EMPLOYEES FIRST CREDIT UNION is no longer an active credit union according to the NCUA.
Dec, 31, 2023 — EMPLOYEES FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in LOGAN, UT with 2 branch locations and about $754,711 in total assets. Opened 46 years ago in 1978, EMPLOYEES FIRST CREDIT UNION has about 556 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | EMPLOYEES FIRST CREDIT UNION |
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Address: (Main Office) | 885 N 600 W LOGAN, UT 84321 |
Phone: | (435) 752-8175 |
Fax: | (435) 752-5257 |
Website: | n/a |
Branches: | 2 branch locations |
Members: | 556 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67064 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1978 |
Last Audited: | Feb 01, 2021 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $754,711 |
CEO/Manager: | Craig A Russell |
Chairperson: | Joshua Beutler |
ASSETS: | $ Amount |
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Cash & Equivalents | 687,800 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 0 |
Unsecured Loans | 0 |
Other Loans | 49,147 |
TOTAL LOANS | 49,147 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,000 |
Land And Building | 0 |
Other Fixed Assets | 0 |
NCUSIF Deposit | 13,255 |
All Other Assets | 0 |
TOTAL ASSETS | 754,711 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,542 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 0 |
Regular shares | 500,788 |
All Other Shares & Deposits | 29,877 |
TOTAL SHARES & DEPOSITS | 530,665 |
TOTAL LIABILITIES | 533,207 |
Regular Reserve | 0 |
Other Reserves | 103,947 |
Undivided Earnings | 117,557 |
TOTAL EQUITY | 221,504 |
TOTAL LIABILITIES, SHARES, & EQUITY | 754,711 |
INCOME & EXPENSE | |
Loan Income | 1,062 |
Investment Income | 609 |
Other Income | 85 |
Total Employee Compensation & Benefits | 8,589 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 21,067 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
Cost of Funds | 60 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -27,937 |
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