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 |
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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 |
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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 |
ASSETS: | $ Amount |
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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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