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ASCENT FEDERAL CREDIT UNION

Mar, 31, 2021 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $158.59 million in total assets. Opened 64 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 10,382 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.


ABA Routing Number: 324377710
Name:ASCENT FEDERAL CREDIT UNION
Address:
(Main Office)
4140 HARRISON BLVD
OGDEN, UT 84403
Phone:(801) 399-9728
Fax:(801) 866-1051
Website:http://www.ascentcu.com
Branches:4 branch locations
Members:10,382
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$158,594,904
CEO/Manager:Brock R Mortensen
Chairperson:Charles Ulrich

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Micro Business Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • In-School Branches
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 21,973,532
TOTAL INVESTMENTS 7,284,600
Loans Held for Sale 0
 
 Real Estate Loans 74,732,555
 Unsecured Loans 5,884,384
 Other Loans 37,682,191
 TOTAL LOANS 118,299,130
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -317,511
 Land And Building 3,783,243
 Other Fixed Assets 501,710
 NCUSIF Deposit 1,247,431
 All Other Assets 5,822,769
  TOTAL ASSETS 158,594,904
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 639,643
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 27,360,186
 Regular shares 41,240,460
 All Other Shares & Deposits 75,895,804
  TOTAL SHARES & DEPOSITS 144,496,450
  TOTAL LIABILITIES 145,136,093
 Regular Reserve 1,377,037
 Other Reserves 300,073
 Undivided Earnings 11,781,701
  TOTAL EQUITY 13,458,811
  TOTAL LIABILITIES, SHARES, & EQUITY 158,594,904
INCOME & EXPENSE  
 Loan Income 1,251,664
 Investment Income 26,586
 Other Income 146,801
 Total Employee Compensation & Benefits 720,647
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 607,889
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 35,000
 Cost of Funds 161,447
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 243,574
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