Dec, 31, 2023 — UTAH POWER CREDIT UNION is a federally insured state chartered credit union headquartered in MURRAY, UT with 8 branch locations and about $923.38 million in total assets. Opened 89 years ago in 1935, UTAH POWER CREDIT UNION has about 29,518 members and employs 60 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | UTAH POWER CREDIT UNION |
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Address: (Main Office) | 957 E 6600 S MURRAY, UT 84121-2444 |
Phone: | (801) 708-8900 |
Fax: | |
Website: | https://www.utahpowercu.org |
Branches: | 8 branch locations |
Members: | 29,518 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 67132 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $923,376,279 |
CEO/Manager: | Ryan S Pollick |
Chairperson: | Russell K Johnson |
ASSETS: | $ Amount |
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Cash & Equivalents | 32,328,926 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 258,845,212 |
Unsecured Loans | 15,080,434 |
Other Loans | 169,891,145 |
TOTAL LOANS | 443,816,791 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -350,018 |
Land And Building | 6,333,870 |
Other Fixed Assets | 1,492,961 |
NCUSIF Deposit | 6,704,660 |
All Other Assets | 0 |
TOTAL ASSETS | 923,376,279 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 601,032 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 3,655,001 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 42,407,305 |
Regular shares | 413,632,367 |
All Other Shares & Deposits | 360,637,223 |
TOTAL SHARES & DEPOSITS | 816,676,895 |
TOTAL LIABILITIES | 820,932,928 |
Regular Reserve | 0 |
Other Reserves | -29,874,862 |
Undivided Earnings | 132,318,213 |
TOTAL EQUITY | 102,443,351 |
TOTAL LIABILITIES, SHARES, & EQUITY | 923,376,279 |
INCOME & EXPENSE | |
Loan Income | 18,388,240 |
Investment Income | 7,161,070 |
Other Income | 1,133,181 |
Total Employee Compensation & Benefits | 5,763,130 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 5,732,937 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,410 |
Cost of Funds | 13,885,923 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,411,088 |
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