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DESERTVIEW FEDERAL CREDIT UNION

Jun, 30, 2024 — DESERTVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, UT with 2 branch locations and about $42.58 million in total assets. Opened 65 years ago in 1960, DESERTVIEW FEDERAL CREDIT UNION has about 3,785 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:3,785
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:$42,575,054
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 2,326,860
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,303,142
 Unsecured Loans 827,336
 Other Loans 12,725,602
 TOTAL LOANS 18,856,080
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,410,785
 Land And Building 54,135
 Other Fixed Assets 173,156
 NCUSIF Deposit 349,754
 All Other Assets 0
  TOTAL ASSETS 42,575,054
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 46,903
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 6,782,888
 Regular shares 11,589,822
 All Other Shares & Deposits 18,959,171
  TOTAL SHARES & DEPOSITS 37,331,881
  TOTAL LIABILITIES 37,378,784
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 5,196,270
  TOTAL EQUITY 5,196,270
  TOTAL LIABILITIES, SHARES, & EQUITY 42,575,054
INCOME & EXPENSE  
 Loan Income 727,802
 Investment Income 123,762
 Other Income 139,698
 Total Employee Compensation & Benefits 516,381
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 557,285
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 1,695
 Cost of Funds 48,372
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 79,357
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