Credit Unions Chartered In The State Of Utah

Organization Overview

Credit Unions Chartered In The State Of Utah, operating under the name Pacific Horizon Credit Union, is located in Springville, UT. The organization was established in 1956. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Pacific Horizon Credit Union employed 24 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pacific Horizon Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2022, Pacific Horizon Credit Union generated $5.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.4m during the year ending 12/2022. While expenses have increased by 8.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MEMBER-OWNED FINANCIAL INSTITUTION

Describe the Organization's Program Activity:

Part 3 - Line 4a

WE ARE A CREDIT UNION AND WE GIVE REDUCED RATES TO OUR MEMBERS FOR LOANS AND A HIGH RETURN ON MEMBER SAVINGS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$5,588,976
Investment income $30,444
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,619,420

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