Mar, 31, 2022 — GOLDENWEST FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 45 branch locations and about $2.61 billion in total assets. Opened 86 years ago in 1936, GOLDENWEST FEDERAL CREDIT UNION has about 164,392 members and employs 693 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) | 5025 Adams Ave OGDEN, UT 84403-4102 |
| Phone: | (801) 337-8300 |
| Fax: | (801) 337-8396 |
| Website: | http://www.gwcu.org |
| Branches: | 45 branch locations |
| Members: | 164,392 |
| 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, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,611,270,740 |
| CEO/Manager: | Kerry H Wahlen |
| Chairperson: | Dan T Musgrave |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 291,389,931 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 7,263,415 |
| Real Estate Loans | 1,003,633,366 |
| Unsecured Loans | 75,513,797 |
| Other Loans | 807,478,091 |
| TOTAL LOANS | 1,886,625,254 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -26,347,512 |
| Land And Building | 67,797,482 |
| Other Fixed Assets | 7,009,335 |
| NCUSIF Deposit | 17,915,601 |
| All Other Assets | 303,755 |
| TOTAL ASSETS | 2,611,270,740 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 975,000 |
| Notes & Interest Payable | 18,000,000 |
| Accounts Payable & Other Liabilities | 32,642,822 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 526,109,099 |
| Regular shares | 1,005,756,931 |
| All Other Shares & Deposits | 693,468,423 |
| TOTAL SHARES & DEPOSITS | 2,225,334,453 |
| TOTAL LIABILITIES | 2,276,952,275 |
| Regular Reserve | 0 |
| Other Reserves | 318,309,192 |
| Undivided Earnings | 16,009,273 |
| TOTAL EQUITY | 334,318,465 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,611,270,740 |
| INCOME & EXPENSE | |
| Loan Income | 18,092,736 |
| Investment Income | 878,932 |
| Other Income | 6,219,260 |
| Total Employee Compensation & Benefits | 10,962,528 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,706,978 |
| Non-operating Income & (Expense) | 27,532 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,348,137 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 8,976,082 |
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