Jun, 30, 2024 — AVENTA CREDIT UNION is a federally insured state chartered credit union headquartered in COLORADO SPRINGS, CO with 7 branch locations and about $272.10 million in total assets. Opened 68 years ago in 1957, AVENTA CREDIT UNION has about 34,409 members and employs 83 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AVENTA CREDIT UNION |
|---|---|
| Address: (Main Office) | 2735 Dublin Blvd COLORADO SPRINGS, CO 80918-1360 |
| Phone: | (719) 482-7600 |
| Fax: | (719) 264-0636 |
| Website: | https://www.aventa.com |
| Branches: | 7 branch locations |
| Members: | 34,409 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62755 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $272,095,787 |
| CEO/Manager: | Gregory J Mills |
| Chairperson: | Norman Andersson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,025,519 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 66,624,587 |
| Unsecured Loans | 5,388,103 |
| Other Loans | 170,924,898 |
| TOTAL LOANS | 242,937,588 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -900,074 |
| Land And Building | 4,961,092 |
| Other Fixed Assets | 725,952 |
| NCUSIF Deposit | 2,029,377 |
| All Other Assets | 0 |
| TOTAL ASSETS | 272,095,787 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 7,500,000 |
| Accounts Payable & Other Liabilities | 2,286,142 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 44,135,916 |
| Regular shares | 77,888,627 |
| All Other Shares & Deposits | 116,318,915 |
| TOTAL SHARES & DEPOSITS | 238,343,458 |
| TOTAL LIABILITIES | 248,129,600 |
| Regular Reserve | 0 |
| Other Reserves | 1,301,434 |
| Undivided Earnings | 22,664,753 |
| TOTAL EQUITY | 23,966,187 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 272,095,787 |
| INCOME & EXPENSE | |
| Loan Income | 8,241,634 |
| Investment Income | 219,355 |
| Other Income | 900,260 |
| Total Employee Compensation & Benefits | 4,233,764 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,681,240 |
| Non-operating Income & (Expense) | 423,663 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 756,928 |
| Cost of Funds | 730,696 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 583,650 |
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