GRAND COUNTY CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.desertriverscu.com for more information.
Dec, 31, 2023 — GRAND COUNTY CREDIT UNION is a federally insured state chartered credit union headquartered in Moab, UT with 4 branch locations and about $46.73 million in total assets. Opened 67 years ago in 1957, GRAND COUNTY CREDIT UNION has about 6,252 members and employs 20 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GRAND COUNTY CREDIT UNION |
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Address: (Main Office) | P.O. Box 1047 Moab, UT 84532 |
Phone: | (435) 259-6124 |
Fax: | (435) 259-6123 |
Website: | https://www.desertriverscu.com |
Branches: | 4 branch locations |
Members: | 6,252 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67075 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1957 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $46,729,495 |
CEO/Manager: | Sam Crane |
Chairperson: | Randy Martin |
ASSETS: | $ Amount |
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Cash & Equivalents | 4,452,605 |
TOTAL INVESTMENTS | 98,517 |
Loans Held for Sale | 257,384 |
Real Estate Loans | 9,518,626 |
Unsecured Loans | 2,515,545 |
Other Loans | 26,406,508 |
TOTAL LOANS | 38,440,679 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -402,820 |
Land And Building | 2,849,711 |
Other Fixed Assets | 279,471 |
NCUSIF Deposit | 380,589 |
All Other Assets | 373,359 |
TOTAL ASSETS | 46,729,495 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 217,068 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 10,183,175 |
Regular shares | 16,461,274 |
All Other Shares & Deposits | 16,416,257 |
TOTAL SHARES & DEPOSITS | 43,060,706 |
TOTAL LIABILITIES | 43,277,774 |
Regular Reserve | 1,024,917 |
Other Reserves | 0 |
Undivided Earnings | 2,426,804 |
TOTAL EQUITY | 3,451,721 |
TOTAL LIABILITIES, SHARES, & EQUITY | 46,729,495 |
INCOME & EXPENSE | |
Loan Income | 1,243,747 |
Investment Income | 6,427 |
Other Income | 534,060 |
Total Employee Compensation & Benefits | 622,571 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 574,452 |
Non-operating Income & (Expense) | 3,093 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 213,881 |
Cost of Funds | 150,064 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 226,359 |
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