Jun, 30, 2024 — CANYON STATE CREDIT UNION is a federally insured state chartered credit union headquartered in PHOENIX, AZ with 8 branch locations and about $613.24 million in total assets. Opened 74 years ago in 1951, CANYON STATE CREDIT UNION has about 45,607 members and employs 131 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: | 8 branch locations |
Members: | 45,607 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $613,241,087 |
CEO/Manager: | Robert V Scott |
Chairperson: | Andrew Roberts |
ASSETS: | $ Amount |
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Cash & Equivalents | 24,327,474 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 182,000 |
Real Estate Loans | 172,059,231 |
Unsecured Loans | 8,173,245 |
Other Loans | 256,542,604 |
TOTAL LOANS | 436,775,080 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,069,491 |
Land And Building | 18,915,650 |
Other Fixed Assets | 2,620,899 |
NCUSIF Deposit | 5,046,725 |
All Other Assets | 221,580 |
TOTAL ASSETS | 613,241,087 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 93 |
Notes & Interest Payable | 13,000,000 |
Accounts Payable & Other Liabilities | 11,504,130 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 162,731,556 |
Regular shares | 260,413,993 |
All Other Shares & Deposits | 134,687,769 |
TOTAL SHARES & DEPOSITS | 557,833,318 |
TOTAL LIABILITIES | 582,337,541 |
Regular Reserve | 0 |
Other Reserves | 7,287,702 |
Undivided Earnings | 23,615,844 |
TOTAL EQUITY | 30,903,546 |
TOTAL LIABILITIES, SHARES, & EQUITY | 613,241,087 |
INCOME & EXPENSE | |
Loan Income | 13,134,551 |
Investment Income | 1,555,791 |
Other Income | 1,472,457 |
Total Employee Compensation & Benefits | 7,936,851 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,470,091 |
Non-operating Income & (Expense) | 577,978 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,064,062 |
Cost of Funds | 650,305 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,829,151 |
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