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ASCENT FEDERAL CREDIT UNION

Mar, 31, 2022 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $179.00 million in total assets. Opened 65 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 9,239 members and employs 48 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:9,239
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$178,998,204
CEO/Manager:Brock R Mortensen
Chairperson:Charles Ulrich

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 32,725,198
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 83,959,828
 Unsecured Loans 5,291,872
 Other Loans 35,215,629
 TOTAL LOANS 124,467,329
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -325,903
 Land And Building 3,699,851
 Other Fixed Assets 442,286
 NCUSIF Deposit 1,419,998
 All Other Assets 0
  TOTAL ASSETS 178,998,204
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 723,460
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 29,541,276
 Regular shares 61,600,602
 All Other Shares & Deposits 72,642,902
  TOTAL SHARES & DEPOSITS 163,784,780
  TOTAL LIABILITIES 164,508,240
 Regular Reserve 0
 Other Reserves 1,677,110
 Undivided Earnings 12,812,854
  TOTAL EQUITY 14,489,964
  TOTAL LIABILITIES, SHARES, & EQUITY 178,998,204
INCOME & EXPENSE  
 Loan Income 1,214,575
 Investment Income 41,436
 Other Income 159,914
 Total Employee Compensation & Benefits 783,951
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 595,528
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 10,000
 Cost of Funds 127,597
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 227,850
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