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National Credit Union Service Organization

TANNER EMPLOYEES CREDIT UNION

Dec, 31, 2023 — TANNER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $6.24 million in total assets. Opened 67 years ago in 1957, TANNER EMPLOYEES CREDIT UNION has about 815 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 324079348
Name:TANNER EMPLOYEES CREDIT UNION
Address:
(Main Office)
1865 S Main St Ste 2
SALT LAKE CITY, UT 84115-2377
Phone:(801) 483-8396
Fax:(801) 493-3044
Website:https://www.tannercu.com
Branches:1 branch locations
Members:815
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:67165
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1957
Last Audited:Dec 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$6,241,274
CEO/Manager:Kevin Louder
Chairperson:Scott Morrill

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 779,085
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 190,725
 Other Loans 4,467,375
 TOTAL LOANS 4,658,100
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -58,834
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 61,203
 All Other Assets 0
  TOTAL ASSETS 6,241,274
LIABILITIES & CAPITAL:  
 Dividends Payable 511
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 3,275
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 421,326
 Regular shares 3,192,337
 All Other Shares & Deposits 1,727,519
  TOTAL SHARES & DEPOSITS 5,341,183
  TOTAL LIABILITIES 5,344,969
 Regular Reserve 0
 Other Reserves 369,358
 Undivided Earnings 526,947
  TOTAL EQUITY 896,305
  TOTAL LIABILITIES, SHARES, & EQUITY 6,241,274
INCOME & EXPENSE  
 Loan Income 222,523
 Investment Income 55,060
 Other Income 7,223
 Total Employee Compensation & Benefits 131,575
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 103,339
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 5,992
 Cost of Funds 14,704
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 44,894
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