Dec, 31, 2023 — CREDIT UNION OF AMERICA is a federally insured state chartered credit union headquartered in WICHITA, KS with 14 branch locations and about $1.52 billion in total assets. Opened 89 years ago in 1935, CREDIT UNION OF AMERICA has about 95,513 members and employs 301 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | CREDIT UNION OF AMERICA |
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Address: (Main Office) | 8200 E 32nd St N WICHITA, KS 67226 |
Phone: | (316) 265-3272 |
Fax: | |
Website: | https://www.cuofamerica.com |
Branches: | 14 branch locations |
Members: | 95,513 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60062 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,516,283,592 |
CEO/Manager: | Frank Shoffner |
Chairperson: | Richard Gilstrap |
ASSETS: | $ Amount |
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Cash & Equivalents | 102,019,038 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 356,000 |
Real Estate Loans | 518,485,587 |
Unsecured Loans | 99,062,964 |
Other Loans | 655,070,684 |
TOTAL LOANS | 1,272,954,614 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,143,971 |
Land And Building | 27,004,459 |
Other Fixed Assets | 5,767,571 |
NCUSIF Deposit | 10,555,930 |
All Other Assets | 902,236 |
TOTAL ASSETS | 1,516,283,592 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,258 |
Notes & Interest Payable | 116,750,000 |
Accounts Payable & Other Liabilities | 20,624,399 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 192,635,853 |
Regular shares | 110,137,192 |
All Other Shares & Deposits | 886,647,936 |
TOTAL SHARES & DEPOSITS | 1,189,420,982 |
TOTAL LIABILITIES | 1,326,798,639 |
Regular Reserve | 0 |
Other Reserves | 5,904,737 |
Undivided Earnings | 183,580,216 |
TOTAL EQUITY | 189,484,953 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,516,283,592 |
INCOME & EXPENSE | |
Loan Income | 67,560,046 |
Investment Income | 4,209,409 |
Other Income | 8,002,968 |
Total Employee Compensation & Benefits | 25,218,414 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 27,256,160 |
Non-operating Income & (Expense) | 1,137,656 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,564,155 |
Cost of Funds | 23,745,706 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 14,330,526 |
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