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DESERTVIEW FEDERAL CREDIT UNION

Dec, 31, 2023 — DESERTVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, UT with 2 branch locations and about $41.25 million in total assets. Opened 64 years ago in 1960, DESERTVIEW FEDERAL CREDIT UNION has about 3,549 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:https://www.dview.org
Branches:2 branch locations
Members:3,549
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, 2023
FHLB Member:No
Low Income Designation:No
Assets:$41,250,181
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 3,248,651
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,439,645
 Unsecured Loans 893,166
 Other Loans 14,495,064
 TOTAL LOANS 20,827,875
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,322,064
 Land And Building 83,881
 Other Fixed Assets 157,407
 NCUSIF Deposit 351,256
 All Other Assets 0
  TOTAL ASSETS 41,250,181
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 41,733
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,565,146
 Regular shares 9,824,312
 All Other Shares & Deposits 18,448,167
  TOTAL SHARES & DEPOSITS 35,837,625
  TOTAL LIABILITIES 35,879,358
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 5,370,823
  TOTAL EQUITY 5,370,823
  TOTAL LIABILITIES, SHARES, & EQUITY 41,250,181
INCOME & EXPENSE  
 Loan Income 1,166,936
 Investment Income 349,983
 Other Income 204,713
 Total Employee Compensation & Benefits 713,396
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 772,557
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,049
 Cost of Funds 369,000
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 151,766
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