Dec, 31, 2020 — WASATCH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 8 branch locations and about $421.62 million in total assets. Opened 91 years ago in 1930, WASATCH PEAKS FEDERAL CREDIT UNION has about 33,620 members and employs 115 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: | 33,620 |
| 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, 2019 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $421,617,401 |
| CEO/Manager: | Jeff Shaw |
| Chairperson: | Mark Ramsey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,438,820 |
| TOTAL INVESTMENTS | 3,520,406 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 210,728,035 |
| Unsecured Loans | 29,594,285 |
| Other Loans | 114,705,686 |
| TOTAL LOANS | 355,028,006 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,729,004 |
| Land And Building | 15,198,035 |
| Other Fixed Assets | 908,208 |
| NCUSIF Deposit | 3,331,844 |
| All Other Assets | 33,921,086 |
| TOTAL ASSETS | 421,617,401 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,946,173 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 78,918,717 |
| Regular shares | 134,667,257 |
| All Other Shares & Deposits | 162,532,519 |
| TOTAL SHARES & DEPOSITS | 376,118,493 |
| TOTAL LIABILITIES | 378,064,666 |
| Regular Reserve | 2,862,236 |
| Other Reserves | 10,089,790 |
| Undivided Earnings | 30,600,709 |
| TOTAL EQUITY | 43,552,735 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 421,617,401 |
| INCOME & EXPENSE | |
| Loan Income | 14,403,533 |
| Investment Income | 89,783 |
| Other Income | 6,134,869 |
| Total Employee Compensation & Benefits | 7,319,192 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,708,491 |
| Non-operating Income & (Expense) | -50,768 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,497,078 |
| Cost of Funds | 2,339,076 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,713,580 |
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