Mar, 31, 2022 — UNIVERSITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 21 branch locations and about $1.79 billion in total assets. Opened 66 years ago in 1956, UNIVERSITY FIRST FEDERAL CREDIT UNION has about 117,919 members and employs 425 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UNIVERSITY FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3450 S Highland Dr SALT LAKE CITY, UT 84106-3375 |
| Phone: | (801) 481-8800 |
| Fax: | (801) 485-8822 |
| Website: | http://www.ufirstcu.com |
| Branches: | 21 branch locations |
| Members: | 117,919 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24710 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,794,474,575 |
| CEO/Manager: | Jack Buttars |
| Chairperson: | Craig Bohn |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 101,410,601 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 400,000 |
| Real Estate Loans | 624,549,667 |
| Unsecured Loans | 65,411,880 |
| Other Loans | 771,176,899 |
| TOTAL LOANS | 1,461,138,446 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,969,287 |
| Land And Building | 47,142,204 |
| Other Fixed Assets | 5,509,876 |
| NCUSIF Deposit | 11,679,812 |
| All Other Assets | 1,311,817 |
| TOTAL ASSETS | 1,794,474,575 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 386,244 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 16,541,785 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 382,029,323 |
| Regular shares | 440,297,541 |
| All Other Shares & Deposits | 743,291,073 |
| TOTAL SHARES & DEPOSITS | 1,565,617,937 |
| TOTAL LIABILITIES | 1,632,545,966 |
| Regular Reserve | 0 |
| Other Reserves | -406,571 |
| Undivided Earnings | 162,335,180 |
| TOTAL EQUITY | 161,928,609 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,794,474,575 |
| INCOME & EXPENSE | |
| Loan Income | 14,342,357 |
| Investment Income | 441,967 |
| Other Income | 1,980,470 |
| Total Employee Compensation & Benefits | 8,545,567 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,376,650 |
| Non-operating Income & (Expense) | 110,268 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 150,170 |
| Cost of Funds | 1,103,498 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,360,211 |
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