Dec, 31, 2023 — DESERET FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in WEST VALLEY CITY, UT with 13 branch locations and about $1.06 billion in total assets. Opened 69 years ago in 1955, DESERET FIRST FEDERAL CREDIT UNION has about 77,086 members and employs 211 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: | 77,086 |
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, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,062,759,564 |
CEO/Manager: | Shane C London |
Chairperson: | Vance K Huntley |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 66,607,357 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,163,000 |
Real Estate Loans | 659,195,920 |
Unsecured Loans | 34,723,965 |
Other Loans | 222,606,467 |
TOTAL LOANS | 916,526,352 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,142,147 |
Land And Building | 33,053,393 |
Other Fixed Assets | 3,781,535 |
NCUSIF Deposit | 8,748,299 |
All Other Assets | 0 |
TOTAL ASSETS | 1,062,759,564 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,300,257 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 14,170,556 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 224,350,255 |
Regular shares | 249,710,575 |
All Other Shares & Deposits | 490,684,207 |
TOTAL SHARES & DEPOSITS | 964,745,037 |
TOTAL LIABILITIES | 980,215,850 |
Regular Reserve | 0 |
Other Reserves | 15,618,663 |
Undivided Earnings | 66,925,051 |
TOTAL EQUITY | 82,543,714 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,062,759,564 |
INCOME & EXPENSE | |
Loan Income | 44,821,491 |
Investment Income | 2,897,848 |
Other Income | 6,939,805 |
Total Employee Compensation & Benefits | 19,143,745 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 15,941,740 |
Non-operating Income & (Expense) | 6,081 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,420,547 |
Cost of Funds | 15,348,149 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 8,284,655 |
↑ Back to Top |