Sep, 30, 2025 — HORIZON UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in FARMINGTON, UT with 5 branch locations and about $181.47 million in total assets. Opened 70 years ago in 1956, HORIZON UTAH FEDERAL CREDIT UNION has about 12,380 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HORIZON UTAH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 S 200 W FARMINGTON, UT 84025 |
| Phone: | (801) 451-5064 |
| Fax: | (801) 451-5078 |
| Website: | https://www.myhorizoncu.com |
| Branches: | 5 branch locations |
| Members: | 12,380 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24746 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $181,465,503 |
| CEO/Manager: | W Page Bennett |
| Chairperson: | Bryan Hardy |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,609,291 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 47,130,935 |
| Unsecured Loans | 7,119,856 |
| Other Loans | 36,952,195 |
| TOTAL LOANS | 91,202,986 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,351,825 |
| Land And Building | 17,044,488 |
| Other Fixed Assets | 1,213,507 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,486,953 |
| All Other Assets | 0 |
| TOTAL ASSETS | 181,465,503 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 158,319 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,828,371 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 29,906,249 |
| Regular shares | 34,804,081 |
| All Other Shares & Deposits | 93,501,331 |
| TOTAL SHARES & DEPOSITS | 158,211,661 |
| TOTAL LIABILITIES | 160,198,351 |
| Regular Reserve | 0 |
| Other Reserves | 18,500,000 |
| Undivided Earnings | 2,767,152 |
| TOTAL EQUITY | 21,267,152 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 181,465,503 |
| INCOME & EXPENSE | |
| Loan Income | 4,367,424 |
| Investment Income | 1,878,114 |
| Other Income | 480,161 |
| Total Employee Compensation & Benefits | 2,422,667 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,198,539 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,311,839 |
| Cost of Funds | 1,830,026 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -155,267 |
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