Dec, 31, 2023 — UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $26.70 million in total assets. Opened 73 years ago in 1951, UTAH FEDERAL CREDIT UNION has about 1,921 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | UTAH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 564 E 300 S SALT LAKE CITY, UT 84102 |
| Phone: | (801) 328-1521 |
| Fax: | (801) 355-3340 |
| Website: | https://www.ridgelinecu.com |
| Branches: | 1 branch locations |
| Members: | 1,921 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 7546 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $26,701,521 |
| CEO/Manager: | Doug C Huntsman |
| Chairperson: | REG V ECKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 512,677 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,990,196 |
| Unsecured Loans | 1,109,838 |
| Other Loans | 7,547,747 |
| TOTAL LOANS | 14,647,780 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -79,207 |
| Land And Building | 182,180 |
| Other Fixed Assets | 50,948 |
| NCUSIF Deposit | 241,888 |
| All Other Assets | 0 |
| TOTAL ASSETS | 26,701,521 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 11,687 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,370 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 6,488,819 |
| Regular shares | 4,701,242 |
| All Other Shares & Deposits | 12,917,659 |
| TOTAL SHARES & DEPOSITS | 24,107,719 |
| TOTAL LIABILITIES | 24,125,776 |
| Regular Reserve | 0 |
| Other Reserves | 409,200 |
| Undivided Earnings | 2,166,545 |
| TOTAL EQUITY | 2,575,745 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 26,701,521 |
| INCOME & EXPENSE | |
| Loan Income | 665,111 |
| Investment Income | 203,008 |
| Other Income | 55,260 |
| Total Employee Compensation & Benefits | 342,039 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 309,415 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 55,547 |
| Cost of Funds | 250,453 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -17,890 |
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