Jun, 30, 2024 — ARAPAHOE CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 2 branch locations and about $174.01 million in total assets. Opened 87 years ago in 1938, ARAPAHOE CREDIT UNION has about 13,663 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARAPAHOE CREDIT UNION |
|---|---|
| Address: (Main Office) | 7201 S Broadway LITTLETON, CO 80122 |
| Phone: | (303) 740-7063 |
| Fax: | (303) 740-7164 |
| Website: | https://www.arapahoecu.org |
| Branches: | 2 branch locations |
| Members: | 13,663 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64110 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $174,010,229 |
| CEO/Manager: | Scott Ferndelli |
| Chairperson: | Patric McIntosh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,224,297 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,940,859 |
| Unsecured Loans | 4,002,845 |
| Other Loans | 101,100,881 |
| TOTAL LOANS | 151,044,585 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,143,745 |
| Land And Building | 3,901,778 |
| Other Fixed Assets | 495,660 |
| NCUSIF Deposit | 1,422,048 |
| All Other Assets | 0 |
| TOTAL ASSETS | 174,010,229 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,682 |
| Notes & Interest Payable | 3,000,000 |
| Accounts Payable & Other Liabilities | 585,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,181,850 |
| Regular shares | 48,854,707 |
| All Other Shares & Deposits | 80,355,064 |
| TOTAL SHARES & DEPOSITS | 157,391,621 |
| TOTAL LIABILITIES | 160,988,092 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 13,022,137 |
| TOTAL EQUITY | 13,022,137 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,010,229 |
| INCOME & EXPENSE | |
| Loan Income | 6,513,454 |
| Investment Income | 165,114 |
| Other Income | 841,656 |
| Total Employee Compensation & Benefits | 2,316,075 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,512,460 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,199,000 |
| Cost of Funds | 471,931 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 317,163 |
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