Dec, 31, 2023 — MINNEQUA WORKS CREDIT UNION is a federally insured state chartered credit union headquartered in PUEBLO, CO with 3 branch locations and about $248.27 million in total assets. Opened 87 years ago in 1937, MINNEQUA WORKS CREDIT UNION has about 12,114 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MINNEQUA WORKS CREDIT UNION |
|---|---|
| Address: (Main Office) | 4700 Eagleridge Cir PUEBLO, CO 81008-2344 |
| Phone: | (719) 544-6928 |
| Fax: | (719) 544-0567 |
| Website: | https://www.mymwcu.com |
| Branches: | 3 branch locations |
| Members: | 12,114 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68240 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1937 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $248,270,789 |
| CEO/Manager: | Nathan Cape |
| Chairperson: | Greg Smith |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,304,282 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 49,351,446 |
| Unsecured Loans | 6,671,450 |
| Other Loans | 30,192,587 |
| TOTAL LOANS | 86,215,484 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,683,652 |
| Land And Building | 2,424,011 |
| Other Fixed Assets | 206,232 |
| NCUSIF Deposit | 2,158,606 |
| All Other Assets | 0 |
| TOTAL ASSETS | 248,270,789 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,964,437 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,259,163 |
| Regular shares | 75,496,756 |
| All Other Shares & Deposits | 123,826,566 |
| TOTAL SHARES & DEPOSITS | 224,582,486 |
| TOTAL LIABILITIES | 226,546,923 |
| Regular Reserve | 0 |
| Other Reserves | -9,221,248 |
| Undivided Earnings | 30,945,114 |
| TOTAL EQUITY | 21,723,866 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,270,789 |
| INCOME & EXPENSE | |
| Loan Income | 3,996,580 |
| Investment Income | 3,422,304 |
| Other Income | 721,546 |
| Total Employee Compensation & Benefits | 2,616,325 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,981,726 |
| Non-operating Income & (Expense) | -726 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 140,404 |
| Cost of Funds | 2,317,590 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,335,102 |
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