Jun, 30, 2024 — ELEVATIONS CREDIT UNION is a federally insured state chartered credit union headquartered in BOULDER, CO with 15 branch locations and about $3.34 billion in total assets. Opened 73 years ago in 1952, ELEVATIONS CREDIT UNION has about 176,781 members and employs 610 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 |
|---|---|
| Address: (Main Office) | 2960 Diagonal Highway BOULDER, CO 80301-1412 |
| Phone: | (303) 443-4672 |
| Fax: | (303) 443-0387 |
| Website: | https://www.elevationscu.com |
| Branches: | 15 branch locations |
| Members: | 176,781 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68565 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,338,202,081 |
| CEO/Manager: | Gerry Agnes |
| Chairperson: | Don Cheyne |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 186,951,849 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 23,724,529 |
| Real Estate Loans | 1,952,464,621 |
| Unsecured Loans | 77,792,220 |
| Other Loans | 124,109,958 |
| TOTAL LOANS | 2,154,366,799 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -9,684,925 |
| Land And Building | 55,372,791 |
| Other Fixed Assets | 12,236,029 |
| NCUSIF Deposit | 25,439,850 |
| All Other Assets | 17,505 |
| TOTAL ASSETS | 3,338,202,081 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 106,457,963 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 928,123,351 |
| Regular shares | 1,019,451,814 |
| All Other Shares & Deposits | 1,008,542,464 |
| TOTAL SHARES & DEPOSITS | 2,956,117,629 |
| TOTAL LIABILITIES | 3,062,575,592 |
| Regular Reserve | 0 |
| Other Reserves | -16,758,131 |
| Undivided Earnings | 292,384,620 |
| TOTAL EQUITY | 275,626,489 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,338,202,081 |
| INCOME & EXPENSE | |
| Loan Income | 54,133,307 |
| Investment Income | 9,280,760 |
| Other Income | 6,233,482 |
| Total Employee Compensation & Benefits | 55,837,179 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,275,722 |
| Non-operating Income & (Expense) | -13,442 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -274,862 |
| Cost of Funds | 3,244,521 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,087,352 |
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