Sep, 30, 2025 — DESERT RIVERS FEDERAL CREDIT UNION is a federal credit union headquartered in MOAB, UT with 4 branch locations and about $114.57 million in total assets. Opened 69 years ago in 1957, DESERT RIVERS FEDERAL CREDIT UNION has about 8,309 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DESERT RIVERS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 725 N Main St MOAB, UT 84532-2132 |
| Phone: | (435) 259-6124 |
| Fax: | (435) 259-6123 |
| Website: | https://www.desertriverscu.com |
| Branches: | 4 branch locations |
| Members: | 8,309 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24918 |
|---|---|
| Membership Type: | Multiple common bond - Primarily federal, state, local government |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $114,566,031 |
| CEO/Manager: | Sam Crane |
| Chairperson: | Randy Martin |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,367,653 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 37,514,804 |
| Unsecured Loans | 3,737,499 |
| Other Loans | 48,978,252 |
| TOTAL LOANS | 90,230,555 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,235,332 |
| Land And Building | 4,781,496 |
| Other Fixed Assets | 656,104 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,034,092 |
| All Other Assets | 0 |
| TOTAL ASSETS | 114,566,031 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 221,384 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 1,400,000 |
| Share Drafts | 22,363,583 |
| Regular shares | 22,856,281 |
| All Other Shares & Deposits | 59,432,972 |
| TOTAL SHARES & DEPOSITS | 104,652,836 |
| TOTAL LIABILITIES | 106,274,220 |
| Regular Reserve | 0 |
| Other Reserves | 1,117,460 |
| Undivided Earnings | 7,174,351 |
| TOTAL EQUITY | 8,291,811 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 114,566,031 |
| INCOME & EXPENSE | |
| Loan Income | 5,302,487 |
| Investment Income | 472,768 |
| Other Income | 839,551 |
| Total Employee Compensation & Benefits | 2,077,282 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,084,878 |
| Non-operating Income & (Expense) | 304,685 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 334,858 |
| Cost of Funds | 1,844,716 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,152,932 |
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