Dec, 31, 2023 — FOOTHILLS CREDIT UNION is a federally insured state chartered credit union headquartered in WHEAT RIDGE, CO with 3 branch locations and about $153.24 million in total assets. Opened 78 years ago in 1946, FOOTHILLS CREDIT UNION has about 11,476 members and employs 34 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | FOOTHILLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 3550 Clear Creek Dr WHEAT RIDGE, CO 80401 |
| Phone: | (720) 962-8200 |
| Fax: | (720) 751-2241 |
| Website: | https://www.foothills-cu.com |
| Branches: | 3 branch locations |
| Members: | 11,476 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67181 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $153,237,665 |
| CEO/Manager: | Scott E McNeil |
| Chairperson: | Phillip W Tenney |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,270,690 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 78,705,699 |
| Unsecured Loans | 3,745,421 |
| Other Loans | 28,820,390 |
| TOTAL LOANS | 111,331,179 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -742,299 |
| Land And Building | 14,381,336 |
| Other Fixed Assets | 840,860 |
| NCUSIF Deposit | 1,277,413 |
| All Other Assets | 3,414 |
| TOTAL ASSETS | 153,237,665 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,360,483 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,218,066 |
| Regular shares | 52,946,697 |
| All Other Shares & Deposits | 60,829,651 |
| TOTAL SHARES & DEPOSITS | 139,994,414 |
| TOTAL LIABILITIES | 141,354,897 |
| Regular Reserve | 0 |
| Other Reserves | 1,895,296 |
| Undivided Earnings | 9,987,472 |
| TOTAL EQUITY | 11,882,768 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 153,237,665 |
| INCOME & EXPENSE | |
| Loan Income | 5,770,484 |
| Investment Income | 525,089 |
| Other Income | 323,111 |
| Total Employee Compensation & Benefits | 2,598,412 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,255,650 |
| Non-operating Income & (Expense) | 175 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 222,347 |
| Cost of Funds | 1,489,233 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -146,922 |
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» See also Statement of Financial Condition