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OREM CITY EMPLOYEES FEDERAL CREDIT UNION

Mar, 31, 2022 — OREM CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OREM, UT with 1 branch location and about $3.30 million in total assets. Opened 62 years ago in 1960, OREM CITY EMPLOYEES FEDERAL CREDIT UNION has about 850 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:OREM CITY EMPLOYEES FEDERAL CREDIT UNION
Address:
(Main Office)
56 N State St
OREM, UT 84057
Phone:(801) 229-7168
Fax:(801) 229-7352
Website:http://cu.orem.org
Branches:1 branch locations
Members:850
Credit Union Type:Federal Credit Union
Charter Number:13965
Membership Type:Federal, State, Local Government
Corporate Credit Union:No
Year Opened:1960
Last Audited:Jun 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$3,296,207
CEO/Manager:Thomas J Phelps
Chairperson:Shirley Paz

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 1,020,452
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 115,936
 Other Loans 2,140,727
 TOTAL LOANS 2,256,663
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,279
 Land And Building 0
 Other Fixed Assets 16
 NCUSIF Deposit 30,224
 All Other Assets 0
  TOTAL ASSETS 3,296,207
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,977
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,234,235
 All Other Shares & Deposits 700,348
  TOTAL SHARES & DEPOSITS 2,934,583
  TOTAL LIABILITIES 2,937,560
 Regular Reserve 0
 Other Reserves 83,932
 Undivided Earnings 274,715
  TOTAL EQUITY 358,647
  TOTAL LIABILITIES, SHARES, & EQUITY 3,296,207
INCOME & EXPENSE  
 Loan Income 17,321
 Investment Income 1,218
 Other Income 31
 Total Employee Compensation & Benefits 11,708
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,401
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 1,103
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,642
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