Dec, 31, 2020 — UTAH COMMUNITY FEDERAL CREDIT UNION is a federal credit union headquartered in Provo, UT with 18 branch locations and about $2.18 billion in total assets. Opened 66 years ago in 1955, UTAH COMMUNITY FEDERAL CREDIT UNION has about 215,989 members and employs 537 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: | http://www.uccu.com |
Branches: | 18 branch locations |
Members: | 215,989 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 10709 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,182,330,271 |
CEO/Manager: | Bret Van Ausdal |
Chairperson: | John Stevenson |
ASSETS: | $ Amount |
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Cash & Equivalents | 566,424,019 |
TOTAL INVESTMENTS | 118,836,255 |
Loans Held for Sale | 18,208,611 |
Real Estate Loans | 665,160,775 |
Unsecured Loans | 52,125,328 |
Other Loans | 624,477,063 |
TOTAL LOANS | 1,367,834,142 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,646,269 |
Land And Building | 63,380,430 |
Other Fixed Assets | 3,650,974 |
NCUSIF Deposit | 14,388,094 |
All Other Assets | 50,254,015 |
TOTAL ASSETS | 2,182,330,271 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 25,796,894 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 616,887,613 |
Regular shares | 437,346,038 |
All Other Shares & Deposits | 897,772,885 |
TOTAL SHARES & DEPOSITS | 1,952,006,536 |
TOTAL LIABILITIES | 1,977,803,430 |
Regular Reserve | 8,026,814 |
Other Reserves | 1,770,116 |
Undivided Earnings | 194,729,911 |
TOTAL EQUITY | 204,526,841 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,182,330,271 |
INCOME & EXPENSE | |
Loan Income | 54,537,906 |
Investment Income | 3,970,736 |
Other Income | 50,743,800 |
Total Employee Compensation & Benefits | 36,395,132 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 24,003,909 |
Non-operating Income & (Expense) | -423,310 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 11,172,622 |
Cost of Funds | 8,788,330 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 28,469,139 |
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