Dec, 31, 2023 — CHENEY FEDERAL CREDIT UNION is a federal credit union headquartered in CHENEY, WA with 2 branch locations and about $151.21 million in total assets. Opened 73 years ago in 1951, CHENEY FEDERAL CREDIT UNION has about 6,352 members and employs 16 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CHENEY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 520 1ST ST CHENEY, WA 99004-1603 |
| Phone: | (509) 235-6533 |
| Fax: | (509) 235-6544 |
| Website: | https://www.cheneyfcu.com |
| Branches: | 2 branch locations |
| Members: | 6,352 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7101 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Sep 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $151,206,166 |
| CEO/Manager: | JoAn M Sanders |
| Chairperson: | Janis Bliss |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,244,423 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,012,435 |
| Unsecured Loans | 3,875,972 |
| Other Loans | 32,118,485 |
| TOTAL LOANS | 75,006,892 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -131,604 |
| Land And Building | 2,037,560 |
| Other Fixed Assets | 48,898 |
| NCUSIF Deposit | 1,319,530 |
| All Other Assets | 16,764 |
| TOTAL ASSETS | 151,206,166 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 346,776 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,184,563 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,434,872 |
| Regular shares | 33,113,446 |
| All Other Shares & Deposits | 77,135,729 |
| TOTAL SHARES & DEPOSITS | 136,684,047 |
| TOTAL LIABILITIES | 138,215,386 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 12,990,780 |
| TOTAL EQUITY | 12,990,780 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 151,206,166 |
| INCOME & EXPENSE | |
| Loan Income | 2,970,154 |
| Investment Income | 965,657 |
| Other Income | 552,749 |
| Total Employee Compensation & Benefits | 1,447,906 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,523,225 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 21,000 |
| Cost of Funds | 1,737,004 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -38,405 |
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