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 |
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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 |
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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 |
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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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