Dec, 31, 2022 — CREDIT UNION OF AMERICA is a federally insured state chartered credit union headquartered in WICHITA, KS with 14 branch locations and about $1.38 billion in total assets. Opened 88 years ago in 1935, CREDIT UNION OF AMERICA has about 90,103 members and employs 276 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 AMERICA |
|---|---|
| Address: (Main Office) | 8200 E 32nd St N WICHITA, KS 67226 |
| Phone: | (316) 265-3272 |
| Fax: | |
| Website: | https://www.cuofamerica.com |
| Branches: | 14 branch locations |
| Members: | 90,103 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60062 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,380,113,985 |
| CEO/Manager: | Frank Shoffner |
| Chairperson: | Richard Gilstrap |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 68,695,829 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,039,556 |
| Real Estate Loans | 483,048,192 |
| Unsecured Loans | 81,506,709 |
| Other Loans | 591,868,074 |
| TOTAL LOANS | 1,156,556,260 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,692,785 |
| Land And Building | 23,877,826 |
| Other Fixed Assets | 7,508,725 |
| NCUSIF Deposit | 9,525,386 |
| All Other Assets | 546,081 |
| TOTAL ASSETS | 1,380,113,985 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,709 |
| Notes & Interest Payable | 85,432,183 |
| Accounts Payable & Other Liabilities | 15,343,342 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 188,177,373 |
| Regular shares | 142,593,715 |
| All Other Shares & Deposits | 776,039,311 |
| TOTAL SHARES & DEPOSITS | 1,106,810,399 |
| TOTAL LIABILITIES | 1,207,587,633 |
| Regular Reserve | 0 |
| Other Reserves | 4,744,036 |
| Undivided Earnings | 167,782,316 |
| TOTAL EQUITY | 172,526,352 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,380,113,985 |
| INCOME & EXPENSE | |
| Loan Income | 36,426,604 |
| Investment Income | 894,031 |
| Other Income | 5,666,570 |
| Total Employee Compensation & Benefits | 16,206,197 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 18,054,015 |
| Non-operating Income & (Expense) | 106,391 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 405,997 |
| Cost of Funds | 6,091,196 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 16,759,274 |
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