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ASCENT FEDERAL CREDIT UNION

Sep, 30, 2022 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $173.65 million in total assets. Opened 66 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 9,221 members and employs 44 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:https://www.ascentcu.com
Branches:4 branch locations
Members:9,221
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:$173,654,229
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 17,640,989
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 90,635,943
 Unsecured Loans 5,678,939
 Other Loans 37,563,745
 TOTAL LOANS 133,878,627
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -313,067
 Land And Building 3,675,268
 Other Fixed Assets 382,738
 NCUSIF Deposit 1,475,799
 All Other Assets 0
  TOTAL ASSETS 173,654,229
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 839,689
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 28,211,250
 Regular shares 59,791,359
 All Other Shares & Deposits 69,576,415
  TOTAL SHARES & DEPOSITS 157,579,024
  TOTAL LIABILITIES 158,418,713
 Regular Reserve 0
 Other Reserves 1,677,110
 Undivided Earnings 13,558,406
  TOTAL EQUITY 15,235,516
  TOTAL LIABILITIES, SHARES, & EQUITY 173,654,229
INCOME & EXPENSE  
 Loan Income 3,870,035
 Investment Income 254,667
 Other Income 508,281
 Total Employee Compensation & Benefits 2,258,708
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,880,120
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 80,000
 Cost of Funds 379,905
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 973,400
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