,808 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -704,640 |
| Land And Building | 7,283,316 |
| Other Fixed Assets | 1,425,313 |
| NCUSIF Deposit | 2,371,000 |
| All Other Assets | 0 |
| TOTAL ASSETS | 321,870,711 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,713,121 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 55,653,712 |
| Regular shares | 57,172,998 |
| All Other Shares & Deposits | 152,682,163 |
| TOTAL SHARES & DEPOSITS | 265,508,874 |
| TOTAL LIABILITIES | 269,221,995 |
| Regular Reserve | 0 |
| Other Reserves | 550,744 |
| Undivided Earnings | 52,097,972 |
| TOTAL EQUITY | 52,648,716 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 321,870,711 |
| INCOME & EXPENSE | |
| Loan Income | 13,435,984 |
| Investment Income | 2,431,802 |
| Other Income | 1,264,212 |
| Total Employee Compensation & Benefits | 4,839,360 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,110,133 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 337,453 |
| Cost of Funds | 4,439,214 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,121,944 |
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