Jun, 30, 2024 — HI-LAND CREDIT UNION is a federally insured state chartered credit union headquartered in MURRAY, UT with 1 branch location and about $58.63 million in total assets. Opened 68 years ago in 1957, HI-LAND CREDIT UNION has about 2,766 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HI-LAND CREDIT UNION |
|---|---|
| Address: (Main Office) | 5366 S EXECUTIVE PARK DR MURRAY, UT 84117 |
| Phone: | (801) 261-8909 |
| Fax: | (801) 261-2302 |
| Website: | https://www.hilandcu.com |
| Branches: | 1 branch locations |
| Members: | 2,766 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 61453 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1957 |
| Last Audited: | Jul 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $58,629,067 |
| CEO/Manager: | Misty M Miller |
| Chairperson: | BRAD J WARDLE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,074,603 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 26,217,534 |
| Unsecured Loans | 662,606 |
| Other Loans | 11,257,066 |
| TOTAL LOANS | 38,137,206 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -268,197 |
| Land And Building | 3,409,842 |
| Other Fixed Assets | 36,784 |
| NCUSIF Deposit | 441,702 |
| All Other Assets | 0 |
| TOTAL ASSETS | 58,629,067 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,563 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 37,814 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,936,933 |
| Regular shares | 30,774,848 |
| All Other Shares & Deposits | 12,051,542 |
| TOTAL SHARES & DEPOSITS | 46,763,323 |
| TOTAL LIABILITIES | 46,804,700 |
| Regular Reserve | 0 |
| Other Reserves | 3,260,663 |
| Undivided Earnings | 8,563,704 |
| TOTAL EQUITY | 11,824,367 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 58,629,067 |
| INCOME & EXPENSE | |
| Loan Income | 934,714 |
| Investment Income | 130,097 |
| Other Income | 109,348 |
| Total Employee Compensation & Benefits | 285,382 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 447,157 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,000 |
| Cost of Funds | 123,932 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 340,689 |
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