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 |
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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.utahfederalcu.com |
Branches: | 1 branch locations |
Members: | 1,925 |
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, 2020 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $24,941,778 |
CEO/Manager: | Doug C Huntsman |
Chairperson: | REG V ECKER |
ASSETS: | $ Amount |
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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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