EMPLOYEES FIRST CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — EMPLOYEES FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in LOGAN, UT with 2 branch locations and about $754,711 in total assets. Opened 46 years ago in 1978, EMPLOYEES FIRST CREDIT UNION has about 556 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | EMPLOYEES FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 885 N 600 W LOGAN, UT 84321 |
| Phone: | (435) 752-8175 |
| Fax: | (435) 752-5257 |
| Website: | n/a |
| Branches: | 2 branch locations |
| Members: | 556 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67064 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1978 |
| Last Audited: | Feb 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $754,711 |
| CEO/Manager: | Craig A Russell |
| Chairperson: | Joshua Beutler |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 687,800 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 0 |
| Other Loans | 49,147 |
| TOTAL LOANS | 49,147 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 13,255 |
| All Other Assets | 0 |
| TOTAL ASSETS | 754,711 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,542 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 500,788 |
| All Other Shares & Deposits | 29,877 |
| TOTAL SHARES & DEPOSITS | 530,665 |
| TOTAL LIABILITIES | 533,207 |
| Regular Reserve | 0 |
| Other Reserves | 103,947 |
| Undivided Earnings | 117,557 |
| TOTAL EQUITY | 221,504 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 754,711 |
| INCOME & EXPENSE | |
| Loan Income | 1,062 |
| Investment Income | 609 |
| Other Income | 85 |
| Total Employee Compensation & Benefits | 8,589 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 21,067 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 60 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -27,937 |
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