Jun, 30, 2021 — WASATCH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 8 branch locations and about $451.43 million in total assets. Opened 91 years ago in 1930, WASATCH PEAKS FEDERAL CREDIT UNION has about 33,998 members and employs 124 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: | http://www.wasatchpeaks.com |
| Branches: | 8 branch locations |
| Members: | 33,998 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $451,429,947 |
| CEO/Manager: | Jeff Shaw |
| Chairperson: | Mark Ramsey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 29,875,217 |
| TOTAL INVESTMENTS | 3,469,132 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 219,004,096 |
| Unsecured Loans | 32,087,334 |
| Other Loans | 114,112,905 |
| TOTAL LOANS | 365,204,335 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,896,004 |
| Land And Building | 16,705,490 |
| Other Fixed Assets | 1,316,052 |
| NCUSIF Deposit | 3,483,258 |
| All Other Assets | 33,272,467 |
| TOTAL ASSETS | 451,429,947 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,671,340 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 90,576,291 |
| Regular shares | 153,329,112 |
| All Other Shares & Deposits | 158,785,038 |
| TOTAL SHARES & DEPOSITS | 402,690,441 |
| TOTAL LIABILITIES | 405,361,781 |
| Regular Reserve | 2,862,236 |
| Other Reserves | 10,085,679 |
| Undivided Earnings | 33,120,251 |
| TOTAL EQUITY | 46,068,166 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 451,429,947 |
| INCOME & EXPENSE | |
| Loan Income | 7,281,064 |
| Investment Income | 33,228 |
| Other Income | 1,404,905 |
| Total Employee Compensation & Benefits | 4,140,639 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,216,528 |
| Non-operating Income & (Expense) | -132,699 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 202,572 |
| Cost of Funds | 764,487 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,519,543 |
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