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LOGAN MEDICAL FEDERAL CREDIT UNION

Dec, 31, 2023 — LOGAN MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $32.16 million in total assets. Opened 63 years ago in 1961, LOGAN MEDICAL FEDERAL CREDIT UNION has about 2,088 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324377189
Name:LOGAN MEDICAL FEDERAL CREDIT UNION
Address:
(Main Office)
500 E 1400 N
LOGAN, UT 84341
Phone:(435) 716-5392
Fax:(435) 753-4179
Website:https://www.loganmedicalfcu.org
Branches:1 branch locations
Members:2,088
Credit Union Type:Federal Credit Union
Charter Number:14571
Membership Type:Multiple common bond - Primarily health care
Corporate Credit Union:No
Year Opened:1961
Last Audited:Mar 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$32,163,803
CEO/Manager:Dale Howe
Chairperson:Brian Potts

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 824,842
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 6,527,731
 Unsecured Loans 389,919
 Other Loans 12,317,910
 TOTAL LOANS 19,235,560
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -93,555
 Land And Building 0
 Other Fixed Assets 6,968
 NCUSIF Deposit 249,525
 All Other Assets 0
  TOTAL ASSETS 32,163,803
LIABILITIES & CAPITAL:  
 Dividends Payable 3,155
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 16,445
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,864,861
 Regular shares 13,814,778
 All Other Shares & Deposits 10,203,525
  TOTAL SHARES & DEPOSITS 26,883,164
  TOTAL LIABILITIES 26,902,764
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 5,261,039
  TOTAL EQUITY 5,261,039
  TOTAL LIABILITIES, SHARES, & EQUITY 32,163,803
INCOME & EXPENSE  
 Loan Income 934,500
 Investment Income 232,608
 Other Income 52,753
 Total Employee Compensation & Benefits 324,667
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 246,075
 Non-operating Income & (Expense) 1,695
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,000
 Cost of Funds 303,042
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 354,763
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