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UTAH FEDERAL CREDIT UNION

Jun, 30, 2021 — UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $26.38 million in total assets. Opened 70 years ago in 1951, UTAH FEDERAL CREDIT UNION has about 1,946 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:1,946
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:$26,383,743
CEO/Manager:Doug C Huntsman
Chairperson:REG V ECKER

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,046,521
TOTAL INVESTMENTS 9,511,285
Loans Held for Sale 0
 
 Real Estate Loans 5,126,976
 Unsecured Loans 1,113,338
 Other Loans 6,048,416
 TOTAL LOANS 12,288,730
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -32,182
 Land And Building 162,755
 Other Fixed Assets 68,692
 NCUSIF Deposit 218,242
 All Other Assets 119,700
  TOTAL ASSETS 26,383,743
LIABILITIES & CAPITAL:  
 Dividends Payable 3,795
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 19,368
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 5,185,531
 Regular shares 5,270,701
 All Other Shares & Deposits 13,308,288
  TOTAL SHARES & DEPOSITS 23,764,520
  TOTAL LIABILITIES 23,787,683
 Regular Reserve 409,200
 Other Reserves 0
 Undivided Earnings 2,186,860
  TOTAL EQUITY 2,596,060
  TOTAL LIABILITIES, SHARES, & EQUITY 26,383,743
INCOME & EXPENSE  
 Loan Income 245,246
 Investment Income 59,961
 Other Income 22,644
 Total Employee Compensation & Benefits 139,487
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 125,325
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 12,100
 Cost of Funds 59,239
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 156,119
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