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OREM CITY EMPLOYEES FEDERAL CREDIT UNION

Dec, 31, 2020 — OREM CITY EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in OREM, UT with 1 branch location and about $3.39 million in total assets. Opened 61 years ago in 1960, OREM CITY EMPLOYEES FEDERAL CREDIT UNION has about 691 members and employs 4 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:691
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, 2020
FHLB Member:No
Low Income Designation:No
Assets:$3,391,915
CEO/Manager:Thomas J Phelps
Chairperson:Heather Schreiver

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 811,608
TOTAL INVESTMENTS 991,582
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 173,408
 Other Loans 1,400,237
 TOTAL LOANS 1,573,645
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,235
 Land And Building 0
 Other Fixed Assets 1,112
 NCUSIF Deposit 28,637
 All Other Assets 2,566
  TOTAL ASSETS 3,391,915
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,915
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 2,298,734
 All Other Shares & Deposits 725,636
  TOTAL SHARES & DEPOSITS 3,024,370
  TOTAL LIABILITIES 3,027,285
 Regular Reserve 83,932
 Other Reserves 0
 Undivided Earnings 280,698
  TOTAL EQUITY 364,630
  TOTAL LIABILITIES, SHARES, & EQUITY 3,391,915
INCOME & EXPENSE  
 Loan Income 78,642
 Investment Income 24,706
 Other Income 1,171
 Total Employee Compensation & Benefits 52,250
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 106,530
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,056
 Cost of Funds 7,325
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -64,642
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