Dec, 31, 2023 — UTAH HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in MORONI, UT with 5 branch locations and about $134.93 million in total assets. Opened 55 years ago in 1969, UTAH HERITAGE CREDIT UNION has about 8,662 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UTAH HERITAGE CREDIT UNION |
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Address: (Main Office) | 84 W Main St MORONI, UT 84646 |
Phone: | (435) 436-8288 |
Fax: | (435) 436-8190 |
Website: | https://www.utahheritagecu.org |
Branches: | 5 branch locations |
Members: | 8,662 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67076 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $134,932,464 |
CEO/Manager: | Tami R Olsen |
Chairperson: | CLAUDE PICKETT |
ASSETS: | $ Amount |
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Cash & Equivalents | 16,808,936 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 46,253,303 |
Unsecured Loans | 2,560,334 |
Other Loans | 39,645,904 |
TOTAL LOANS | 95,687,260 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -500,458 |
Land And Building | 1,989,804 |
Other Fixed Assets | 211,866 |
NCUSIF Deposit | 1,069,912 |
All Other Assets | 200 |
TOTAL ASSETS | 134,932,464 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 114,265 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,400,653 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 19,318,237 |
Regular shares | 34,991,530 |
All Other Shares & Deposits | 64,873,929 |
TOTAL SHARES & DEPOSITS | 119,183,697 |
TOTAL LIABILITIES | 120,698,615 |
Regular Reserve | 0 |
Other Reserves | 4,626,726 |
Undivided Earnings | 9,607,123 |
TOTAL EQUITY | 14,233,849 |
TOTAL LIABILITIES, SHARES, & EQUITY | 134,932,464 |
INCOME & EXPENSE | |
Loan Income | 5,766,921 |
Investment Income | 972,884 |
Other Income | 849,367 |
Total Employee Compensation & Benefits | 1,897,228 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 1,465,863 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 198,113 |
Cost of Funds | 1,854,740 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,201,811 |
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