Dec, 31, 2023 — CANOPY FEDERAL CREDIT UNION is a federal credit union headquartered in SPOKANE, WA with 4 branch locations and about $240.48 million in total assets. Opened 68 years ago in 1956, CANOPY FEDERAL CREDIT UNION has about 13,617 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CANOPY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 W Mallon Ave SPOKANE, WA 99201 |
| Phone: | (509) 328-2900 |
| Fax: | (509) 323-1348 |
| Website: | https://www.canopycu.com |
| Branches: | 4 branch locations |
| Members: | 13,617 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11162 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Aug 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $240,482,621 |
| CEO/Manager: | Charlotte Nemec |
| Chairperson: | Mark Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 26,544,593 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 107,875,924 |
| Unsecured Loans | 13,290,989 |
| Other Loans | 74,455,693 |
| TOTAL LOANS | 195,622,606 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,645,040 |
| Land And Building | 5,294,938 |
| Other Fixed Assets | 1,176,137 |
| NCUSIF Deposit | 1,773,341 |
| All Other Assets | 265,508 |
| TOTAL ASSETS | 240,482,621 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 30,000,000 |
| Accounts Payable & Other Liabilities | 4,001,727 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 47,620,729 |
| Regular shares | 72,011,381 |
| All Other Shares & Deposits | 67,809,810 |
| TOTAL SHARES & DEPOSITS | 187,441,920 |
| TOTAL LIABILITIES | 221,443,647 |
| Regular Reserve | 0 |
| Other Reserves | -44,700 |
| Undivided Earnings | 19,083,674 |
| TOTAL EQUITY | 19,038,974 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 240,482,621 |
| INCOME & EXPENSE | |
| Loan Income | 11,208,651 |
| Investment Income | 946,699 |
| Other Income | 1,374,792 |
| Total Employee Compensation & Benefits | 5,436,268 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,374,129 |
| Non-operating Income & (Expense) | -39,692 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,911,424 |
| Cost of Funds | 2,703,541 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -349,432 |
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