Dec, 31, 2023 — CREDIT UNION OF DENVER is a federally insured state chartered credit union headquartered in LAKEWOOD, CO with 2 branch locations and about $1.45 billion in total assets. Opened 93 years ago in 1931, CREDIT UNION OF DENVER has about 70,853 members and employs 154 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION OF DENVER |
|---|---|
| Address: (Main Office) | 9305 W ALAMEDA AVE LAKEWOOD, CO 80226 |
| Phone: | (303) 234-1700 |
| Fax: | (303) 239-1141 |
| Website: | https://www.cudenver.com |
| Branches: | 2 branch locations |
| Members: | 70,853 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64342 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1931 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,450,652,915 |
| CEO/Manager: | CHRISTOPHER C WALLACE |
| Chairperson: | KRISTINA SAPP |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 396,624,581 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 365,968,557 |
| Unsecured Loans | 45,881,393 |
| Other Loans | 287,257,200 |
| TOTAL LOANS | 699,107,148 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,001,608 |
| Land And Building | 4,259,717 |
| Other Fixed Assets | 1,227,071 |
| NCUSIF Deposit | 9,018,660 |
| All Other Assets | 64,131 |
| TOTAL ASSETS | 1,450,652,915 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 191 |
| Notes & Interest Payable | 300,000,000 |
| Accounts Payable & Other Liabilities | 14,182,374 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 149,617,179 |
| Regular shares | 232,483,858 |
| All Other Shares & Deposits | 656,964,283 |
| TOTAL SHARES & DEPOSITS | 1,039,065,318 |
| TOTAL LIABILITIES | 1,353,280,108 |
| Regular Reserve | 0 |
| Other Reserves | -43,118,506 |
| Undivided Earnings | 140,491,313 |
| TOTAL EQUITY | 97,372,807 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,450,652,915 |
| INCOME & EXPENSE | |
| Loan Income | 37,308,857 |
| Investment Income | 19,643,303 |
| Other Income | 2,606,329 |
| Total Employee Compensation & Benefits | 13,952,432 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,266,207 |
| Non-operating Income & (Expense) | 150,846 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,191,538 |
| Cost of Funds | 27,344,102 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,616,062 |
| ↑ Back to Top | |
» See also Statement of Financial Condition