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COLORAMO FEDERAL CREDIT UNION

Jun, 30, 2021 — COLORAMO FEDERAL CREDIT UNION is a federal credit union headquartered in Grand Junction, CO with 3 branch locations and about $143.65 million in total assets. Opened 68 years ago in 1953, COLORAMO FEDERAL CREDIT UNION has about 10,858 members and employs 45 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 302176580
Name:COLORAMO FEDERAL CREDIT UNION
Address:
(Main Office)
516 28 Road
Grand Junction, CO 81501
Phone:(970) 243-7280
Fax:(970) 242-6506
Website:http://www.coloramo.org
Branches:3 branch locations
Members:10,858
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$143,651,330
CEO/Manager:Anthony Restivo
Chairperson:Keith A Larsen

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 16,131,362
TOTAL INVESTMENTS 26,959,057
Loans Held for Sale 0
 
 Real Estate Loans 35,947,315
 Unsecured Loans 1,487,198
 Other Loans 51,832,048
 TOTAL LOANS 89,278,587
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -261,003
 Land And Building 6,641,318
 Other Fixed Assets 840,811
 NCUSIF Deposit 1,143,990
 All Other Assets 2,917,208
  TOTAL ASSETS 143,651,330
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 342,803
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 26,438,761
 Regular shares 43,941,308
 All Other Shares & Deposits 58,973,876
  TOTAL SHARES & DEPOSITS 129,353,945
  TOTAL LIABILITIES 129,696,748
 Regular Reserve 1,224,074
 Other Reserves 0
 Undivided Earnings 12,730,508
  TOTAL EQUITY 13,954,582
  TOTAL LIABILITIES, SHARES, & EQUITY 143,651,330
INCOME & EXPENSE  
 Loan Income 2,197,006
 Investment Income 152,770
 Other Income 407,718
 Total Employee Compensation & Benefits 1,299,503
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,200,782
 Non-operating Income & (Expense) 75
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,293
 Cost of Funds 167,080
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 452,399
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