Dec, 31, 2021 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $174.09 million in total assets. Opened 65 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 9,295 members and employs 49 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: | 9,295 |
| 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: | $174,085,207 |
| CEO/Manager: | Brock R Mortensen |
| Chairperson: | Charles Ulrich |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 34,918,604 |
| TOTAL INVESTMENTS | 8,785,600 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 80,169,776 |
| Unsecured Loans | 5,582,087 |
| Other Loans | 34,924,302 |
| TOTAL LOANS | 120,676,165 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -335,220 |
| Land And Building | 3,724,424 |
| Other Fixed Assets | 418,008 |
| NCUSIF Deposit | 1,419,998 |
| All Other Assets | 4,477,628 |
| TOTAL ASSETS | 174,085,207 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 664,446 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 28,693,766 |
| Regular shares | 57,605,155 |
| All Other Shares & Deposits | 72,859,726 |
| TOTAL SHARES & DEPOSITS | 159,158,647 |
| TOTAL LIABILITIES | 159,823,093 |
| Regular Reserve | 1,377,037 |
| Other Reserves | 300,073 |
| Undivided Earnings | 12,585,004 |
| TOTAL EQUITY | 14,262,114 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 174,085,207 |
| INCOME & EXPENSE | |
| Loan Income | 5,011,635 |
| Investment Income | 121,584 |
| Other Income | 651,257 |
| Total Employee Compensation & Benefits | 2,827,263 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,568,247 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 152,228 |
| Cost of Funds | 606,113 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,046,878 |
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