Dec, 31, 2023 — HI-LAND CREDIT UNION is a federally insured state chartered credit union headquartered in MURRAY, UT with 1 branch location and about $56.34 million in total assets. Opened 67 years ago in 1957, HI-LAND CREDIT UNION has about 2,779 members and employs 5 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: | 2,779 |
| 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: | Apr 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $56,338,595 |
| CEO/Manager: | Misty M Miller |
| Chairperson: | BRAD J WARDLE |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,913,260 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,052,788 |
| Unsecured Loans | 721,017 |
| Other Loans | 10,362,641 |
| TOTAL LOANS | 41,136,446 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -264,090 |
| Land And Building | 3,316,237 |
| Other Fixed Assets | 24,066 |
| NCUSIF Deposit | 409,720 |
| All Other Assets | 0 |
| TOTAL ASSETS | 56,338,595 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 37,787 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 120,419 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,979,643 |
| Regular shares | 16,485,264 |
| All Other Shares & Deposits | 23,720,562 |
| TOTAL SHARES & DEPOSITS | 44,185,469 |
| TOTAL LIABILITIES | 44,343,675 |
| Regular Reserve | 0 |
| Other Reserves | 3,260,663 |
| Undivided Earnings | 8,734,257 |
| TOTAL EQUITY | 11,994,920 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 56,338,595 |
| INCOME & EXPENSE | |
| Loan Income | 1,649,404 |
| Investment Income | 110,434 |
| Other Income | 132,386 |
| Total Employee Compensation & Benefits | 477,892 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 576,137 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,497 |
| Cost of Funds | 875,138 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,747 |
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