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National Credit Union Service Organization

TANNER EMPLOYEES CREDIT UNION

Dec, 31, 2021 — TANNER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $7.03 million in total assets. Opened 65 years ago in 1957, TANNER EMPLOYEES CREDIT UNION has about 909 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:http://www.tannercu.com
Branches:1 branch locations
Members:909
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:$7,030,380
CEO/Manager:Kevin Louder
Chairperson:Ron Smith

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 597,714
TOTAL INVESTMENTS 3,276,853
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 145,870
 Other Loans 2,971,301
 TOTAL LOANS 3,117,171
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -41,585
 Land And Building 0
 Other Fixed Assets 1,749
 NCUSIF Deposit 61,242
 All Other Assets 17,236
  TOTAL ASSETS 7,030,380
LIABILITIES & CAPITAL:  
 Dividends Payable 22
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 945
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 537,055
 Regular shares 3,601,300
 All Other Shares & Deposits 2,029,625
  TOTAL SHARES & DEPOSITS 6,167,980
  TOTAL LIABILITIES 6,168,947
 Regular Reserve 355,334
 Other Reserves 0
 Undivided Earnings 506,099
  TOTAL EQUITY 861,433
  TOTAL LIABILITIES, SHARES, & EQUITY 7,030,380
INCOME & EXPENSE  
 Loan Income 190,689
 Investment Income 2,724
 Other Income 7,948
 Total Employee Compensation & Benefits 113,795
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 87,128
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,416
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 17,443
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