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SOUTH SANPETE CREDIT UNION

Jun, 30, 2024 — SOUTH SANPETE CREDIT UNION is a federally insured state chartered credit union headquartered in MANTI, UT with 1 branch location and about $1.30 million in total assets. Opened 69 years ago in 1956, SOUTH SANPETE CREDIT UNION has about 190 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:SOUTH SANPETE CREDIT UNION
Address:
(Main Office)
39 S Main St
MANTI, UT 84642
Phone:(435) 835-2261
Fax:(435) 835-2265
Website:n/a
Branches:1 branch locations
Members:190
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67130
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1956
Last Audited:May 01, 2022
FHLB Member:No
Low Income Designation:No
Assets:$1,299,656
CEO/Manager:Jake Hill
Chairperson:Aaron Peterson

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 578,920
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 12,689
 Other Loans 715,280
 TOTAL LOANS 727,969
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -21,600
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 12,260
 All Other Assets 0
  TOTAL ASSETS 1,299,656
LIABILITIES & CAPITAL:  
 Dividends Payable 87
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 990
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,186,251
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,186,251
  TOTAL LIABILITIES 1,187,328
 Regular Reserve 0
 Other Reserves 41,277
 Undivided Earnings 71,051
  TOTAL EQUITY 112,328
  TOTAL LIABILITIES, SHARES, & EQUITY 1,299,656
INCOME & EXPENSE  
 Loan Income 23,463
 Investment Income 0
 Other Income 10
 Total Employee Compensation & Benefits 6,967
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 7,171
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,739
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,479
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