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NORTH SANPETE FEDERAL CREDIT UNION

Mar, 31, 2021 — NORTH SANPETE FEDERAL CREDIT UNION is a federal credit union headquartered in Fairview, UT with 2 branch locations and about $1.03 million in total assets. Opened 62 years ago in 1959, NORTH SANPETE FEDERAL CREDIT UNION has about 397 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTH SANPETE FEDERAL CREDIT UNION
Address:
(Main Office)
11917 E 24711 N
Fairview, UT 84629
Phone:(435) 462-9075
Fax:
Website:n/a
Branches:2 branch locations
Members:397
Credit Union Type:Federal Credit Union
Charter Number:13224
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,034,746
CEO/Manager:Jessica Clare
Chairperson:John W Ericksen

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 199,336
TOTAL INVESTMENTS 6,523
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 16,193
 Other Loans 810,570
 TOTAL LOANS 826,763
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,950
 Land And Building 0
 Other Fixed Assets 5,181
 NCUSIF Deposit 7,066
 All Other Assets 2,827
  TOTAL ASSETS 1,034,746
LIABILITIES & CAPITAL:  
 Dividends Payable 954
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 975
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 787,223
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 787,223
  TOTAL LIABILITIES 789,152
 Regular Reserve 84,881
 Other Reserves 0
 Undivided Earnings 160,713
  TOTAL EQUITY 245,594
  TOTAL LIABILITIES, SHARES, & EQUITY 1,034,746
INCOME & EXPENSE  
 Loan Income 8,802
 Investment Income 71
 Other Income 0
 Total Employee Compensation & Benefits 2,414
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 3,924
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 954
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,581
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