Jun, 30, 2023 — WASATCH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 7 branch locations and about $584.79 million in total assets. Opened 93 years ago in 1930, WASATCH PEAKS FEDERAL CREDIT UNION has about 36,511 members and employs 131 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | WASATCH PEAKS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 4723 Harrison Blvd OGDEN, UT 84403-4304 |
| Phone: | (801) 627-8700 |
| Fax: | (801) 476-8033 |
| Website: | https://www.wasatchpeaks.com |
| Branches: | 7 branch locations |
| Members: | 36,511 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24780 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1930 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $584,786,519 |
| CEO/Manager: | Jeff Shaw |
| Chairperson: | Mark Ramsey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 20,808,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 323,680,000 |
| Unsecured Loans | 7,955,456 |
| Other Loans | 162,673,353 |
| TOTAL LOANS | 494,308,809 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,116,659 |
| Land And Building | 17,099,108 |
| Other Fixed Assets | 4,871,995 |
| NCUSIF Deposit | 3,781,990 |
| All Other Assets | 285,000 |
| TOTAL ASSETS | 584,786,519 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 95,651 |
| Notes & Interest Payable | 59,000,000 |
| Accounts Payable & Other Liabilities | 2,155,152 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 98,341,095 |
| Regular shares | 165,550,188 |
| All Other Shares & Deposits | 206,693,058 |
| TOTAL SHARES & DEPOSITS | 470,584,341 |
| TOTAL LIABILITIES | 531,835,144 |
| Regular Reserve | 0 |
| Other Reserves | 9,963,258 |
| Undivided Earnings | 42,988,117 |
| TOTAL EQUITY | 52,951,375 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 584,786,519 |
| INCOME & EXPENSE | |
| Loan Income | 12,580,013 |
| Investment Income | 276,321 |
| Other Income | 2,365,589 |
| Total Employee Compensation & Benefits | 7,253,587 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,030,323 |
| Non-operating Income & (Expense) | -146,707 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 497,920 |
| Cost of Funds | 1,584,070 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,454,728 |
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