Dec, 31, 2023 — COTTONWOOD COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in COTTONWOOD, ID with 7 branch locations and about $239.28 million in total assets. Opened 82 years ago in 1942, COTTONWOOD COMMUNITY FEDERAL CREDIT UNION has about 9,763 members and employs 44 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | COTTONWOOD COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 1606 Lewiston St COTTONWOOD, ID 83522 |
Phone: | (208) 962-3451 |
Fax: | (208) 962-7310 |
Website: | https://www.ccfcu.co |
Branches: | 7 branch locations |
Members: | 9,763 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4960 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $239,281,966 |
CEO/Manager: | Clinton J Holthaus |
Chairperson: | Brandy McElroy |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,299,190 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 91,261,647 |
Unsecured Loans | 1,867,178 |
Other Loans | 65,218,111 |
TOTAL LOANS | 160,700,551 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,438,700 |
Land And Building | 2,751,621 |
Other Fixed Assets | 341,503 |
NCUSIF Deposit | 1,807,923 |
All Other Assets | 0 |
TOTAL ASSETS | 239,281,966 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 343,283 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 754,512 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 37,548,233 |
Regular shares | 72,047,537 |
All Other Shares & Deposits | 94,589,288 |
TOTAL SHARES & DEPOSITS | 204,185,059 |
TOTAL LIABILITIES | 205,282,854 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 33,999,112 |
TOTAL EQUITY | 33,999,112 |
TOTAL LIABILITIES, SHARES, & EQUITY | 239,281,966 |
INCOME & EXPENSE | |
Loan Income | 8,512,412 |
Investment Income | 1,758,509 |
Other Income | 234,002 |
Total Employee Compensation & Benefits | 2,754,211 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,089,827 |
Non-operating Income & (Expense) | -11,648 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 878,000 |
Cost of Funds | 3,969,690 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,322,074 |
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