Jun, 30, 2024 — ALPINE CREDIT UNION is a federally insured state chartered credit union headquartered in OREM, UT with 5 branch locations and about $309.27 million in total assets. Opened 70 years ago in 1955, ALPINE CREDIT UNION has about 21,082 members and employs 73 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALPINE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1510 N STATE ST OREM, UT 84057-2548 |
| Phone: | (801) 225-0256 |
| Fax: | (801) 224-2586 |
| Website: | https://www.alpinecu.com |
| Branches: | 5 branch locations |
| Members: | 21,082 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64332 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $309,270,388 |
| CEO/Manager: | Paul Atkinson |
| Chairperson: | John Spencer |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,149,492 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 87,759,800 |
| Unsecured Loans | 8,154,799 |
| Other Loans | 99,013,632 |
| TOTAL LOANS | 194,928,231 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -769,400 |
| Land And Building | 10,897,634 |
| Other Fixed Assets | 794,067 |
| NCUSIF Deposit | 2,555,662 |
| All Other Assets | 20,024 |
| TOTAL ASSETS | 309,270,388 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 156,428 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,468,550 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,545,818 |
| Regular shares | 118,368,143 |
| All Other Shares & Deposits | 108,400,140 |
| TOTAL SHARES & DEPOSITS | 277,314,101 |
| TOTAL LIABILITIES | 279,939,079 |
| Regular Reserve | 0 |
| Other Reserves | -971,775 |
| Undivided Earnings | 30,303,084 |
| TOTAL EQUITY | 29,331,309 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 309,270,388 |
| INCOME & EXPENSE | |
| Loan Income | 5,306,784 |
| Investment Income | 713,159 |
| Other Income | 640,307 |
| Total Employee Compensation & Benefits | 2,976,718 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,876,589 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 145,000 |
| Cost of Funds | 638,244 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,451,344 |
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