Dec, 31, 2023 — HERCULES FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in TAYLORSVILLE, UT with 3 branch locations and about $163.83 million in total assets. Opened 51 years ago in 1973, HERCULES FIRST FEDERAL CREDIT UNION has about 8,557 members and employs 23 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: | 8,557 |
| 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, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $163,829,190 |
| CEO/Manager: | Brett M Blackburn |
| Chairperson: | Richard K Wilcock |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 679,653 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 64,190,664 |
| Unsecured Loans | 3,406,407 |
| Other Loans | 69,198,271 |
| TOTAL LOANS | 136,795,342 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -326,179 |
| Land And Building | 1,722,669 |
| Other Fixed Assets | 345,689 |
| NCUSIF Deposit | 1,304,033 |
| All Other Assets | 0 |
| TOTAL ASSETS | 163,829,190 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 163,715 |
| Notes & Interest Payable | 21,486,441 |
| Accounts Payable & Other Liabilities | 16,592 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,168,490 |
| Regular shares | 41,050,138 |
| All Other Shares & Deposits | 71,966,508 |
| TOTAL SHARES & DEPOSITS | 128,185,136 |
| TOTAL LIABILITIES | 149,851,884 |
| Regular Reserve | 0 |
| Other Reserves | 7,208,428 |
| Undivided Earnings | 6,768,878 |
| TOTAL EQUITY | 13,977,306 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 163,829,190 |
| INCOME & EXPENSE | |
| Loan Income | 6,317,728 |
| Investment Income | 264,151 |
| Other Income | 500,942 |
| Total Employee Compensation & Benefits | 1,813,859 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,878,730 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 194,500 |
| Cost of Funds | 2,767,131 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 605,928 |
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