Dec, 31, 2023 — HORIZON UTAH FEDERAL CREDIT UNION is a federal credit union headquartered in FARMINGTON, UT with 5 branch locations and about $179.42 million in total assets. Opened 68 years ago in 1956, HORIZON UTAH FEDERAL CREDIT UNION has about 12,877 members and employs 49 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HORIZON UTAH FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 225 S 200 W FARMINGTON, UT 84025 |
| Phone: | (801) 451-5064 |
| Fax: | (801) 451-5078 |
| Website: | https://www.myhorizoncu.com |
| Branches: | 5 branch locations |
| Members: | 12,877 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24746 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $179,415,228 |
| CEO/Manager: | W Page Bennett |
| Chairperson: | Jolene Jackson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,859,419 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 53,119,822 |
| Unsecured Loans | 7,106,881 |
| Other Loans | 38,560,612 |
| TOTAL LOANS | 98,787,317 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -902,480 |
| Land And Building | 8,877,196 |
| Other Fixed Assets | 1,041,734 |
| NCUSIF Deposit | 1,533,206 |
| All Other Assets | 366,184 |
| TOTAL ASSETS | 179,415,228 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 129,815 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,697,506 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 30,822,655 |
| Regular shares | 42,923,383 |
| All Other Shares & Deposits | 82,461,061 |
| TOTAL SHARES & DEPOSITS | 156,207,100 |
| TOTAL LIABILITIES | 158,034,421 |
| Regular Reserve | 0 |
| Other Reserves | 18,500,000 |
| Undivided Earnings | 2,880,807 |
| TOTAL EQUITY | 21,380,807 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 179,415,228 |
| INCOME & EXPENSE | |
| Loan Income | 6,150,843 |
| Investment Income | 1,404,660 |
| Other Income | 766,745 |
| Total Employee Compensation & Benefits | 2,933,774 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,779,145 |
| Non-operating Income & (Expense) | -500 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 352,312 |
| Cost of Funds | 1,940,473 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,752,297 |
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