Dec, 31, 2023 — SOOPER CREDIT UNION is a federally insured state chartered credit union headquartered in ARVADA, CO with 5 branch locations and about $664.87 million in total assets. Opened 73 years ago in 1951, SOOPER CREDIT UNION has about 37,990 members and employs 135 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOOPER CREDIT UNION |
|---|---|
| Address: (Main Office) | 5005 W 60th Ave ARVADA, CO 80003 |
| Phone: | (303) 427-5005 |
| Fax: | (303) 412-7115 |
| Website: | https://www.soopercu.org |
| Branches: | 5 branch locations |
| Members: | 37,990 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62776 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $664,866,439 |
| CEO/Manager: | Carrie C Langgard |
| Chairperson: | Adam Williamson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 23,323,700 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 294,511,856 |
| Unsecured Loans | 15,728,577 |
| Other Loans | 275,360,598 |
| TOTAL LOANS | 585,601,031 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,278,331 |
| Land And Building | 7,260,913 |
| Other Fixed Assets | 689,344 |
| NCUSIF Deposit | 5,158,689 |
| All Other Assets | 402,651 |
| TOTAL ASSETS | 664,866,439 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 52,706,100 |
| Accounts Payable & Other Liabilities | 6,607,422 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 104,498,887 |
| Regular shares | 137,362,234 |
| All Other Shares & Deposits | 295,187,236 |
| TOTAL SHARES & DEPOSITS | 537,048,357 |
| TOTAL LIABILITIES | 596,361,879 |
| Regular Reserve | 0 |
| Other Reserves | -3,174,788 |
| Undivided Earnings | 71,679,348 |
| TOTAL EQUITY | 68,504,560 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 664,866,439 |
| INCOME & EXPENSE | |
| Loan Income | 34,724,457 |
| Investment Income | 1,030,043 |
| Other Income | 2,186,405 |
| Total Employee Compensation & Benefits | 12,875,911 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 10,600,358 |
| Non-operating Income & (Expense) | 50,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,721,175 |
| Cost of Funds | 8,559,235 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,814,055 |
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