Jun, 30, 2024 — HORIZON UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in FARMINGTON, UT with 5 branch locations and about $185.72 million in total assets. Opened 68 years ago in 1956, HORIZON UTAH FEDERAL CREDIT UNION has about 13,396 members and employs 45 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: | 13,396 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24746 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $185,718,362 |
| CEO/Manager: | W Page Bennett |
| Chairperson: | Jolene Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,643,807 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 55,853,341 |
| Unsecured Loans | 5,914,387 |
| Other Loans | 42,667,247 |
| TOTAL LOANS | 104,434,975 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,030,062 |
| Land And Building | 7,310,529 |
| Other Fixed Assets | 585,506 |
| NCUSIF Deposit | 1,583,568 |
| All Other Assets | 0 |
| TOTAL ASSETS | 185,718,362 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 36,939 |
| Notes & Interest Payable | 30,000 |
| Accounts Payable & Other Liabilities | 1,598,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,683,180 |
| Regular shares | 50,918,785 |
| All Other Shares & Deposits | 81,840,196 |
| TOTAL SHARES & DEPOSITS | 165,442,161 |
| TOTAL LIABILITIES | 167,107,584 |
| Regular Reserve | 0 |
| Other Reserves | 12,600,000 |
| Undivided Earnings | 6,010,778 |
| TOTAL EQUITY | 18,610,778 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 185,718,362 |
| INCOME & EXPENSE | |
| Loan Income | 3,492,957 |
| Investment Income | 615,718 |
| Other Income | 572,690 |
| Total Employee Compensation & Benefits | 2,120,189 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,868,403 |
| Non-operating Income & (Expense) | 60,408 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -58,551 |
| Cost of Funds | 312,876 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,661,414 |
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