Dec, 31, 2020 — UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $24.94 million in total assets. Opened 70 years ago in 1951, UTAH FEDERAL CREDIT UNION has about 1,925 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.utahfederalcu.com |
| Branches: | 1 branch locations |
| Members: | 1,925 |
| 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, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,941,778 |
| CEO/Manager: | Doug C Huntsman |
| Chairperson: | REG V ECKER |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,262,260 |
| TOTAL INVESTMENTS | 8,606,285 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 4,959,229 |
| Unsecured Loans | 984,965 |
| Other Loans | 5,646,272 |
| TOTAL LOANS | 11,590,466 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,316 |
| Land And Building | 163,215 |
| Other Fixed Assets | 55,345 |
| NCUSIF Deposit | 182,780 |
| All Other Assets | 123,743 |
| TOTAL ASSETS | 24,941,778 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 5,008 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 17,928 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,479,126 |
| Regular shares | 5,070,442 |
| All Other Shares & Deposits | 12,929,333 |
| TOTAL SHARES & DEPOSITS | 22,478,901 |
| TOTAL LIABILITIES | 22,501,837 |
| Regular Reserve | 409,200 |
| Other Reserves | 0 |
| Undivided Earnings | 2,030,741 |
| TOTAL EQUITY | 2,439,941 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,941,778 |
| INCOME & EXPENSE | |
| Loan Income | 526,306 |
| Investment Income | 157,607 |
| Other Income | 93,297 |
| Total Employee Compensation & Benefits | 299,319 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 266,664 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 66,350 |
| Cost of Funds | 142,552 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,325 |
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