Sep, 30, 2025 — DESERET FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in WEST VALLEY CITY, UT with 13 branch locations and about $1.22 billion in total assets. Opened 71 years ago in 1955, DESERET FIRST FEDERAL CREDIT UNION has about 85,969 members and employs 219 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DESERET FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3999 W Parkway Blvd WEST VALLEY CITY, UT 84120 |
| Phone: | (801) 456-7000 |
| Fax: | (801) 364-6747 |
| Website: | https://www.dfcu.com |
| Branches: | 13 branch locations |
| Members: | 85,969 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24708 |
|---|---|
| Membership Type: | Multiple common bond - Primarily faith based |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,218,894,662 |
| CEO/Manager: | Shane C London |
| Chairperson: | Kathleen C Fueston |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 84,574,180 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,846,300 |
| Real Estate Loans | 725,401,504 |
| Unsecured Loans | 41,901,368 |
| Other Loans | 253,291,379 |
| TOTAL LOANS | 1,020,594,251 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,344,447 |
| Land And Building | 32,652,255 |
| Other Fixed Assets | 4,318,664 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,355,020 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,218,894,662 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,846,802 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 20,101,477 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 216,554,728 |
| Regular shares | 222,477,244 |
| All Other Shares & Deposits | 659,840,481 |
| TOTAL SHARES & DEPOSITS | 1,098,872,454 |
| TOTAL LIABILITIES | 1,120,839,935 |
| Regular Reserve | 0 |
| Other Reserves | 16,043,345 |
| Undivided Earnings | 82,011,382 |
| TOTAL EQUITY | 98,054,727 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,218,894,662 |
| INCOME & EXPENSE | |
| Loan Income | 44,224,582 |
| Investment Income | 4,457,425 |
| Other Income | 6,638,588 |
| Total Employee Compensation & Benefits | 17,166,354 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,858,944 |
| Non-operating Income & (Expense) | -684 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,270,079 |
| Cost of Funds | 19,446,043 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,411,397 |
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