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CIT-CO FEDERAL CREDIT UNION

Mar, 31, 2022 — CIT-CO FEDERAL CREDIT UNION is a federal credit union headquartered in SHERIDAN, WY with 1 branch location and about $21.76 million in total assets. Opened 68 years ago in 1954, CIT-CO FEDERAL CREDIT UNION has about 2,063 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:CIT-CO FEDERAL CREDIT UNION
Address:
(Main Office)
502 N Main St
SHERIDAN, WY 82801
Phone:(307) 674-7449
Fax:(307) 674-5375
Website:http://www.citcofcu.com
Branches:1 branch locations
Members:2,063
Credit Union Type:Federal Credit Union
Charter Number:9644
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1954
Last Audited:Aug 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$21,755,259
CEO/Manager:Tracy Thorpe
Chairperson:Laurien Rahimi

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,050,107
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 156,052
 Unsecured Loans 638,739
 Other Loans 14,103,431
 TOTAL LOANS 14,898,222
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -102,628
 Land And Building 557,052
 Other Fixed Assets 83,655
 NCUSIF Deposit 169,455
 All Other Assets 0
  TOTAL ASSETS 21,755,259
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 49,560
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,214,482
 Regular shares 10,855,201
 All Other Shares & Deposits 4,911,485
  TOTAL SHARES & DEPOSITS 19,981,168
  TOTAL LIABILITIES 20,030,728
 Regular Reserve 0
 Other Reserves 199,678
 Undivided Earnings 1,524,853
  TOTAL EQUITY 1,724,531
  TOTAL LIABILITIES, SHARES, & EQUITY 21,755,259
INCOME & EXPENSE  
 Loan Income 145,071
 Investment Income 1,932
 Other Income 51,887
 Total Employee Compensation & Benefits 78,210
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 116,883
 Non-operating Income & (Expense) 2,739
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,799
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,564
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