Dec, 31, 2021 — UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $27.49 million in total assets. Opened 71 years ago in 1951, UTAH FEDERAL CREDIT UNION has about 1,941 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: | http://www.ridgelinecu.com |
| Branches: | 1 branch locations |
| Members: | 1,941 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,488,068 |
| CEO/Manager: | Doug C Huntsman |
| Chairperson: | REG V ECKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,748,037 |
| TOTAL INVESTMENTS | 11,114,285 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,862,491 |
| Unsecured Loans | 892,546 |
| Other Loans | 6,272,569 |
| TOTAL LOANS | 13,027,606 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,406 |
| Land And Building | 202,338 |
| Other Fixed Assets | 61,411 |
| NCUSIF Deposit | 218,242 |
| All Other Assets | 154,555 |
| TOTAL ASSETS | 27,488,068 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 3,605 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 18,084 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,106,986 |
| Regular shares | 6,063,272 |
| All Other Shares & Deposits | 13,743,606 |
| TOTAL SHARES & DEPOSITS | 24,913,864 |
| TOTAL LIABILITIES | 24,935,553 |
| Regular Reserve | 409,200 |
| Other Reserves | 0 |
| Undivided Earnings | 2,143,315 |
| TOTAL EQUITY | 2,552,515 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,488,068 |
| INCOME & EXPENSE | |
| Loan Income | 487,541 |
| Investment Income | 144,051 |
| Other Income | 50,483 |
| Total Employee Compensation & Benefits | 314,582 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 289,805 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,000 |
| Cost of Funds | 112,775 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 112,572 |
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