Jun, 30, 2024 — PREMIER MEMBERS CREDIT UNION is a federally insured state chartered credit union headquartered in BOULDER, CO with 21 branch locations and about $1.74 billion in total assets. Opened 74 years ago in 1950, PREMIER MEMBERS CREDIT UNION has about 79,326 members and employs 304 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PREMIER MEMBERS CREDIT UNION |
|---|---|
| Address: (Main Office) | 5505 Arapahoe Ave BOULDER, CO 80303 |
| Phone: | (303) 442-8850 |
| Fax: | (303) 440-0838 |
| Website: | https://www.pmcu.org |
| Branches: | 21 branch locations |
| Members: | 79,326 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62574 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,739,001,870 |
| CEO/Manager: | Carlos Pacheco |
| Chairperson: | Mark Gisi |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 50,052,884 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 990,405 |
| Real Estate Loans | 897,303,175 |
| Unsecured Loans | 31,535,376 |
| Other Loans | 352,276,560 |
| TOTAL LOANS | 1,281,115,111 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,560,708 |
| Land And Building | 35,668,381 |
| Other Fixed Assets | 4,161,380 |
| NCUSIF Deposit | 12,903,892 |
| All Other Assets | 1,109,645 |
| TOTAL ASSETS | 1,739,001,870 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 168,728,400 |
| Accounts Payable & Other Liabilities | 23,592,363 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 297,100,734 |
| Regular shares | 244,364,486 |
| All Other Shares & Deposits | 873,176,739 |
| TOTAL SHARES & DEPOSITS | 1,414,641,959 |
| TOTAL LIABILITIES | 1,606,962,722 |
| Regular Reserve | 0 |
| Other Reserves | 42,133,386 |
| Undivided Earnings | 89,905,762 |
| TOTAL EQUITY | 132,039,148 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,739,001,870 |
| INCOME & EXPENSE | |
| Loan Income | 32,128,486 |
| Investment Income | 3,716,100 |
| Other Income | 2,815,600 |
| Total Employee Compensation & Benefits | 20,447,452 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,953,772 |
| Non-operating Income & (Expense) | -809,469 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 266,517 |
| Cost of Funds | 4,233,624 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,815,202 |
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