Dec, 31, 2021 — WASATCH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 7 branch locations and about $465.02 million in total assets. Opened 92 years ago in 1930, WASATCH PEAKS FEDERAL CREDIT UNION has about 34,536 members and employs 130 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: | 7 branch locations |
| Members: | 34,536 |
| 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: | $465,018,925 |
| CEO/Manager: | Jeff Shaw |
| Chairperson: | Mark Ramsey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 25,206,999 |
| TOTAL INVESTMENTS | 3,460,738 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 246,606,794 |
| Unsecured Loans | 15,116,029 |
| Other Loans | 120,201,173 |
| TOTAL LOANS | 381,923,996 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,897,887 |
| Land And Building | 16,335,482 |
| Other Fixed Assets | 2,479,810 |
| NCUSIF Deposit | 3,686,829 |
| All Other Assets | 33,822,958 |
| TOTAL ASSETS | 465,018,925 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,779,174 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 94,167,923 |
| Regular shares | 159,106,882 |
| All Other Shares & Deposits | 160,418,897 |
| TOTAL SHARES & DEPOSITS | 413,693,702 |
| TOTAL LIABILITIES | 415,472,876 |
| Regular Reserve | 2,862,236 |
| Other Reserves | 10,076,584 |
| Undivided Earnings | 36,607,229 |
| TOTAL EQUITY | 49,546,049 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 465,018,925 |
| INCOME & EXPENSE | |
| Loan Income | 14,878,839 |
| Investment Income | 319,000 |
| Other Income | 3,390,910 |
| Total Employee Compensation & Benefits | 9,117,570 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 6,699,902 |
| Non-operating Income & (Expense) | 51,362 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 388,857 |
| Cost of Funds | 1,414,879 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 6,006,521 |
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