Dec, 31, 2023 — RED CANOE CREDIT UNION is a federally insured state chartered credit union headquartered in LONGVIEW, WA with 12 branch locations and about $1.16 billion in total assets. Opened 87 years ago in 1937, RED CANOE CREDIT UNION has about 59,944 members and employs 244 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | RED CANOE CREDIT UNION |
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Address: (Main Office) | 1418 15th Ave LONGVIEW, WA 98632 |
Phone: | (800) 562-5611 |
Fax: | |
Website: | https://www.redcanoecu.com |
Branches: | 12 branch locations |
Members: | 59,944 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68196 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1937 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,161,025,646 |
CEO/Manager: | David Spaulding |
Chairperson: | Kurt Sacha |
ASSETS: | $ Amount |
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Cash & Equivalents | 50,496,321 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 531,372,700 |
Unsecured Loans | 49,924,251 |
Other Loans | 257,631,125 |
TOTAL LOANS | 838,928,076 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -5,306,217 |
Land And Building | 33,096,145 |
Other Fixed Assets | 11,062,806 |
NCUSIF Deposit | 9,424,798 |
All Other Assets | 601,168 |
TOTAL ASSETS | 1,161,025,646 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 25,000,000 |
Accounts Payable & Other Liabilities | 17,554,587 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 208,987,489 |
Regular shares | 291,509,627 |
All Other Shares & Deposits | 499,132,519 |
TOTAL SHARES & DEPOSITS | 999,629,635 |
TOTAL LIABILITIES | 1,042,184,222 |
Regular Reserve | 0 |
Other Reserves | -5,028,809 |
Undivided Earnings | 123,870,233 |
TOTAL EQUITY | 118,841,424 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,161,025,646 |
INCOME & EXPENSE | |
Loan Income | 38,998,738 |
Investment Income | 4,777,930 |
Other Income | 6,811,650 |
Total Employee Compensation & Benefits | 25,025,491 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 12,882,548 |
Non-operating Income & (Expense) | 48,074 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,034,181 |
Cost of Funds | 8,854,571 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 5,213,141 |
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