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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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