Dec, 31, 2023 — ASCENT FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 4 branch locations and about $165.77 million in total assets. Opened 67 years ago in 1957, ASCENT FEDERAL CREDIT UNION has about 9,063 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: | https://www.ascentcu.com |
| Branches: | 4 branch locations |
| Members: | 9,063 |
| 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, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $165,772,821 |
| CEO/Manager: | Brock R Mortensen |
| Chairperson: | Roger Smout |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,987,111 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 95,128,687 |
| Unsecured Loans | 6,417,678 |
| Other Loans | 38,211,808 |
| TOTAL LOANS | 139,758,173 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -822,424 |
| Land And Building | 3,598,540 |
| Other Fixed Assets | 327,527 |
| NCUSIF Deposit | 1,379,078 |
| All Other Assets | 42,005 |
| TOTAL ASSETS | 165,772,821 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 2,500,000 |
| Accounts Payable & Other Liabilities | 1,611,260 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 25,827,802 |
| Regular shares | 41,323,075 |
| All Other Shares & Deposits | 79,147,767 |
| TOTAL SHARES & DEPOSITS | 146,298,643 |
| TOTAL LIABILITIES | 150,409,903 |
| Regular Reserve | 0 |
| Other Reserves | 1,677,110 |
| Undivided Earnings | 13,685,808 |
| TOTAL EQUITY | 15,362,918 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 165,772,821 |
| INCOME & EXPENSE | |
| Loan Income | 6,768,271 |
| Investment Income | 283,104 |
| Other Income | 679,978 |
| Total Employee Compensation & Benefits | 3,272,833 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,841,384 |
| Non-operating Income & (Expense) | 30,538 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 188,589 |
| Cost of Funds | 2,165,917 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 381,975 |
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