Jun, 30, 2024 — WESTERRA CREDIT UNION is a federally insured state chartered credit union headquartered in DENVER, CO with 9 branch locations and about $1.91 billion in total assets. Opened 91 years ago in 1934, WESTERRA CREDIT UNION has about 115,631 members and employs 322 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WESTERRA CREDIT UNION |
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Address: (Main Office) | 3700 E Alameda Ave DENVER, CO 80209 |
Phone: | (303) 321-4209 |
Fax: | (866) 208-1598 |
Website: | https://westerracu.com |
Branches: | 9 branch locations |
Members: | 115,631 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 65788 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,912,181,536 |
CEO/Manager: | James C Champion |
Chairperson: | Andy Raicevich |
ASSETS: | $ Amount |
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Cash & Equivalents | 33,590,186 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,855,445 |
Real Estate Loans | 838,018,002 |
Unsecured Loans | 76,911,242 |
Other Loans | 249,477,133 |
TOTAL LOANS | 1,164,406,377 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,856,166 |
Land And Building | 15,374,754 |
Other Fixed Assets | 8,038,492 |
NCUSIF Deposit | 17,140,135 |
All Other Assets | 66,000 |
TOTAL ASSETS | 1,912,181,536 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 21,986,362 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 381,877,592 |
Regular shares | 368,257,342 |
All Other Shares & Deposits | 994,729,770 |
TOTAL SHARES & DEPOSITS | 1,744,864,704 |
TOTAL LIABILITIES | 1,766,851,066 |
Regular Reserve | 0 |
Other Reserves | -31,344,514 |
Undivided Earnings | 176,674,984 |
TOTAL EQUITY | 145,330,470 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,912,181,536 |
INCOME & EXPENSE | |
Loan Income | 32,072,134 |
Investment Income | 8,308,119 |
Other Income | 851,751 |
Total Employee Compensation & Benefits | 23,461,849 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 23,507,710 |
Non-operating Income & (Expense) | 477 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 869,821 |
Cost of Funds | 5,069,174 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -2,393,292 |
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