Sep, 30, 2025 — COLORAMO FEDERAL CREDIT UNION is a federal credit union headquartered in GRAND JUNCTION, CO with 3 branch locations and about $188.93 million in total assets. Opened 73 years ago in 1953, COLORAMO FEDERAL CREDIT UNION has about 12,738 members and employs 42 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COLORAMO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 516 28 Rd GRAND JUNCTION, CO 81501 |
| Phone: | (970) 243-7280 |
| Fax: | (970) 242-6506 |
| Website: | https://www.coloramo.org |
| Branches: | 3 branch locations |
| Members: | 12,738 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8725 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $188,929,856 |
| CEO/Manager: | Anthony Restivo |
| Chairperson: | Keith A Larsen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 13,749,270 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 70,988,271 |
| Unsecured Loans | 2,767,380 |
| Other Loans | 64,101,774 |
| TOTAL LOANS | 137,864,744 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -851,905 |
| Land And Building | 10,805,660 |
| Other Fixed Assets | 387,889 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,535,949 |
| All Other Assets | 1,601,824 |
| TOTAL ASSETS | 188,929,856 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 5,000,000 |
| Accounts Payable & Other Liabilities | 961,946 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,350,577 |
| Regular shares | 42,551,313 |
| All Other Shares & Deposits | 93,677,437 |
| TOTAL SHARES & DEPOSITS | 165,579,328 |
| TOTAL LIABILITIES | 171,541,274 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 17,388,582 |
| TOTAL EQUITY | 17,388,582 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 188,929,856 |
| INCOME & EXPENSE | |
| Loan Income | 6,432,461 |
| Investment Income | 464,920 |
| Other Income | 930,281 |
| Total Employee Compensation & Benefits | 2,662,571 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,531,851 |
| Non-operating Income & (Expense) | 43,632 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 799,266 |
| Cost of Funds | 2,239,515 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 336,666 |
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