Jun, 30, 2024 — UTAH HERITAGE CREDIT UNION is a federally insured state chartered credit union headquartered in MORONI, UT with 5 branch locations and about $121.25 million in total assets. Opened 56 years ago in 1969, UTAH HERITAGE CREDIT UNION has about 8,493 members and employs 25 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 HERITAGE CREDIT UNION |
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Address: (Main Office) | 84 W Main St MORONI, UT 84646 |
Phone: | (435) 436-8288 |
Fax: | (435) 436-8190 |
Website: | https://www.utahheritagecu.org |
Branches: | 5 branch locations |
Members: | 8,493 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67076 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1969 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $121,248,915 |
CEO/Manager: | DONALD WATSON |
Chairperson: | JEFF ANDERSON |
ASSETS: | $ Amount |
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Cash & Equivalents | 14,888,918 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 40,216,999 |
Unsecured Loans | 2,334,220 |
Other Loans | 34,796,364 |
TOTAL LOANS | 83,519,458 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -283,538 |
Land And Building | 2,121,661 |
Other Fixed Assets | 163,672 |
NCUSIF Deposit | 971,874 |
All Other Assets | 200 |
TOTAL ASSETS | 121,248,915 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 22,577 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,116,459 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 22,758,443 |
Regular shares | 44,705,094 |
All Other Shares & Deposits | 41,016,677 |
TOTAL SHARES & DEPOSITS | 108,480,214 |
TOTAL LIABILITIES | 109,619,250 |
Regular Reserve | 0 |
Other Reserves | 4,099,893 |
Undivided Earnings | 7,529,772 |
TOTAL EQUITY | 11,629,665 |
TOTAL LIABILITIES, SHARES, & EQUITY | 121,248,915 |
INCOME & EXPENSE | |
Loan Income | 2,945,727 |
Investment Income | 316,362 |
Other Income | 682,746 |
Total Employee Compensation & Benefits | 1,486,558 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 957,325 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 71,692 |
Cost of Funds | 368,332 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,075,889 |
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