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.
| 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 |
| 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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