Dec, 31, 2023 — CREDIT UNION WEST is a federally insured state chartered credit union headquartered in GLENDALE, AZ with 13 branch locations and about $1.21 billion in total assets. Opened 73 years ago in 1951, CREDIT UNION WEST has about 90,131 members and employs 198 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION WEST |
|---|---|
| Address: (Main Office) | 10150 W Desert River Blvd GLENDALE, AZ 85305 |
| Phone: | (602) 631-3200 |
| Fax: | |
| Website: | https://www.cuwest.org |
| Branches: | 13 branch locations |
| Members: | 90,131 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68421 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,206,329,192 |
| CEO/Manager: | Karen Roch |
| Chairperson: | Gary Larberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 56,254,111 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 252,987,828 |
| Unsecured Loans | 126,377,749 |
| Other Loans | 601,427,338 |
| TOTAL LOANS | 980,792,915 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,599,747 |
| Land And Building | 26,274,361 |
| Other Fixed Assets | 5,532,408 |
| NCUSIF Deposit | 9,522,046 |
| All Other Assets | 724,447 |
| TOTAL ASSETS | 1,206,329,192 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 149,310 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,174,021 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 231,356,082 |
| Regular shares | 255,613,001 |
| All Other Shares & Deposits | 577,291,083 |
| TOTAL SHARES & DEPOSITS | 1,064,260,166 |
| TOTAL LIABILITIES | 1,090,583,497 |
| Regular Reserve | 0 |
| Other Reserves | -3,809,775 |
| Undivided Earnings | 119,555,470 |
| TOTAL EQUITY | 115,745,695 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,206,329,192 |
| INCOME & EXPENSE | |
| Loan Income | 56,927,458 |
| Investment Income | 3,800,238 |
| Other Income | 4,871,310 |
| Total Employee Compensation & Benefits | 19,525,988 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 16,304,822 |
| Non-operating Income & (Expense) | 86,057 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,022,807 |
| Cost of Funds | 15,604,395 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,482,635 |
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