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NORTH SANPETE FEDERAL CREDIT UNION

Dec, 31, 2023 — NORTH SANPETE FEDERAL CREDIT UNION is a federal credit union headquartered in FAIRVIEW, UT with 2 branch locations and about $1.20 million in total assets. Opened 65 years ago in 1959, NORTH SANPETE FEDERAL CREDIT UNION has about 349 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:NORTH SANPETE FEDERAL CREDIT UNION
Address:
(Main Office)
11917 E 24711 N
FAIRVIEW, UT 84629
Phone:(435) 462-9075
Fax:
Website:n/a
Branches:2 branch locations
Members:349
Credit Union Type:Federal Credit Union
Charter Number:13224
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1959
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$1,200,257
CEO/Manager:Jessica Clare
Chairperson:Jeffery Ericksen

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 101,906
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 6,207
 Other Loans 1,088,194
 TOTAL LOANS 1,094,401
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -12,950
 Land And Building 0
 Other Fixed Assets 1,955
 NCUSIF Deposit 10,335
 All Other Assets 0
  TOTAL ASSETS 1,200,257
LIABILITIES & CAPITAL:  
 Dividends Payable 1,190
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,133
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 929,605
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 929,605
  TOTAL LIABILITIES 931,928
 Regular Reserve 0
 Other Reserves 84,881
 Undivided Earnings 183,448
  TOTAL EQUITY 268,329
  TOTAL LIABILITIES, SHARES, & EQUITY 1,200,257
INCOME & EXPENSE  
 Loan Income 42,213
 Investment Income 496
 Other Income 300
 Total Employee Compensation & Benefits 10,906
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 16,920
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 4,982
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 10,201
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