Dec, 31, 2023 — SOUTH SANPETE CREDIT UNION is a federally insured state chartered credit union headquartered in MANTI, UT with 1 branch location and about $1.09 million in total assets. Opened 68 years ago in 1956, SOUTH SANPETE CREDIT UNION has about 190 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SOUTH SANPETE CREDIT UNION |
|---|---|
| Address: (Main Office) | 39 S Main St MANTI, UT 84642 |
| Phone: | (435) 835-2261 |
| Fax: | (435) 835-2265 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 190 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67130 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,089,100 |
| CEO/Manager: | Jake Hill |
| Chairperson: | Aaron Peterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 315,424 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 26,128 |
| Other Loans | 756,610 |
| TOTAL LOANS | 782,739 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,000 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 12,046 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,089,100 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 8 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,342 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 966,379 |
| All Other Shares & Deposits | 0 |
| TOTAL SHARES & DEPOSITS | 966,379 |
| TOTAL LIABILITIES | 967,729 |
| Regular Reserve | 0 |
| Other Reserves | 46,277 |
| Undivided Earnings | 75,094 |
| TOTAL EQUITY | 121,371 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,089,100 |
| INCOME & EXPENSE | |
| Loan Income | 40,778 |
| Investment Income | 0 |
| Other Income | 11 |
| Total Employee Compensation & Benefits | 8,930 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 11,303 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,000 |
| Cost of Funds | 15,907 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -16,241 |
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