Dec, 31, 2023 — ELEVATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in BOULDER, CO with 14 branch locations and about $3.41 billion in total assets. Opened 72 years ago in 1952, ELEVATIONS CREDIT UNION has about 177,943 members and employs 587 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ELEVATIONS CREDIT UNION |
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Address: (Main Office) | 2960 Diagonal Highway BOULDER, CO 80301-1412 |
Phone: | (303) 443-4672 |
Fax: | (303) 443-0387 |
Website: | https://www.elevationscu.com |
Branches: | 14 branch locations |
Members: | 177,943 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68565 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1952 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,411,283,820 |
CEO/Manager: | Gerry Agnes |
Chairperson: | Don Cheyne |
ASSETS: | $ Amount |
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Cash & Equivalents | 95,733,702 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 7,028,696 |
Real Estate Loans | 2,272,759,441 |
Unsecured Loans | 88,066,855 |
Other Loans | 133,167,413 |
TOTAL LOANS | 2,493,993,709 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -18,709,841 |
Land And Building | 53,375,223 |
Other Fixed Assets | 8,634,536 |
NCUSIF Deposit | 24,214,454 |
All Other Assets | 10,437 |
TOTAL ASSETS | 3,411,283,820 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 398,159,000 |
Accounts Payable & Other Liabilities | 137,265,570 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 815,965,351 |
Regular shares | 803,811,831 |
All Other Shares & Deposits | 941,150,631 |
TOTAL SHARES & DEPOSITS | 2,560,927,812 |
TOTAL LIABILITIES | 3,100,145,933 |
Regular Reserve | 0 |
Other Reserves | -4,195,396 |
Undivided Earnings | 315,333,283 |
TOTAL EQUITY | 311,137,887 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,411,283,820 |
INCOME & EXPENSE | |
Loan Income | 119,847,098 |
Investment Income | 27,966,170 |
Other Income | 7,922,481 |
Total Employee Compensation & Benefits | 75,852,003 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 54,426,735 |
Non-operating Income & (Expense) | 1,613,268 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,883,594 |
Cost of Funds | 30,371,150 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,020,983 |
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