Dec, 31, 2020 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $152.95 million in total assets. Opened 64 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 10,293 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: | http://www.ascentcu.com |
Branches: | 4 branch locations |
Members: | 10,293 |
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, 2019 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $152,952,377 |
CEO/Manager: | Brock R Mortensen |
Chairperson: | Charles Ulrich |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 17,911,943 |
TOTAL INVESTMENTS | 6,274,400 |
Loans Held for Sale | 0 |
Real Estate Loans | 73,061,757 |
Unsecured Loans | 6,542,066 |
Other Loans | 37,474,371 |
TOTAL LOANS | 117,078,194 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -299,564 |
Land And Building | 3,807,918 |
Other Fixed Assets | 539,216 |
NCUSIF Deposit | 1,247,431 |
All Other Assets | 6,392,839 |
TOTAL ASSETS | 152,952,377 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 645,111 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,342,763 |
Regular shares | 38,605,363 |
All Other Shares & Deposits | 74,143,904 |
TOTAL SHARES & DEPOSITS | 139,092,030 |
TOTAL LIABILITIES | 139,737,141 |
Regular Reserve | 1,377,037 |
Other Reserves | 300,073 |
Undivided Earnings | 11,538,126 |
TOTAL EQUITY | 13,215,236 |
TOTAL LIABILITIES, SHARES, & EQUITY | 152,952,377 |
INCOME & EXPENSE | |
Loan Income | 5,111,952 |
Investment Income | 127,545 |
Other Income | 2,151,706 |
Total Employee Compensation & Benefits | 2,907,886 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,575,077 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 232,400 |
Cost of Funds | 835,238 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 840,602 |
↑ Back to Top |