Dec, 31, 2023 — WASATCH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 7 branch locations and about $589.72 million in total assets. Opened 94 years ago in 1930, WASATCH PEAKS FEDERAL CREDIT UNION has about 31,490 members and employs 115 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | WASATCH PEAKS FEDERAL CREDIT UNION |
---|---|
Address: (Main Office) | 4723 Harrison Blvd OGDEN, UT 84403-4304 |
Phone: | (801) 627-8700 |
Fax: | (801) 476-8033 |
Website: | https://www.wasatchpeaks.com |
Branches: | 7 branch locations |
Members: | 31,490 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24780 |
---|---|
Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1930 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $589,715,547 |
CEO/Manager: | Jeff Shaw |
Chairperson: | Mark Ramsey |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 8,472,017 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 374,616,571 |
Unsecured Loans | 7,677,535 |
Other Loans | 135,829,355 |
TOTAL LOANS | 518,123,461 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,929,648 |
Land And Building | 18,150,199 |
Other Fixed Assets | 3,419,328 |
NCUSIF Deposit | 4,556,292 |
All Other Assets | 140,500 |
TOTAL ASSETS | 589,715,547 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 29,642 |
Notes & Interest Payable | 68,360,000 |
Accounts Payable & Other Liabilities | 2,467,033 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 83,199,133 |
Regular shares | 109,469,793 |
All Other Shares & Deposits | 269,383,323 |
TOTAL SHARES & DEPOSITS | 462,052,249 |
TOTAL LIABILITIES | 532,908,924 |
Regular Reserve | 0 |
Other Reserves | 10,008,900 |
Undivided Earnings | 46,797,723 |
TOTAL EQUITY | 56,806,623 |
TOTAL LIABILITIES, SHARES, & EQUITY | 589,715,547 |
INCOME & EXPENSE | |
Loan Income | 24,828,653 |
Investment Income | 595,060 |
Other Income | 2,462,315 |
Total Employee Compensation & Benefits | 9,242,110 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,198,245 |
Non-operating Income & (Expense) | -626,507 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 433,691 |
Cost of Funds | 11,002,287 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 2,580,154 |
↑ Back to Top |