Jun, 30, 2023 — UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $28.00 million in total assets. Opened 72 years ago in 1951, UTAH FEDERAL CREDIT UNION has about 1,923 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: | 1,923 |
| 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, 2022 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $27,996,390 |
| CEO/Manager: | Doug C Huntsman |
| Chairperson: | REG V ECKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 534,843 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,039,340 |
| Unsecured Loans | 1,011,893 |
| Other Loans | 6,970,639 |
| TOTAL LOANS | 14,021,872 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -38,891 |
| Land And Building | 194,848 |
| Other Fixed Assets | 65,882 |
| NCUSIF Deposit | 242,928 |
| All Other Assets | 0 |
| TOTAL ASSETS | 27,996,390 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,920 |
| Notes & Interest Payable | 383,998 |
| Accounts Payable & Other Liabilities | 6,747 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 5,229,664 |
| Regular shares | 5,791,589 |
| All Other Shares & Deposits | 13,965,838 |
| TOTAL SHARES & DEPOSITS | 24,987,091 |
| TOTAL LIABILITIES | 25,380,756 |
| Regular Reserve | 0 |
| Other Reserves | 409,200 |
| Undivided Earnings | 2,206,434 |
| TOTAL EQUITY | 2,615,634 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 27,996,390 |
| INCOME & EXPENSE | |
| Loan Income | 391,069 |
| Investment Income | 139,300 |
| Other Income | 37,076 |
| Total Employee Compensation & Benefits | 229,239 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 207,262 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 14,950 |
| Cost of Funds | 76,051 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 63,119 |
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