Sep, 30, 2025 — ELEVATE FEDERAL CREDIT UNION is a federal credit union headquartered in BRIGHAM CITY, UT with 3 branch locations and about $248.52 million in total assets. Opened 72 years ago in 1954, ELEVATE FEDERAL CREDIT UNION has about 15,182 members and employs 46 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELEVATE FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 1023 Medical Dr BRIGHAM CITY, UT 84302-3049 |
| Phone: | (435) 723-3437 |
| Fax: | (435) 723-8424 |
| Website: | https://www.elevatecu.com |
| Branches: | 3 branch locations |
| Members: | 15,182 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 9163 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $248,521,056 |
| CEO/Manager: | Scott Webre |
| Chairperson: | Blake Broadheaad |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 6,075,182 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 74,454,631 |
| Unsecured Loans | 5,428,396 |
| Other Loans | 74,917,469 |
| TOTAL LOANS | 154,800,496 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -358,014 |
| Land And Building | 5,349,174 |
| Other Fixed Assets | 422,769 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,741,426 |
| All Other Assets | 0 |
| TOTAL ASSETS | 248,521,056 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 165,463 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 627,447 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,455,404 |
| Regular shares | 58,521,260 |
| All Other Shares & Deposits | 107,704,100 |
| TOTAL SHARES & DEPOSITS | 196,680,764 |
| TOTAL LIABILITIES | 197,474,603 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 51,046,453 |
| TOTAL EQUITY | 51,046,453 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 248,521,056 |
| INCOME & EXPENSE | |
| Loan Income | 6,429,191 |
| Investment Income | 2,556,120 |
| Other Income | 563,486 |
| Total Employee Compensation & Benefits | 2,557,167 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,893,763 |
| Non-operating Income & (Expense) | 17,883 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 200,465 |
| Cost of Funds | 3,259,407 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,191,202 |
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