Dec, 31, 2023 — ALPINE CREDIT UNION is a federally insured state chartered credit union headquartered in OREM, UT with 5 branch locations and about $313.24 million in total assets. Opened 69 years ago in 1955, ALPINE CREDIT UNION has about 20,542 members and employs 64 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ALPINE CREDIT UNION |
|---|---|
| Address: (Main Office) | 1510 N STATE ST OREM, UT 84057-2548 |
| Phone: | (801) 225-0256 |
| Fax: | (801) 224-2586 |
| Website: | https://www.alpinecu.com |
| Branches: | 5 branch locations |
| Members: | 20,542 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64332 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $313,242,318 |
| CEO/Manager: | Paul Atkinson |
| Chairperson: | Gary Seastrand |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,328,757 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 97,091,466 |
| Unsecured Loans | 8,887,429 |
| Other Loans | 106,027,606 |
| TOTAL LOANS | 212,006,501 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -683,042 |
| Land And Building | 11,148,973 |
| Other Fixed Assets | 1,580,639 |
| NCUSIF Deposit | 2,620,637 |
| All Other Assets | 496,989 |
| TOTAL ASSETS | 313,242,318 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 788,632 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 3,090,018 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 50,251,980 |
| Regular shares | 96,813,153 |
| All Other Shares & Deposits | 130,841,158 |
| TOTAL SHARES & DEPOSITS | 277,906,291 |
| TOTAL LIABILITIES | 281,784,941 |
| Regular Reserve | 0 |
| Other Reserves | -753,756 |
| Undivided Earnings | 32,211,133 |
| TOTAL EQUITY | 31,457,377 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 313,242,318 |
| INCOME & EXPENSE | |
| Loan Income | 10,120,130 |
| Investment Income | 940,396 |
| Other Income | 933,582 |
| Total Employee Compensation & Benefits | 4,330,515 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 4,471,836 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 355,000 |
| Cost of Funds | 3,495,490 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,327,500 |
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