Dec, 31, 2023 — ARAPAHOE CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 2 branch locations and about $164.15 million in total assets. Opened 86 years ago in 1938, ARAPAHOE CREDIT UNION has about 12,577 members and employs 35 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: | 12,577 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $164,150,908 |
| CEO/Manager: | Scott Ferndelli |
| Chairperson: | Patric McIntosh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,151,647 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 45,256,839 |
| Unsecured Loans | 4,293,023 |
| Other Loans | 81,629,036 |
| TOTAL LOANS | 131,178,898 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,201,402 |
| Land And Building | 3,794,008 |
| Other Fixed Assets | 710,608 |
| NCUSIF Deposit | 1,538,649 |
| All Other Assets | 0 |
| TOTAL ASSETS | 164,150,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 677,110 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,232,871 |
| Regular shares | 43,603,418 |
| All Other Shares & Deposits | 81,297,820 |
| TOTAL SHARES & DEPOSITS | 153,134,109 |
| TOTAL LIABILITIES | 153,811,219 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 10,339,689 |
| TOTAL EQUITY | 10,339,689 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 164,150,908 |
| INCOME & EXPENSE | |
| Loan Income | 8,438,175 |
| Investment Income | 436,516 |
| Other Income | 1,029,220 |
| Total Employee Compensation & Benefits | 3,376,000 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,584,794 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,930,000 |
| Cost of Funds | 1,920,500 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -2,496,323 |
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