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National Credit Union Service Organization

TANNER EMPLOYEES CREDIT UNION

Dec, 31, 2020 — TANNER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in Salt Lake City, UT with 1 branch location and about $6.97 million in total assets. Opened 64 years ago in 1957, TANNER EMPLOYEES CREDIT UNION has about 953 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 South Main St ste 2
Salt Lake City, UT 84115-2377
Phone:(801) 483-8396
Fax:(801) 493-3044
Website:http://www.tannercu.com
Branches:1 branch locations
Members:953
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:Jan 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$6,969,579
CEO/Manager:Kevin Louder
Chairperson:Ron Smith

Call Report

  • Overdraft Lines of Credit
  • Pay Day Loans
  • Risk Based Loans
  • ATM/Debit Card Program
  • Check Cashing
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 2,825,198
TOTAL INVESTMENTS 26,853
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 204,010
 Other Loans 3,874,517
 TOTAL LOANS 4,078,527
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,585
 Land And Building 0
 Other Fixed Assets 3,498
 NCUSIF Deposit 49,750
 All Other Assets 27,338
  TOTAL ASSETS 6,969,579
LIABILITIES & CAPITAL:  
 Dividends Payable 25
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,345
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 596,473
 Regular shares 3,334,892
 All Other Shares & Deposits 2,192,853
  TOTAL SHARES & DEPOSITS 6,124,218
  TOTAL LIABILITIES 6,125,588
 Regular Reserve 338,479
 Other Reserves 0
 Undivided Earnings 505,512
  TOTAL EQUITY 843,991
  TOTAL LIABILITIES, SHARES, & EQUITY 6,969,579
INCOME & EXPENSE  
 Loan Income 212,314
 Investment Income 20,250
 Other Income 27,839
 Total Employee Compensation & Benefits 129,213
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 75,729
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 8,515
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 46,946
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