Mar, 31, 2021 — GOLDENWEST FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 43 branch locations and about $2.33 billion in total assets. Opened 85 years ago in 1936, GOLDENWEST FEDERAL CREDIT UNION has about 152,927 members and employs 776 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) | P O BOX 1111 OGDEN, UT 84402 |
| Phone: | (801) 337-8300 |
| Fax: | (801) 337-8396 |
| Website: | http://www.gwcu.org |
| Branches: | 43 branch locations |
| Members: | 152,927 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,326,185,909 |
| CEO/Manager: | Kerry H Wahlen |
| Chairperson: | William Hart |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 473,668,694 |
| TOTAL INVESTMENTS | 163,015,204 |
| Loans Held for Sale | 13,019,222 |
| Real Estate Loans | 713,406,649 |
| Unsecured Loans | 130,708,010 |
| Other Loans | 743,777,933 |
| TOTAL LOANS | 1,587,892,592 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,725,665 |
| Land And Building | 61,981,208 |
| Other Fixed Assets | 7,356,075 |
| NCUSIF Deposit | 15,282,223 |
| All Other Assets | 31,696,356 |
| TOTAL ASSETS | 2,326,185,909 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 720,000 |
| Notes & Interest Payable | 24,000,000 |
| Accounts Payable & Other Liabilities | 35,175,149 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 444,003,416 |
| Regular shares | 837,907,027 |
| All Other Shares & Deposits | 697,776,898 |
| TOTAL SHARES & DEPOSITS | 1,979,687,341 |
| TOTAL LIABILITIES | 2,039,582,490 |
| Regular Reserve | 15,006,367 |
| Other Reserves | 270,594,146 |
| Undivided Earnings | 1,002,906 |
| TOTAL EQUITY | 286,603,419 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,326,185,909 |
| INCOME & EXPENSE | |
| Loan Income | 17,593,977 |
| Investment Income | 694,521 |
| Other Income | 10,649,524 |
| Total Employee Compensation & Benefits | 10,586,540 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,603,015 |
| Non-operating Income & (Expense) | 55,313 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,001,955 |
| Cost of Funds | 2,663,995 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,996,851 |
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