Jun, 30, 2024 — CREDIT UNION OF DENVER is a federally insured state chartered credit union headquartered in LAKEWOOD, CO with 2 branch locations and about $1.10 billion in total assets. Opened 94 years ago in 1931, CREDIT UNION OF DENVER has about 68,182 members and employs 144 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: | 68,182 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,102,233,295 |
| CEO/Manager: | KEITH M COWLING |
| Chairperson: | KRISTINA SAPP |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 73,283,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 324,907,100 |
| Unsecured Loans | 33,709,426 |
| Other Loans | 274,653,350 |
| TOTAL LOANS | 633,269,876 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,929,532 |
| Land And Building | 4,607,294 |
| Other Fixed Assets | 1,382,132 |
| NCUSIF Deposit | 9,062,629 |
| All Other Assets | 31,990 |
| TOTAL ASSETS | 1,102,233,295 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,053 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,864,550 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 154,130,451 |
| Regular shares | 280,180,377 |
| All Other Shares & Deposits | 579,888,425 |
| TOTAL SHARES & DEPOSITS | 1,014,199,253 |
| TOTAL LIABILITIES | 1,018,064,856 |
| Regular Reserve | 0 |
| Other Reserves | -51,774,096 |
| Undivided Earnings | 135,942,535 |
| TOTAL EQUITY | 84,168,439 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,102,233,295 |
| INCOME & EXPENSE | |
| Loan Income | 19,517,672 |
| Investment Income | 5,006,805 |
| Other Income | 1,755,138 |
| Total Employee Compensation & Benefits | 9,603,455 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,270,896 |
| Non-operating Income & (Expense) | 46,876 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -283,000 |
| Cost of Funds | 3,447,229 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,663,927 |
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