Dec, 31, 2023 — CANYON STATE CREDIT UNION is a federally insured state chartered credit union headquartered in PHOENIX, AZ with 7 branch locations and about $600.49 million in total assets. Opened 73 years ago in 1951, CANYON STATE CREDIT UNION has about 45,992 members and employs 134 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CANYON STATE CREDIT UNION |
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Address: (Main Office) | 15458 N 28th Ave PHOENIX, AZ 85053 |
Phone: | (602) 375-7300 |
Fax: | (602) 375-7333 |
Website: | https://realestate.canyonstatecu.org/ |
Branches: | 7 branch locations |
Members: | 45,992 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68502 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $600,490,503 |
CEO/Manager: | Robert V Scott |
Chairperson: | Andrew Roberts |
ASSETS: | $ Amount |
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Cash & Equivalents | 11,320,793 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 198,569,262 |
Unsecured Loans | 9,063,002 |
Other Loans | 246,249,381 |
TOTAL LOANS | 453,881,644 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,886,749 |
Land And Building | 20,800,323 |
Other Fixed Assets | 2,163,339 |
NCUSIF Deposit | 4,916,489 |
All Other Assets | 456,014 |
TOTAL ASSETS | 600,490,503 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 33,000,000 |
Accounts Payable & Other Liabilities | 11,962,485 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 141,501,695 |
Regular shares | 210,275,332 |
All Other Shares & Deposits | 166,156,477 |
TOTAL SHARES & DEPOSITS | 517,933,504 |
TOTAL LIABILITIES | 562,895,989 |
Regular Reserve | 0 |
Other Reserves | 11,496,770 |
Undivided Earnings | 26,097,744 |
TOTAL EQUITY | 37,594,514 |
TOTAL LIABILITIES, SHARES, & EQUITY | 600,490,503 |
INCOME & EXPENSE | |
Loan Income | 23,318,648 |
Investment Income | 2,329,496 |
Other Income | 1,761,398 |
Total Employee Compensation & Benefits | 11,257,502 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,848,853 |
Non-operating Income & (Expense) | 245,760 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,457,777 |
Cost of Funds | 4,831,460 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,494,138 |
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