Dec, 31, 2023 — ELECTRICAL FEDERAL CREDIT UNION is a federal credit union headquartered in ARVADA, CO with 1 branch location and about $49.42 million in total assets. Opened 71 years ago in 1953, ELECTRICAL FEDERAL CREDIT UNION has about 4,101 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELECTRICAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5080 W 60th Ave ARVADA, CO 80003-6919 |
| Phone: | (303) 428-5080 |
| Fax: | (303) 428-6602 |
| Website: | https://www.electricalfcu.org |
| Branches: | 1 branch locations |
| Members: | 4,101 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8701 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $49,423,001 |
| CEO/Manager: | Sheila D Gonzales |
| Chairperson: | Tilden Hollcroft |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,555,334 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 13,837,062 |
| Unsecured Loans | 1,938,163 |
| Other Loans | 8,961,234 |
| TOTAL LOANS | 24,736,459 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -70,397 |
| Land And Building | 1,389,329 |
| Other Fixed Assets | 3,615 |
| NCUSIF Deposit | 433,849 |
| All Other Assets | 0 |
| TOTAL ASSETS | 49,423,001 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 303,896 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,486,861 |
| Regular shares | 21,049,345 |
| All Other Shares & Deposits | 14,804,357 |
| TOTAL SHARES & DEPOSITS | 43,340,563 |
| TOTAL LIABILITIES | 43,644,459 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,778,542 |
| TOTAL EQUITY | 5,778,542 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 49,423,001 |
| INCOME & EXPENSE | |
| Loan Income | 1,249,557 |
| Investment Income | 452,379 |
| Other Income | 224,000 |
| Total Employee Compensation & Benefits | 488,539 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 960,230 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,869 |
| Cost of Funds | 251,694 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 409,472 |
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» See also Statement of Financial Condition