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DESERTVIEW FEDERAL CREDIT UNION

Mar, 31, 2021 — DESERTVIEW FEDERAL CREDIT UNION is a federal credit union headquartered in HUNTINGTON, UT with 2 branch locations and about $43.17 million in total assets. Opened 61 years ago in 1960, DESERTVIEW FEDERAL CREDIT UNION has about 4,166 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)
PO BOX 580
HUNTINGTON, UT 84528
Phone:(435) 687-2472
Fax:(435) 687-9364
Website:http://www.dview.org
Branches:2 branch locations
Members:4,166
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:$43,174,106
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 5,627,587
TOTAL INVESTMENTS 18,907,447
Loans Held for Sale 0
 
 Real Estate Loans 5,486,241
 Unsecured Loans 861,196
 Other Loans 12,820,597
 TOTAL LOANS 19,214,766
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,450,795
 Land And Building 85,129
 Other Fixed Assets 277,542
 NCUSIF Deposit 319,000
 All Other Assets 193,430
  TOTAL ASSETS 43,174,106
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 26,120
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 7,290,532
 Regular shares 10,332,754
 All Other Shares & Deposits 20,530,155
  TOTAL SHARES & DEPOSITS 38,153,441
  TOTAL LIABILITIES 38,179,561
 Regular Reserve 549,852
 Other Reserves 0
 Undivided Earnings 4,444,693
  TOTAL EQUITY 4,994,545
  TOTAL LIABILITIES, SHARES, & EQUITY 43,174,106
INCOME & EXPENSE  
 Loan Income 266,446
 Investment Income 46,842
 Other Income 37,404
 Total Employee Compensation & Benefits 149,468
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 182,044
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 30,000
 Cost of Funds 21,749
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 30,399
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