Dec, 31, 2023 — UTAH FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 9 branch locations and about $974.18 million in total assets. Opened 89 years ago in 1935, UTAH FIRST FEDERAL CREDIT UNION has about 36,943 members and employs 117 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UTAH FIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 200 E South Temple SALT LAKE CITY, UT 84111 |
| Phone: | (801) 320-2600 |
| Fax: | (801) 320-2663 |
| Website: | https://www.utahfirst.com |
| Branches: | 9 branch locations |
| Members: | 36,943 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 528 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $974,177,741 |
| CEO/Manager: | Darin B Moody |
| Chairperson: | Dave Pendleton |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 102,964,042 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,032,268 |
| Real Estate Loans | 545,986,746 |
| Unsecured Loans | 30,726,454 |
| Other Loans | 208,981,151 |
| TOTAL LOANS | 785,694,351 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -4,843,418 |
| Land And Building | 39,979,965 |
| Other Fixed Assets | 1,963,112 |
| NCUSIF Deposit | 5,669,015 |
| All Other Assets | 0 |
| TOTAL ASSETS | 974,177,741 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 130,000,000 |
| Accounts Payable & Other Liabilities | 10,750,318 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 123,497,243 |
| Regular shares | 126,148,522 |
| All Other Shares & Deposits | 492,174,760 |
| TOTAL SHARES & DEPOSITS | 741,820,525 |
| TOTAL LIABILITIES | 882,570,843 |
| Regular Reserve | 0 |
| Other Reserves | 83,947 |
| Undivided Earnings | 91,522,951 |
| TOTAL EQUITY | 91,606,898 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 974,177,741 |
| INCOME & EXPENSE | |
| Loan Income | 50,428,276 |
| Investment Income | 4,936,080 |
| Other Income | 4,039,622 |
| Total Employee Compensation & Benefits | 13,034,772 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 15,023,842 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,392,524 |
| Cost of Funds | 21,722,834 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,884,858 |
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