Jun, 30, 2024 — CANVAS CREDIT UNION is a federally insured state chartered credit union headquartered in LONE TREE, CO with 33 branch locations and about $4.15 billion in total assets. Opened 87 years ago in 1938, CANVAS CREDIT UNION has about 295,103 members and employs 728 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANVAS CREDIT UNION |
|---|---|
| Address: (Main Office) | 9990 Park Meadows Dr LONE TREE, CO 80124-6739 |
| Phone: | (303) 691-2345 |
| Fax: | |
| Website: | https://www.canvas.org/ |
| Branches: | 33 branch locations |
| Members: | 295,103 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64778 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $4,152,574,463 |
| CEO/Manager: | Todd Marksberry |
| Chairperson: | Tom Lash |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 184,187,133 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 6,825,708 |
| Real Estate Loans | 1,640,839,154 |
| Unsecured Loans | 129,154,481 |
| Other Loans | 1,874,586,026 |
| TOTAL LOANS | 3,644,579,661 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -35,140,469 |
| Land And Building | 66,671,543 |
| Other Fixed Assets | 16,560,434 |
| NCUSIF Deposit | 31,383,356 |
| All Other Assets | 2,195,145 |
| TOTAL ASSETS | 4,152,574,463 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 569,380 |
| Notes & Interest Payable | 252,356,021 |
| Accounts Payable & Other Liabilities | 37,688,606 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 693,894,074 |
| Regular shares | 568,348,090 |
| All Other Shares & Deposits | 2,202,165,968 |
| TOTAL SHARES & DEPOSITS | 3,464,408,132 |
| TOTAL LIABILITIES | 3,755,022,139 |
| Regular Reserve | 0 |
| Other Reserves | 1,186,347 |
| Undivided Earnings | 396,365,977 |
| TOTAL EQUITY | 397,552,324 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 4,152,574,463 |
| INCOME & EXPENSE | |
| Loan Income | 128,243,846 |
| Investment Income | 3,614,565 |
| Other Income | 11,211,170 |
| Total Employee Compensation & Benefits | 54,897,072 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 49,607,320 |
| Non-operating Income & (Expense) | 1,312,855 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,348,161 |
| Cost of Funds | 12,777,451 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 38,112,021 |
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