Mar, 31, 2022 — TRUWEST CREDIT UNION is a federally insured state chartered credit union headquartered in TEMPE, AZ with 13 branch locations and about $1.56 billion in total assets. Opened 70 years ago in 1952, TRUWEST CREDIT UNION has about 90,222 members and employs 266 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | TRUWEST CREDIT UNION |
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Address: (Main Office) | 1667 N Priest Dr TEMPE, AZ 85281 |
Phone: | (480) 441-5900 |
Fax: | |
Website: | http://www.truwest.org |
Branches: | 13 branch locations |
Members: | 90,222 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63832 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,557,370,532 |
CEO/Manager: | Alan Althouse |
Chairperson: | Rick O'Connor |
ASSETS: | $ Amount |
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Cash & Equivalents | 294,043,403 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 553,235,734 |
Unsecured Loans | 34,946,018 |
Other Loans | 382,435,932 |
TOTAL LOANS | 970,617,684 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,133,228 |
Land And Building | 10,722,170 |
Other Fixed Assets | 6,752,916 |
NCUSIF Deposit | 11,902,300 |
All Other Assets | 235,125 |
TOTAL ASSETS | 1,557,370,532 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 78,389 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 21,599,297 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 422,206,202 |
Regular shares | 425,663,601 |
All Other Shares & Deposits | 560,042,933 |
TOTAL SHARES & DEPOSITS | 1,407,912,736 |
TOTAL LIABILITIES | 1,429,590,422 |
Regular Reserve | 0 |
Other Reserves | -22,056,909 |
Undivided Earnings | 149,837,019 |
TOTAL EQUITY | 127,780,110 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,557,370,532 |
INCOME & EXPENSE | |
Loan Income | 9,722,642 |
Investment Income | 1,165,935 |
Other Income | 844,969 |
Total Employee Compensation & Benefits | 7,343,945 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,867,976 |
Non-operating Income & (Expense) | -131 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | -200,000 |
Cost of Funds | 640,783 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,945,429 |
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