Sep, 30, 2025 — HERCULES FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in TAYLORSVILLE, UT with 3 branch locations and about $164.49 million in total assets. Opened 53 years ago in 1973, HERCULES FIRST FEDERAL CREDIT UNION has about 8,707 members and employs 25 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HERCULES FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3141 W 4700 S TAYLORSVILLE, UT 84129-2525 |
| Phone: | (801) 968-9011 |
| Fax: | (801) 966-8852 |
| Website: | https://www.herculescu.com |
| Branches: | 3 branch locations |
| Members: | 8,707 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24902 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1973 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $164,491,032 |
| CEO/Manager: | Brett M Blackburn |
| Chairperson: | Richard K Wilcock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,737,956 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 74,103,528 |
| Unsecured Loans | 3,522,654 |
| Other Loans | 56,133,377 |
| TOTAL LOANS | 133,759,558 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -324,936 |
| Land And Building | 5,870,237 |
| Other Fixed Assets | 533,633 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,275,220 |
| All Other Assets | 657,629 |
| TOTAL ASSETS | 164,491,032 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 171,713 |
| Notes & Interest Payable | 15,280,040 |
| Accounts Payable & Other Liabilities | 257,197 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,432,673 |
| Regular shares | 39,264,695 |
| All Other Shares & Deposits | 76,821,015 |
| TOTAL SHARES & DEPOSITS | 133,518,383 |
| TOTAL LIABILITIES | 149,227,333 |
| Regular Reserve | 0 |
| Other Reserves | 7,208,429 |
| Undivided Earnings | 8,055,270 |
| TOTAL EQUITY | 15,263,699 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 164,491,032 |
| INCOME & EXPENSE | |
| Loan Income | 5,728,358 |
| Investment Income | 215,952 |
| Other Income | 434,770 |
| Total Employee Compensation & Benefits | 1,525,746 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,537,443 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 310,000 |
| Cost of Funds | 2,574,853 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 671,576 |
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