Dec, 31, 2023 — CLARITY CREDIT UNION is a federally insured state chartered credit union headquartered in MERIDIAN, ID with 5 branch locations and about $194.42 million in total assets. Opened 76 years ago in 1948, CLARITY CREDIT UNION has about 17,960 members and employs 50 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CLARITY CREDIT UNION |
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Address: (Main Office) | 1880 S Cobalt Point Way MERIDIAN, ID 83642 |
Phone: | (208) 437-6583 |
Fax: | (208) 466-0049 |
Website: | https://www.claritycu.com |
Branches: | 5 branch locations |
Members: | 17,960 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68295 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1948 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $194,416,178 |
CEO/Manager: | Wendy Edwards |
Chairperson: | Brett Spencer |
ASSETS: | $ Amount |
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Cash & Equivalents | 26,536,917 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 38,514,597 |
Unsecured Loans | 10,588,600 |
Other Loans | 80,672,761 |
TOTAL LOANS | 129,775,958 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -911,052 |
Land And Building | 9,512,927 |
Other Fixed Assets | 538,967 |
NCUSIF Deposit | 1,527,384 |
All Other Assets | 0 |
TOTAL ASSETS | 194,416,178 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 186,843 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,671,617 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 2,305,000 |
Share Drafts | 38,947,138 |
Regular shares | 80,655,270 |
All Other Shares & Deposits | 53,979,504 |
TOTAL SHARES & DEPOSITS | 173,581,912 |
TOTAL LIABILITIES | 178,749,642 |
Regular Reserve | 0 |
Other Reserves | 1,121,890 |
Undivided Earnings | 14,544,646 |
TOTAL EQUITY | 15,666,536 |
TOTAL LIABILITIES, SHARES, & EQUITY | 194,416,178 |
INCOME & EXPENSE | |
Loan Income | 7,854,961 |
Investment Income | 1,282,828 |
Other Income | 1,311,176 |
Total Employee Compensation & Benefits | 4,249,626 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,227,493 |
Non-operating Income & (Expense) | 293,186 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 841,323 |
Cost of Funds | 1,845,577 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,285,185 |
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