Dec, 31, 2023 — UNIVERSITY FIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SALT LAKE CITY, UT with 23 branch locations and about $1.97 billion in total assets. Opened 68 years ago in 1956, UNIVERSITY FIRST FEDERAL CREDIT UNION has about 123,898 members and employs 452 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UNIVERSITY FIRST FEDERAL CREDIT UNION |
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Address: (Main Office) | 3450 S Highland Dr SALT LAKE CITY, UT 84106-3375 |
Phone: | (801) 481-8800 |
Fax: | (801) 485-8822 |
Website: | https://www.ufirstcu.com |
Branches: | 23 branch locations |
Members: | 123,898 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24710 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1956 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,969,717,600 |
CEO/Manager: | Jack Buttars |
Chairperson: | Craig Bohn |
ASSETS: | $ Amount |
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Cash & Equivalents | 85,479,564 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 484,000 |
Real Estate Loans | 876,374,233 |
Unsecured Loans | 72,479,902 |
Other Loans | 699,440,414 |
TOTAL LOANS | 1,648,433,463 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,042,190 |
Land And Building | 67,369,291 |
Other Fixed Assets | 5,816,239 |
NCUSIF Deposit | 13,554,639 |
All Other Assets | 1,468,176 |
TOTAL ASSETS | 1,969,717,600 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 3,162,949 |
Notes & Interest Payable | 160,000,000 |
Accounts Payable & Other Liabilities | 16,354,124 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 324,863,453 |
Regular shares | 295,316,373 |
All Other Shares & Deposits | 1,000,344,609 |
TOTAL SHARES & DEPOSITS | 1,620,524,435 |
TOTAL LIABILITIES | 1,800,041,508 |
Regular Reserve | 0 |
Other Reserves | -10,647,803 |
Undivided Earnings | 180,323,895 |
TOTAL EQUITY | 169,676,092 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,969,717,600 |
INCOME & EXPENSE | |
Loan Income | 91,324,687 |
Investment Income | 3,115,765 |
Other Income | 6,942,708 |
Total Employee Compensation & Benefits | 36,838,018 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 30,967,436 |
Non-operating Income & (Expense) | 514,141 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,664,827 |
Cost of Funds | 37,329,567 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 6,152,564 |
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