Dec, 31, 2023 — ON TAP CREDIT UNION is a federally insured state chartered credit union headquartered in GOLDEN, CO with 2 branch locations and about $394.58 million in total assets. Opened 74 years ago in 1950, ON TAP CREDIT UNION has about 19,061 members and employs 72 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ON TAP CREDIT UNION |
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Address: (Main Office) | 4690 Table Mountain Dr GOLDEN, CO 80403 |
Phone: | (303) 279-6414 |
Fax: | |
Website: | https://www.ontapcu.org |
Branches: | 2 branch locations |
Members: | 19,061 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 64913 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1950 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $394,583,842 |
CEO/Manager: | Tracie Wilcox |
Chairperson: | Kirsten Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 37,973,098 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 338,680 |
Real Estate Loans | 222,674,319 |
Unsecured Loans | 18,140,485 |
Other Loans | 77,605,692 |
TOTAL LOANS | 318,420,496 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,465,254 |
Land And Building | 2,430,777 |
Other Fixed Assets | 1,049,545 |
NCUSIF Deposit | 2,939,857 |
All Other Assets | 74,075 |
TOTAL ASSETS | 394,583,842 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 2,769 |
Notes & Interest Payable | 37,070,600 |
Accounts Payable & Other Liabilities | 3,930,331 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 69,766,711 |
Regular shares | 110,836,497 |
All Other Shares & Deposits | 140,998,650 |
TOTAL SHARES & DEPOSITS | 321,601,858 |
TOTAL LIABILITIES | 362,605,558 |
Regular Reserve | 0 |
Other Reserves | -4,261,650 |
Undivided Earnings | 36,239,934 |
TOTAL EQUITY | 31,978,284 |
TOTAL LIABILITIES, SHARES, & EQUITY | 394,583,842 |
INCOME & EXPENSE | |
Loan Income | 14,720,007 |
Investment Income | 1,792,260 |
Other Income | 1,771,231 |
Total Employee Compensation & Benefits | 6,735,269 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 6,502,516 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,003,909 |
Cost of Funds | 4,336,112 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,813,822 |
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