Sep, 30, 2025 — NEPHI WESTERN EMPLOYEES FEDERAL CREDIT UNION is a federal credit union headquartered in NEPHI, UT with 1 branch location and about $45.23 million in total assets. Opened 76 years ago in 1950, NEPHI WESTERN EMPLOYEES FEDERAL CREDIT UNION has about 2,950 members and employs 5 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | NEPHI WESTERN EMPLOYEES FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 155 N Main St NEPHI, UT 84648-1411 |
| Phone: | (435) 623-1895 |
| Fax: | (435) 623-5445 |
| Website: | https://www.nephicreditunion.com |
| Branches: | 1 branch locations |
| Members: | 2,950 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 6920 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1950 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $45,225,398 |
| CEO/Manager: | MARK DRAKE |
| Chairperson: | Gary Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,495,395 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 16,236,490 |
| Unsecured Loans | 103,553 |
| Other Loans | 12,964,547 |
| TOTAL LOANS | 29,304,590 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -225,108 |
| Land And Building | 671,965 |
| Other Fixed Assets | 35,360 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 288,559 |
| All Other Assets | 0 |
| TOTAL ASSETS | 45,225,398 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 28,614 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 163,853 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 574,601 |
| Regular shares | 17,233,046 |
| All Other Shares & Deposits | 11,741,525 |
| TOTAL SHARES & DEPOSITS | 29,549,172 |
| TOTAL LIABILITIES | 29,741,639 |
| Regular Reserve | 0 |
| Other Reserves | 1,655,010 |
| Undivided Earnings | 13,828,749 |
| TOTAL EQUITY | 15,483,759 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 45,225,398 |
| INCOME & EXPENSE | |
| Loan Income | 1,141,870 |
| Investment Income | 418,467 |
| Other Income | 74,548 |
| Total Employee Compensation & Benefits | 434,582 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 250,903 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 88,802 |
| Cost of Funds | 400,135 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 460,463 |
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