Mar, 31, 2022 — CREDIT UNION WEST is a federally insured state chartered credit union headquartered in GLENDALE, AZ with 14 branch locations and about $1.11 billion in total assets. Opened 71 years ago in 1951, CREDIT UNION WEST has about 82,930 members and employs 191 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: | http://www.cuwest.org |
| Branches: | 14 branch locations |
| Members: | 82,930 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,106,939,666 |
| CEO/Manager: | Karen Roch |
| Chairperson: | Luis E Gendreau |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 135,809,751 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 200,000 |
| Real Estate Loans | 209,436,829 |
| Unsecured Loans | 80,302,222 |
| Other Loans | 508,798,197 |
| TOTAL LOANS | 798,537,248 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,491,519 |
| Land And Building | 27,325,623 |
| Other Fixed Assets | 3,932,518 |
| NCUSIF Deposit | 8,372,837 |
| All Other Assets | 141,957 |
| TOTAL ASSETS | 1,106,939,666 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 26,008,013 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 274,629,462 |
| Regular shares | 344,192,805 |
| All Other Shares & Deposits | 366,659,864 |
| TOTAL SHARES & DEPOSITS | 985,482,131 |
| TOTAL LIABILITIES | 1,011,490,144 |
| Regular Reserve | 0 |
| Other Reserves | -2,533,123 |
| Undivided Earnings | 97,982,645 |
| TOTAL EQUITY | 95,449,522 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,106,939,666 |
| INCOME & EXPENSE | |
| Loan Income | 8,170,067 |
| Investment Income | 398,632 |
| Other Income | 1,122,600 |
| Total Employee Compensation & Benefits | 4,845,730 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,820,366 |
| Non-operating Income & (Expense) | 75,118 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 139,293 |
| Cost of Funds | 728,491 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,646,777 |
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