Dec, 31, 2023 — OPTIONS CREDIT UNION is a federally insured state chartered credit union headquartered in LITTLETON, CO with 1 branch location and about $5.48 million in total assets. Opened 45 years ago in 1979, OPTIONS CREDIT UNION has about 694 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | OPTIONS CREDIT UNION |
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Address: (Main Office) | 5935 S Zang St LITTLETON, CO 80127 |
Phone: | (303) 860-1117 |
Fax: | (303) 845-9776 |
Website: | https://www.optionscreditunion.com |
Branches: | 1 branch locations |
Members: | 694 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65111 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1979 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $5,480,692 |
CEO/Manager: | Sherry Espinoza |
Chairperson: | Dawn McKnight |
ASSETS: | $ Amount |
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Cash & Equivalents | 551,175 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 1,712,444 |
Unsecured Loans | 575,356 |
Other Loans | 2,530,854 |
TOTAL LOANS | 4,818,653 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,555 |
Land And Building | 0 |
Other Fixed Assets | 3,404 |
NCUSIF Deposit | 46,163 |
All Other Assets | 0 |
TOTAL ASSETS | 5,480,692 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 33,183 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,226,322 |
Regular shares | 1,635,503 |
All Other Shares & Deposits | 2,138,018 |
TOTAL SHARES & DEPOSITS | 4,999,843 |
TOTAL LIABILITIES | 5,033,026 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 447,666 |
TOTAL EQUITY | 447,666 |
TOTAL LIABILITIES, SHARES, & EQUITY | 5,480,692 |
INCOME & EXPENSE | |
Loan Income | 277,845 |
Investment Income | 13,817 |
Other Income | 35,527 |
Total Employee Compensation & Benefits | 127,744 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 175,537 |
Non-operating Income & (Expense) | 1,124 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,623 |
Cost of Funds | 49,222 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -16,558 |
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