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BOULDER DAM CREDIT UNION

Dec, 31, 2023 — BOULDER DAM CREDIT UNION is a non-federally insured state credit union headquartered in BOULDER CITY, NV with 1 branch location and about $808.42 million in total assets. Opened 84 years ago in 1940, BOULDER DAM CREDIT UNION has about 20,274 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.


Name:BOULDER DAM CREDIT UNION
Address:
(Main Office)
530 AVENUE G
BOULDER CITY, NV 89005
Phone:(702) 293-7777
Fax:(702) 293-0731
Website:https://www.boulderdamcu.org
Branches:1 branch locations
Members:20,274
Credit Union Type:Non-Federally Insured State Credit Union
Charter Number:96084
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1940
Last Audited:Mar 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$808,422,620
CEO/Manager:Steele Hendrix
Chairperson:Douglas E Scheppmann

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 62,056,032
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 241,277,063
 Unsecured Loans 5,341,784
 Other Loans 24,359,427
 TOTAL LOANS 272,307,910
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,131,792
 Land And Building 1,098,662
 Other Fixed Assets 0
 NCUSIF Deposit 0
 All Other Assets 0
  TOTAL ASSETS 808,422,620
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,210,980
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 88,876,875
 Regular shares 584,733,801
 All Other Shares & Deposits 49,634,688
  TOTAL SHARES & DEPOSITS 723,245,364
  TOTAL LIABILITIES 724,456,344
 Regular Reserve 0
 Other Reserves -3,901,664
 Undivided Earnings 87,867,940
  TOTAL EQUITY 83,966,276
  TOTAL LIABILITIES, SHARES, & EQUITY 808,422,620
INCOME & EXPENSE  
 Loan Income 11,802,912
 Investment Income 21,572,107
 Other Income 1,209,608
 Total Employee Compensation & Benefits 6,003,288
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 6,496,873
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 15,713,343
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,946,668
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