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LOGAN MEDICAL FEDERAL CREDIT UNION

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.


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:https://www.loganmedicalfcu.org
Branches:1 branch locations
Members:2,193
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, 2022
FHLB Member:No
Low Income Designation:No
Assets:$31,903,156
CEO/Manager:Dale Howe
Chairperson:Brian Potts

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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