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ASCENT FEDERAL CREDIT UNION

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.


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:9,295
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

Call Report

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

Financial Summary

» See also Statement of Financial Condition
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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