Dec, 31, 2023 — TRUWEST CREDIT UNION is a federally insured state chartered credit union headquartered in TEMPE, AZ with 11 branch locations and about $1.81 billion in total assets. Opened 72 years ago in 1952, TRUWEST CREDIT UNION has about 91,126 members and employs 277 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 |
|---|---|
| Address: (Main Office) | 2190 E Elliot Rd TEMPE, AZ 85284 |
| Phone: | (480) 441-5900 |
| Fax: | |
| Website: | https://www.truwest.org |
| Branches: | 11 branch locations |
| Members: | 91,126 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63832 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,810,234,989 |
| CEO/Manager: | Alan Althouse |
| Chairperson: | Rick O'Connor |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 106,402,058 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 733,144,213 |
| Unsecured Loans | 38,677,603 |
| Other Loans | 543,640,178 |
| TOTAL LOANS | 1,315,461,994 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -12,457,232 |
| Land And Building | 10,170,094 |
| Other Fixed Assets | 14,418,098 |
| NCUSIF Deposit | 12,882,532 |
| All Other Assets | 424,590 |
| TOTAL ASSETS | 1,810,234,989 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 116,182 |
| Notes & Interest Payable | 199,647,285 |
| Accounts Payable & Other Liabilities | 27,644,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 373,940,002 |
| Regular shares | 343,869,092 |
| All Other Shares & Deposits | 741,270,117 |
| TOTAL SHARES & DEPOSITS | 1,459,079,211 |
| TOTAL LIABILITIES | 1,686,487,467 |
| Regular Reserve | 0 |
| Other Reserves | -38,411,061 |
| Undivided Earnings | 162,158,583 |
| TOTAL EQUITY | 123,747,522 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,810,234,989 |
| INCOME & EXPENSE | |
| Loan Income | 68,191,753 |
| Investment Income | 10,502,137 |
| Other Income | 3,919,913 |
| Total Employee Compensation & Benefits | 32,777,987 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,429,785 |
| Non-operating Income & (Expense) | 391 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,579,515 |
| Cost of Funds | 21,737,569 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,133,287 |
| ↑ Back to Top | |