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UTAH POWER CREDIT UNION

Mar, 31, 2022 — UTAH POWER CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 8 branch locations and about $967.68 million in total assets. Opened 87 years ago in 1935, UTAH POWER CREDIT UNION has about 28,566 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324079539
Name:UTAH POWER CREDIT UNION
Address:
(Main Office)
957 E 6600 S
SALT LAKE CITY, UT 84121
Phone:(801) 708-8900
Fax:
Website:http://www.utahpowercu.org
Branches:8 branch locations
Members:28,566
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$967,676,458
CEO/Manager:Ryan S Pollick
Chairperson:Russell K Johnson

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 26,201,969
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 208,213,233
 Unsecured Loans 11,996,523
 Other Loans 159,885,108
 TOTAL LOANS 380,094,864
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -334,386
 Land And Building 6,049,462
 Other Fixed Assets 927,821
 NCUSIF Deposit 6,740,988
 All Other Assets 0
  TOTAL ASSETS 967,676,458
LIABILITIES & CAPITAL:  
 Dividends Payable 969,912
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,994,910
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 40,217,605
 Regular shares 716,072,169
 All Other Shares & Deposits 114,215,936
  TOTAL SHARES & DEPOSITS 870,505,710
  TOTAL LIABILITIES 873,470,532
 Regular Reserve 0
 Other Reserves -25,591,312
 Undivided Earnings 119,797,238
  TOTAL EQUITY 94,205,926
  TOTAL LIABILITIES, SHARES, & EQUITY 967,676,458
INCOME & EXPENSE  
 Loan Income 3,298,841
 Investment Income 2,181,592
 Other Income 263,521
 Total Employee Compensation & Benefits 1,340,154
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 1,225,688
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,168,857
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -258,156
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