Dec, 31, 2020 — LOGAN MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $28.56 million in total assets. Opened 60 years ago in 1961, LOGAN MEDICAL FEDERAL CREDIT UNION has about 2,225 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: | http://www.loganmedicalfcu.org |
Branches: | 1 branch locations |
Members: | 2,225 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $28,561,805 |
CEO/Manager: | Dale Howe |
Chairperson: | Brian Potts |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 367,017 |
TOTAL INVESTMENTS | 9,650,165 |
Loans Held for Sale | 0 |
Real Estate Loans | 7,053,141 |
Unsecured Loans | 437,453 |
Other Loans | 10,873,143 |
TOTAL LOANS | 18,363,737 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -108,396 |
Land And Building | 0 |
Other Fixed Assets | 8,567 |
NCUSIF Deposit | 196,696 |
All Other Assets | 84,019 |
TOTAL ASSETS | 28,561,805 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 7,254 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 46,706 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 1,842,232 |
Regular shares | 13,561,571 |
All Other Shares & Deposits | 8,767,257 |
TOTAL SHARES & DEPOSITS | 24,171,060 |
TOTAL LIABILITIES | 24,225,020 |
Regular Reserve | 292,638 |
Other Reserves | 0 |
Undivided Earnings | 4,044,147 |
TOTAL EQUITY | 4,336,785 |
TOTAL LIABILITIES, SHARES, & EQUITY | 28,561,805 |
INCOME & EXPENSE | |
Loan Income | 844,575 |
Investment Income | 139,804 |
Other Income | 57,542 |
Total Employee Compensation & Benefits | 268,522 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 239,376 |
Non-operating Income & (Expense) | 4,290 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 17,000 |
Cost of Funds | 225,017 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 296,296 |
↑ Back to Top |