Jun, 30, 2024 — PACIFIC HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGVILLE, UT with 3 branch locations and about $115.26 million in total assets. Opened 71 years ago in 1954, PACIFIC HORIZON CREDIT UNION has about 8,770 members and employs 18 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 |
|---|---|
| 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: | 8,770 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67147 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Jan 01, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $115,255,849 |
| CEO/Manager: | Steve Clayson |
| Chairperson: | Mike Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 7,322,408 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 30,625,269 |
| Unsecured Loans | 2,313,813 |
| Other Loans | 69,836,435 |
| TOTAL LOANS | 102,775,517 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -410,117 |
| Land And Building | 2,141,947 |
| Other Fixed Assets | 833,669 |
| NCUSIF Deposit | 940,287 |
| All Other Assets | 43,000 |
| TOTAL ASSETS | 115,255,849 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 108,983 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 169,432 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 17,192,874 |
| Regular shares | 38,298,510 |
| All Other Shares & Deposits | 49,301,865 |
| TOTAL SHARES & DEPOSITS | 104,793,249 |
| TOTAL LIABILITIES | 105,071,664 |
| Regular Reserve | 0 |
| Other Reserves | -346,348 |
| Undivided Earnings | 10,530,533 |
| TOTAL EQUITY | 10,184,185 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 115,255,849 |
| INCOME & EXPENSE | |
| Loan Income | 3,277,729 |
| Investment Income | 19,188 |
| Other Income | 673,799 |
| Total Employee Compensation & Benefits | 741,170 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,444,423 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 367,000 |
| Cost of Funds | 691,571 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 870,742 |
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