Dec, 31, 2023 — UTAH POWER CREDIT UNION is a federally insured state chartered credit union headquartered in MURRAY, UT with 8 branch locations and about $923.38 million in total assets. Opened 89 years ago in 1935, UTAH POWER CREDIT UNION has about 29,518 members and employs 60 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 POWER CREDIT UNION |
|---|---|
| Address: (Main Office) | 957 E 6600 S MURRAY, UT 84121-2444 |
| Phone: | (801) 708-8900 |
| Fax: | |
| Website: | https://www.utahpowercu.org |
| Branches: | 8 branch locations |
| Members: | 29,518 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67132 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $923,376,279 |
| CEO/Manager: | Ryan S Pollick |
| Chairperson: | Russell K Johnson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,328,926 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 258,845,212 |
| Unsecured Loans | 15,080,434 |
| Other Loans | 169,891,145 |
| TOTAL LOANS | 443,816,791 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -350,018 |
| Land And Building | 6,333,870 |
| Other Fixed Assets | 1,492,961 |
| NCUSIF Deposit | 6,704,660 |
| All Other Assets | 0 |
| TOTAL ASSETS | 923,376,279 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 601,032 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,655,001 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 42,407,305 |
| Regular shares | 413,632,367 |
| All Other Shares & Deposits | 360,637,223 |
| TOTAL SHARES & DEPOSITS | 816,676,895 |
| TOTAL LIABILITIES | 820,932,928 |
| Regular Reserve | 0 |
| Other Reserves | -29,874,862 |
| Undivided Earnings | 132,318,213 |
| TOTAL EQUITY | 102,443,351 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 923,376,279 |
| INCOME & EXPENSE | |
| Loan Income | 18,388,240 |
| Investment Income | 7,161,070 |
| Other Income | 1,133,181 |
| Total Employee Compensation & Benefits | 5,763,130 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 5,732,937 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,410 |
| Cost of Funds | 13,885,923 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,411,088 |
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