Dec, 31, 2023 — COMMUNITY CHOICE CREDIT UNION is a federally insured state chartered credit union headquartered in COMMERCE CITY, CO with 2 branch locations and about $98.89 million in total assets. Opened 72 years ago in 1952, COMMUNITY CHOICE CREDIT UNION has about 6,947 members and employs 13 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY CHOICE CREDIT UNION |
|---|---|
| Address: (Main Office) | 6921 E 72nd Ave COMMERCE CITY, CO 80022-2105 |
| Phone: | (303) 287-8025 |
| Fax: | (303) 287-5803 |
| Website: | https://www.yourbetterbankingchoice.com/ |
| Branches: | 2 branch locations |
| Members: | 6,947 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66012 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $98,890,399 |
| CEO/Manager: | Rainy L Thoen |
| Chairperson: | Debra Larsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,503,967 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 28,105,807 |
| Unsecured Loans | 1,550,464 |
| Other Loans | 18,865,387 |
| TOTAL LOANS | 48,521,658 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,756,249 |
| Land And Building | 1,201,806 |
| Other Fixed Assets | 160,913 |
| NCUSIF Deposit | 777,487 |
| All Other Assets | 9,500 |
| TOTAL ASSETS | 98,890,399 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,895,680 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 16,239,911 |
| Regular shares | 27,174,209 |
| All Other Shares & Deposits | 37,158,993 |
| TOTAL SHARES & DEPOSITS | 80,573,113 |
| TOTAL LIABILITIES | 84,468,793 |
| Regular Reserve | 0 |
| Other Reserves | 6,580,737 |
| Undivided Earnings | 7,840,869 |
| TOTAL EQUITY | 14,421,606 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 98,890,399 |
| INCOME & EXPENSE | |
| Loan Income | 2,570,705 |
| Investment Income | 987,280 |
| Other Income | 460,008 |
| Total Employee Compensation & Benefits | 1,768,787 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,373,150 |
| Non-operating Income & (Expense) | 200,352 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 40,738 |
| Cost of Funds | 746,891 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 992,709 |
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» See also Statement of Financial Condition