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UTAH FEDERAL CREDIT UNION

Mar, 31, 2022 — UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 1 branch location and about $29.36 million in total assets. Opened 71 years ago in 1951, UTAH FEDERAL CREDIT UNION has about 1,930 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.ridgelinecu.com
Branches:1 branch locations
Members:1,930
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:$29,357,931
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 4,209,025
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 5,826,932
 Unsecured Loans 893,813
 Other Loans 6,532,124
 TOTAL LOANS 13,252,869
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -33,358
 Land And Building 201,050
 Other Fixed Assets 68,286
 NCUSIF Deposit 218,242
 All Other Assets 53,319
  TOTAL ASSETS 29,357,931
LIABILITIES & CAPITAL:  
 Dividends Payable 3,302
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,074
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,866,117
 Regular shares 6,201,724
 All Other Shares & Deposits 15,718,673
  TOTAL SHARES & DEPOSITS 26,786,514
  TOTAL LIABILITIES 26,803,890
 Regular Reserve 0
 Other Reserves 409,200
 Undivided Earnings 2,144,841
  TOTAL EQUITY 2,554,041
  TOTAL LIABILITIES, SHARES, & EQUITY 29,357,931
INCOME & EXPENSE  
 Loan Income 123,051
 Investment Income 39,921
 Other Income 10,264
 Total Employee Compensation & Benefits 74,780
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 74,426
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,600
 Cost of Funds 24,858
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,526
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