Sep, 30, 2025 — POWER CREDIT UNION is a federally insured state chartered credit union headquartered in PUEBLO, CO with 4 branch locations and about $122.98 million in total assets. Opened 88 years ago in 1938, POWER CREDIT UNION has about 11,773 members and employs 36 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | POWER CREDIT UNION |
|---|---|
| Address: (Main Office) | 1615 E Evans Ave PUEBLO, CO 81004-3418 |
| Phone: | (719) 564-0710 |
| Fax: | |
| Website: | https://www.powercu.org |
| Branches: | 4 branch locations |
| Members: | 11,773 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64037 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $122,977,235 |
| CEO/Manager: | Vanessa Trexel |
| Chairperson: | Michael Parlapiano |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,455,229 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,326,364 |
| Unsecured Loans | 7,496,887 |
| Other Loans | 28,614,817 |
| TOTAL LOANS | 60,438,068 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -848,640 |
| Land And Building | 3,196,389 |
| Other Fixed Assets | 231,989 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 988,734 |
| All Other Assets | 0 |
| TOTAL ASSETS | 122,977,235 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,041 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 810,447 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 14,621,878 |
| Regular shares | 34,343,849 |
| All Other Shares & Deposits | 58,161,361 |
| TOTAL SHARES & DEPOSITS | 107,127,088 |
| TOTAL LIABILITIES | 107,961,265 |
| Regular Reserve | 0 |
| Other Reserves | 59,429 |
| Undivided Earnings | 14,956,541 |
| TOTAL EQUITY | 15,015,970 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 122,977,235 |
| INCOME & EXPENSE | |
| Loan Income | 3,027,287 |
| Investment Income | 1,711,417 |
| Other Income | 966,224 |
| Total Employee Compensation & Benefits | 1,812,286 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,997,992 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 459,858 |
| Cost of Funds | 1,110,860 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,521,200 |
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