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 |
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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: | 3,549 |
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, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $41,250,181 |
CEO/Manager: | Michael H Nelson |
Chairperson: | Christopher g Justice |
ASSETS: | $ Amount |
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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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