Dec, 31, 2023 — FELLOWSHIP CREDIT UNION is a federally insured state chartered credit union headquartered in LAMAR, CO with 4 branch locations and about $43.71 million in total assets. Opened 65 years ago in 1959, FELLOWSHIP CREDIT UNION has about 5,889 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FELLOWSHIP CREDIT UNION |
|---|---|
| Address: (Main Office) | 803 E Olive St LAMAR, CO 81052 |
| Phone: | (719) 336-5511 |
| Fax: | (719) 336-8119 |
| Website: | https://www.fellowshipcreditunion.com/ |
| Branches: | 4 branch locations |
| Members: | 5,889 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64852 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jan 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $43,706,733 |
| CEO/Manager: | Brian D Kane |
| Chairperson: | Jesse Kalma |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,231,733 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 24,363,850 |
| Unsecured Loans | 874,435 |
| Other Loans | 14,019,591 |
| TOTAL LOANS | 39,327,605 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -154,849 |
| Land And Building | 1,432,374 |
| Other Fixed Assets | 10,372 |
| NCUSIF Deposit | 373,017 |
| All Other Assets | 19,000 |
| TOTAL ASSETS | 43,706,733 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,453 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 216,128 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,773,427 |
| Regular shares | 19,321,201 |
| All Other Shares & Deposits | 13,188,305 |
| TOTAL SHARES & DEPOSITS | 39,282,933 |
| TOTAL LIABILITIES | 39,500,514 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 4,206,219 |
| TOTAL EQUITY | 4,206,219 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 43,706,733 |
| INCOME & EXPENSE | |
| Loan Income | 2,140,105 |
| Investment Income | 25,763 |
| Other Income | 171,204 |
| Total Employee Compensation & Benefits | 1,071,848 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 740,526 |
| Non-operating Income & (Expense) | 4,975 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 30,000 |
| Cost of Funds | 245,498 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 407,300 |
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