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National Credit Union Service Organization

TRANSWEST CREDIT UNION

Dec, 31, 2021 — TRANSWEST CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 5 branch locations and about $185.99 million in total assets. Opened 37 years ago in 1985, TRANSWEST CREDIT UNION has about 14,055 members and employs 37 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324079115
Name:TRANSWEST CREDIT UNION
Address:
(Main Office)
37 W 1700 S
SALT LAKE CITY, UT 84115
Phone:(801) 487-1692
Fax:(801) 486-9743
Website:http://www.transwestcu.com
Branches:5 branch locations
Members:14,055
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:66705
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1985
Last Audited:Sep 01, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$185,988,514
CEO/Manager:Steven Pratt
Chairperson:Roger Beynon

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 26,489,516
TOTAL INVESTMENTS 24,867,047
Loans Held for Sale 0
 
 Real Estate Loans 73,391,385
 Unsecured Loans 7,149,614
 Other Loans 48,668,860
 TOTAL LOANS 129,209,859
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -348,696
 Land And Building 2,337,535
 Other Fixed Assets 607,475
 NCUSIF Deposit 1,583,306
 All Other Assets 1,242,472
  TOTAL ASSETS 185,988,514
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,217,524
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 30,045,775
 Regular shares 57,100,764
 All Other Shares & Deposits 80,275,238
  TOTAL SHARES & DEPOSITS 167,421,777
  TOTAL LIABILITIES 168,639,301
 Regular Reserve 7,165,500
 Other Reserves -161,789
 Undivided Earnings 10,345,502
  TOTAL EQUITY 17,349,213
  TOTAL LIABILITIES, SHARES, & EQUITY 185,988,514
INCOME & EXPENSE  
 Loan Income 5,127,435
 Investment Income 391,350
 Other Income 898,621
 Total Employee Compensation & Benefits 2,745,892
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,571,303
 Non-operating Income & (Expense) -45,042
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 37,000
 Cost of Funds 819,874
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,129,017
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