Dec, 31, 2023 — SOUTH SANPETE CREDIT UNION is a federally insured state chartered credit union headquartered in MANTI, UT with 1 branch location and about $1.09 million in total assets. Opened 68 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: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $1,089,100 |
CEO/Manager: | Jake Hill |
Chairperson: | Aaron Peterson |
ASSETS: | $ Amount |
---|---|
Cash & Equivalents | 315,424 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 26,128 |
Other Loans | 756,610 |
TOTAL LOANS | 782,739 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 12,046 |
All Other Assets | 0 |
TOTAL ASSETS | 1,089,100 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 8 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,342 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 966,379 |
All Other Shares & Deposits | 0 |
TOTAL SHARES & DEPOSITS | 966,379 |
TOTAL LIABILITIES | 967,729 |
Regular Reserve | 0 |
Other Reserves | 46,277 |
Undivided Earnings | 75,094 |
TOTAL EQUITY | 121,371 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,089,100 |
INCOME & EXPENSE | |
Loan Income | 40,778 |
Investment Income | 0 |
Other Income | 11 |
Total Employee Compensation & Benefits | 8,930 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 11,303 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,000 |
Cost of Funds | 15,907 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -16,241 |
↑ Back to Top |