Sep, 30, 2025 — LOGAN MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $32.83 million in total assets. Opened 65 years ago in 1961, LOGAN MEDICAL FEDERAL CREDIT UNION has about 2,005 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | LOGAN MEDICAL FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 500 E 1400 N LOGAN, UT 84341 |
| Phone: | (435) 716-5392 |
| Fax: | (435) 753-4179 |
| Website: | https://www.loganmedicalfcu.org |
| Branches: | 1 branch locations |
| Members: | 2,005 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 14571 |
|---|---|
| Membership Type: | Multiple common bond - Primarily health care |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $32,833,008 |
| CEO/Manager: | Dale Howe |
| Chairperson: | Brian Potts |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 248,110 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,124,650 |
| Unsecured Loans | 400,526 |
| Other Loans | 10,652,191 |
| TOTAL LOANS | 17,177,367 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -83,546 |
| Land And Building | 0 |
| Other Fixed Assets | 337,464 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 240,625 |
| All Other Assets | 0 |
| TOTAL ASSETS | 32,833,008 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 26,238 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,768 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 2,619,870 |
| Regular shares | 10,843,539 |
| All Other Shares & Deposits | 13,394,433 |
| TOTAL SHARES & DEPOSITS | 26,857,842 |
| TOTAL LIABILITIES | 26,944,848 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 5,888,160 |
| TOTAL EQUITY | 5,888,160 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 32,833,008 |
| INCOME & EXPENSE | |
| Loan Income | 791,637 |
| Investment Income | 380,320 |
| Other Income | 46,681 |
| Total Employee Compensation & Benefits | 251,801 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 286,032 |
| Non-operating Income & (Expense) | 1,005 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 6,390 |
| Cost of Funds | 425,190 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 259,639 |
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