Mar, 31, 2022 — WASATCH PEAKS FEDERAL CREDIT UNION is a federal credit union headquartered in OGDEN, UT with 7 branch locations and about $483.40 million in total assets. Opened 92 years ago in 1930, WASATCH PEAKS FEDERAL CREDIT UNION has about 34,920 members and employs 137 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: | 34,920 |
| 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: | $483,404,720 |
| CEO/Manager: | Jeff Shaw |
| Chairperson: | Mark Ramsey |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,838,463 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 251,405,281 |
| Unsecured Loans | 12,943,704 |
| Other Loans | 126,797,336 |
| TOTAL LOANS | 391,146,321 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,899,522 |
| Land And Building | 16,857,632 |
| Other Fixed Assets | 2,468,149 |
| NCUSIF Deposit | 3,686,829 |
| All Other Assets | 46,466 |
| TOTAL ASSETS | 483,404,720 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,835,789 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 102,642,830 |
| Regular shares | 165,565,954 |
| All Other Shares & Deposits | 162,942,096 |
| TOTAL SHARES & DEPOSITS | 431,150,880 |
| TOTAL LIABILITIES | 432,986,669 |
| Regular Reserve | 0 |
| Other Reserves | 10,043,704 |
| Undivided Earnings | 40,374,347 |
| TOTAL EQUITY | 50,418,051 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 483,404,720 |
| INCOME & EXPENSE | |
| Loan Income | 3,643,427 |
| Investment Income | 91,755 |
| Other Income | 720,059 |
| Total Employee Compensation & Benefits | 2,339,460 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,892,102 |
| Non-operating Income & (Expense) | -34,238 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 34,417 |
| Cost of Funds | 298,817 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 904,882 |
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