Dec, 31, 2023 — PACIFIC HORIZON CREDIT UNION is a federally insured state chartered credit union headquartered in SPRINGVILLE, UT with 3 branch locations and about $127.78 million in total assets. Opened 70 years ago in 1954, PACIFIC HORIZON CREDIT UNION has about 8,868 members and employs 19 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PACIFIC HORIZON CREDIT UNION |
|---|---|
| Address: (Main Office) | 96 E Center St SPRINGVILLE, UT 84663 |
| Phone: | (801) 489-3605 |
| Fax: | (801) 489-4520 |
| Website: | https://www.pacifichorizoncu.com |
| Branches: | 3 branch locations |
| Members: | 8,868 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67147 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $127,784,999 |
| CEO/Manager: | Steve Clayson |
| Chairperson: | John Gurley |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,571,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 32,802,876 |
| Unsecured Loans | 2,557,409 |
| Other Loans | 71,600,781 |
| TOTAL LOANS | 106,961,066 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -419,295 |
| Land And Building | 2,054,775 |
| Other Fixed Assets | 1,057,670 |
| NCUSIF Deposit | 1,105,086 |
| All Other Assets | 11,000 |
| TOTAL ASSETS | 127,784,999 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 262,861 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -212,349 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 15,238,796 |
| Regular shares | 31,298,321 |
| All Other Shares & Deposits | 69,191,450 |
| TOTAL SHARES & DEPOSITS | 115,728,567 |
| TOTAL LIABILITIES | 115,779,079 |
| Regular Reserve | 0 |
| Other Reserves | -106,598 |
| Undivided Earnings | 12,112,518 |
| TOTAL EQUITY | 12,005,920 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 127,784,999 |
| INCOME & EXPENSE | |
| Loan Income | 5,560,366 |
| Investment Income | 570,604 |
| Other Income | 1,037,838 |
| Total Employee Compensation & Benefits | 1,095,137 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,215,368 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 273,000 |
| Cost of Funds | 2,377,796 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,281,516 |
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