Sep, 30, 2025 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $169.81 million in total assets. Opened 69 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 9,265 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASCENT FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4140 HARRISON BLVD OGDEN, UT 84403 |
| Phone: | (801) 399-9728 |
| Fax: | (801) 866-1051 |
| Website: | https://www.ascentcu.com |
| Branches: | 4 branch locations |
| Members: | 9,265 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 11520 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $169,807,934 |
| CEO/Manager: | Brock R Mortensen |
| Chairperson: | Roger Smout |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 21,360,504 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 90,610,537 |
| Unsecured Loans | 5,899,772 |
| Other Loans | 33,756,827 |
| TOTAL LOANS | 130,267,136 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -826,951 |
| Land And Building | 3,455,283 |
| Other Fixed Assets | 422,003 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,403,954 |
| All Other Assets | 267,613 |
| TOTAL ASSETS | 169,807,934 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,007,891 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,073,527 |
| Regular shares | 35,740,285 |
| All Other Shares & Deposits | 92,511,269 |
| TOTAL SHARES & DEPOSITS | 153,325,081 |
| TOTAL LIABILITIES | 154,332,972 |
| Regular Reserve | 0 |
| Other Reserves | 1,684,530 |
| Undivided Earnings | 13,790,432 |
| TOTAL EQUITY | 15,474,962 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 169,807,934 |
| INCOME & EXPENSE | |
| Loan Income | 5,655,906 |
| Investment Income | 563,278 |
| Other Income | 548,005 |
| Total Employee Compensation & Benefits | 2,624,705 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,081,748 |
| Non-operating Income & (Expense) | -2,350 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 271,460 |
| Cost of Funds | 2,384,093 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 172,090 |
| ↑ Back to Top | |