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DESERTVIEW FEDERAL CREDIT UNION

Mar, 31, 2022 — DESERTVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, UT with 2 branch locations and about $41.91 million in total assets. Opened 62 years ago in 1960, DESERTVIEW FEDERAL CREDIT UNION has about 4,039 members and employs 11 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)
196 North Main
HUNTINGTON, UT 84528
Phone:(435) 687-2472
Fax:(435) 687-9364
Website:http://www.dview.org
Branches:2 branch locations
Members:4,039
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$41,910,221
CEO/Manager:Michael H Nelson
Chairperson:Christopher g Justice

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Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,620,094
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,395,211
 Unsecured Loans 816,330
 Other Loans 12,705,155
 TOTAL LOANS 18,916,696
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,443,254
 Land And Building 63,698
 Other Fixed Assets 208,478
 NCUSIF Deposit 349,754
 All Other Assets 0
  TOTAL ASSETS 41,910,221
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 37,167
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,698,713
 Regular shares 10,503,087
 All Other Shares & Deposits 19,523,187
  TOTAL SHARES & DEPOSITS 36,724,987
  TOTAL LIABILITIES 36,762,154
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 5,148,067
  TOTAL EQUITY 5,148,067
  TOTAL LIABILITIES, SHARES, & EQUITY 41,910,221
INCOME & EXPENSE  
 Loan Income 240,829
 Investment Income 31,032
 Other Income 40,992
 Total Employee Compensation & Benefits 170,126
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 170,545
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 11,090
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 31,153
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