Dec, 31, 2023 — PACIFIC HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGVILLE, UT with 3 branch locations and about $127.78 million in total assets. Opened 70 years ago in 1954, PACIFIC HORIZON CREDIT UNION has about 8,868 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | PACIFIC HORIZON CREDIT UNION |
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Address: (Main Office) | 96 E Center St SPRINGVILLE, UT 84663 |
Phone: | (801) 489-3605 |
Fax: | (801) 489-4520 |
Website: | https://www.pacifichorizoncu.com |
Branches: | 3 branch locations |
Members: | 8,868 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67147 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1954 |
Last Audited: | Dec 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $127,784,999 |
CEO/Manager: | Steve Clayson |
Chairperson: | John Gurley |
ASSETS: | $ Amount |
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Cash & Equivalents | 15,571,263 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 32,802,876 |
Unsecured Loans | 2,557,409 |
Other Loans | 71,600,781 |
TOTAL LOANS | 106,961,066 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -419,295 |
Land And Building | 2,054,775 |
Other Fixed Assets | 1,057,670 |
NCUSIF Deposit | 1,105,086 |
All Other Assets | 11,000 |
TOTAL ASSETS | 127,784,999 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 262,861 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | -212,349 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 15,238,796 |
Regular shares | 31,298,321 |
All Other Shares & Deposits | 69,191,450 |
TOTAL SHARES & DEPOSITS | 115,728,567 |
TOTAL LIABILITIES | 115,779,079 |
Regular Reserve | 0 |
Other Reserves | -106,598 |
Undivided Earnings | 12,112,518 |
TOTAL EQUITY | 12,005,920 |
TOTAL LIABILITIES, SHARES, & EQUITY | 127,784,999 |
INCOME & EXPENSE | |
Loan Income | 5,560,366 |
Investment Income | 570,604 |
Other Income | 1,037,838 |
Total Employee Compensation & Benefits | 1,095,137 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,215,368 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 273,000 |
Cost of Funds | 2,377,796 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,281,516 |
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