Sep, 30, 2025 — GOLDENWEST FEDERAL CREDIT UNION is a federal credit union headquartered in WASHINGTON TERRACE, UT with 57 branch locations and about $3.87 billion in total assets. Opened 90 years ago in 1936, GOLDENWEST FEDERAL CREDIT UNION has about 206,499 members and employs 787 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GOLDENWEST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 5151 S 400 E WASHINGTON TERRACE, UT 84405 |
| Phone: | (801) 337-8300 |
| Fax: | |
| Website: | https://www.gwcu.org |
| Branches: | 57 branch locations |
| Members: | 206,499 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24693 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $3,869,052,489 |
| CEO/Manager: | Kerry H Wahlen |
| Chairperson: | Dan T Musgrave |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 226,956,369 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 9,519,739 |
| Real Estate Loans | 2,054,877,892 |
| Unsecured Loans | 114,474,003 |
| Other Loans | 1,021,899,270 |
| TOTAL LOANS | 3,191,663,360 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -34,000,000 |
| Land And Building | 129,673,730 |
| Other Fixed Assets | 8,465,618 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 25,300,118 |
| All Other Assets | 1,633,031 |
| TOTAL ASSETS | 3,869,052,489 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 54,034,332 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 491,919,991 |
| Regular shares | 630,819,723 |
| All Other Shares & Deposits | 2,179,593,974 |
| TOTAL SHARES & DEPOSITS | 3,302,333,688 |
| TOTAL LIABILITIES | 3,356,368,020 |
| Regular Reserve | 0 |
| Other Reserves | 496,675,196 |
| Undivided Earnings | 16,009,273 |
| TOTAL EQUITY | 512,684,469 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 3,869,052,489 |
| INCOME & EXPENSE | |
| Loan Income | 148,750,426 |
| Investment Income | 11,231,587 |
| Other Income | 17,538,376 |
| Total Employee Compensation & Benefits | 45,840,886 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 38,632,146 |
| Non-operating Income & (Expense) | 134,880 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,148,030 |
| Cost of Funds | 62,527,708 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 46,539,811 |
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