Dec, 31, 2023 — AMERICAN UNITED FEDERAL CREDIT UNION is a federal credit union headquartered in WEST JORDAN, UT with 11 branch locations and about $389.15 million in total assets. Opened 72 years ago in 1952, AMERICAN UNITED FEDERAL CREDIT UNION has about 25,956 members and employs 97 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | AMERICAN UNITED FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2687 W 7800 S WEST JORDAN, UT 84088 |
| Phone: | (801) 359-9600 |
| Fax: | (801) 569-1206 |
| Website: | https://www.amucu.org |
| Branches: | 11 branch locations |
| Members: | 25,956 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 8187 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $389,145,796 |
| CEO/Manager: | Jake Bowman |
| Chairperson: | Lisa Jensen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,931,081 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 156,750,342 |
| Unsecured Loans | 59,618,806 |
| Other Loans | 89,075,765 |
| TOTAL LOANS | 305,444,913 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,191,032 |
| Land And Building | 12,201,785 |
| Other Fixed Assets | 1,997,063 |
| NCUSIF Deposit | 2,682,477 |
| All Other Assets | 1,119,563 |
| TOTAL ASSETS | 389,145,796 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 14,999,999 |
| Accounts Payable & Other Liabilities | 5,367,080 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 54,240,342 |
| Regular shares | 59,992,240 |
| All Other Shares & Deposits | 212,082,077 |
| TOTAL SHARES & DEPOSITS | 326,314,660 |
| TOTAL LIABILITIES | 346,681,739 |
| Regular Reserve | 0 |
| Other Reserves | 3,075,018 |
| Undivided Earnings | 39,389,039 |
| TOTAL EQUITY | 42,464,057 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 389,145,796 |
| INCOME & EXPENSE | |
| Loan Income | 19,662,579 |
| Investment Income | 761,038 |
| Other Income | 2,291,031 |
| Total Employee Compensation & Benefits | 8,060,998 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 8,162,153 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,671,158 |
| Cost of Funds | 7,001,277 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,479,650 |
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