Dec, 31, 2023 — UTAH COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in PROVO, UT with 21 branch locations and about $2.96 billion in total assets. Opened 69 years ago in 1955, UTAH COMMUNITY FEDERAL CREDIT UNION has about 237,670 members and employs 532 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 COMMUNITY FEDERAL CREDIT UNION |
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Address: (Main Office) | 360 W 4800 N PROVO, UT 84604 |
Phone: | (801) 223-8188 |
Fax: | (801) 223-7490 |
Website: | https://www.uccu.com |
Branches: | 21 branch locations |
Members: | 237,670 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10709 |
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Membership Type: | Multiple common bond - other |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,959,477,822 |
CEO/Manager: | Bret Van Ausdal |
Chairperson: | Linda Makin |
ASSETS: | $ Amount |
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Cash & Equivalents | 128,742,115 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 2,812,000 |
Real Estate Loans | 1,561,267,517 |
Unsecured Loans | 65,084,663 |
Other Loans | 840,166,865 |
TOTAL LOANS | 2,492,025,764 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -25,010,223 |
Land And Building | 49,287,959 |
Other Fixed Assets | 5,975,467 |
NCUSIF Deposit | 21,238,245 |
All Other Assets | 741,912 |
TOTAL ASSETS | 2,959,477,822 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 264 |
Notes & Interest Payable | 29,500,000 |
Accounts Payable & Other Liabilities | 45,155,884 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 585,737,911 |
Regular shares | 435,930,632 |
All Other Shares & Deposits | 1,582,613,014 |
TOTAL SHARES & DEPOSITS | 2,604,281,557 |
TOTAL LIABILITIES | 2,679,347,705 |
Regular Reserve | 0 |
Other Reserves | -751,775 |
Undivided Earnings | 280,881,892 |
TOTAL EQUITY | 280,130,117 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,959,477,822 |
INCOME & EXPENSE | |
Loan Income | 114,149,351 |
Investment Income | 6,538,114 |
Other Income | 11,111,880 |
Total Employee Compensation & Benefits | 37,427,935 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 31,468,510 |
Non-operating Income & (Expense) | 1,024,724 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,775,353 |
Cost of Funds | 45,972,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 29,721,685 |
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» See also Statement of Financial Condition