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DESERTVIEW FEDERAL CREDIT UNION

Dec, 31, 2020 — DESERTVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, UT with 2 branch locations and about $40.75 million in total assets. Opened 61 years ago in 1960, DESERTVIEW FEDERAL CREDIT UNION has about 4,131 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:DESERTVIEW FEDERAL CREDIT UNION
Address:
(Main Office)
PO BOX 580
HUNTINGTON, UT 84528
Phone:(435) 687-2472
Fax:(435) 687-9364
Website:http://www.dview.org
Branches:2 branch locations
Members:4,131
Credit Union Type:Federal Credit Union
Charter Number:13790
Membership Type:Community - Rural District
Corporate Credit Union:No
Year Opened:1960
Last Audited:Oct 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$40,754,752
CEO/Manager:Michael H Nelson
Chairperson:Christopher g Justice

Call Report

  • Commercial Loans
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,355,503
TOTAL INVESTMENTS 16,995,447
Loans Held for Sale 0
 
 Real Estate Loans 5,587,115
 Unsecured Loans 969,765
 Other Loans 13,360,418
 TOTAL LOANS 19,965,421
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,419,126
 Land And Building 90,487
 Other Fixed Assets 298,886
 NCUSIF Deposit 300,648
 All Other Assets 167,486
  TOTAL ASSETS 40,754,752
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 30,445
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,235,521
 Regular shares 9,227,569
 All Other Shares & Deposits 20,297,071
  TOTAL SHARES & DEPOSITS 35,760,161
  TOTAL LIABILITIES 35,790,606
 Regular Reserve 549,852
 Other Reserves 0
 Undivided Earnings 4,414,294
  TOTAL EQUITY 4,964,146
  TOTAL LIABILITIES, SHARES, & EQUITY 40,754,752
INCOME & EXPENSE  
 Loan Income 1,112,407
 Investment Income 274,613
 Other Income 447,476
 Total Employee Compensation & Benefits 608,503
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 740,492
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 120,000
 Cost of Funds 137,366
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 228,135
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