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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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