Jun, 30, 2024 — LOGAN MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $31.90 million in total assets. Opened 63 years ago in 1961, LOGAN MEDICAL FEDERAL CREDIT UNION has about 2,193 members and employs 5 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 |
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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: | 2,193 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 14571 |
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Membership Type: | Multiple common bond - Primarily health care |
Corporate Credit Union: | No |
Year Opened: | 1961 |
Last Audited: | Mar 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $31,903,156 |
CEO/Manager: | Dale Howe |
Chairperson: | Brian Potts |
ASSETS: | $ Amount |
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Cash & Equivalents | 849,846 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 6,858,216 |
Unsecured Loans | 351,161 |
Other Loans | 12,484,850 |
TOTAL LOANS | 19,694,227 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -94,580 |
Land And Building | 0 |
Other Fixed Assets | 1,864 |
NCUSIF Deposit | 247,240 |
All Other Assets | 0 |
TOTAL ASSETS | 31,903,156 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 4,560 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 59,462 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 2,268,247 |
Regular shares | 17,606,206 |
All Other Shares & Deposits | 7,132,770 |
TOTAL SHARES & DEPOSITS | 27,007,223 |
TOTAL LIABILITIES | 27,071,245 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 4,831,911 |
TOTAL EQUITY | 4,831,911 |
TOTAL LIABILITIES, SHARES, & EQUITY | 31,903,156 |
INCOME & EXPENSE | |
Loan Income | 594,610 |
Investment Income | 89,350 |
Other Income | 29,177 |
Total Employee Compensation & Benefits | 221,710 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 162,196 |
Non-operating Income & (Expense) | 1,495 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,415 |
Cost of Funds | 106,954 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 229,650 |
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