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LOGAN MEDICAL FEDERAL CREDIT UNION

Mar, 31, 2021 — LOGAN MEDICAL FEDERAL CREDIT UNION is a federal credit union headquartered in LOGAN, UT with 1 branch location and about $29.99 million in total assets. Opened 60 years ago in 1961, LOGAN MEDICAL FEDERAL CREDIT UNION has about 2,227 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.


ABA Routing Number: 324377189
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:2,227
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:$29,988,234
CEO/Manager:Dale Howe
Chairperson:Brian Potts

Call Report

  • Commercial Loans
  • Overdraft Lines of Credit
  • Real Estate Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,010,505
TOTAL INVESTMENTS 9,151,314
Loans Held for Sale 0
 
 Real Estate Loans 7,288,363
 Unsecured Loans 382,293
 Other Loans 10,932,235
 TOTAL LOANS 18,602,891
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -75,291
 Land And Building 0
 Other Fixed Assets 7,397
 NCUSIF Deposit 196,696
 All Other Assets 94,722
  TOTAL ASSETS 29,988,234
LIABILITIES & CAPITAL:  
 Dividends Payable 6,481
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 50,191
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 2,164,755
 Regular shares 14,762,427
 All Other Shares & Deposits 8,586,868
  TOTAL SHARES & DEPOSITS 25,514,050
  TOTAL LIABILITIES 25,570,722
 Regular Reserve 292,638
 Other Reserves 0
 Undivided Earnings 4,124,874
  TOTAL EQUITY 4,417,512
  TOTAL LIABILITIES, SHARES, & EQUITY 29,988,234
INCOME & EXPENSE  
 Loan Income 205,713
 Investment Income 25,748
 Other Income 9,563
 Total Employee Compensation & Benefits 71,568
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 43,470
 Non-operating Income & (Expense) 1,155
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,000
 Cost of Funds 47,414
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 80,728
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