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Utah Heritage Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$7.62M (2023)

Expenses
$5.42M (2023)

Total Assets
$135M (2023)

Total Liabilities
$121M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,617,754
Expenses
$5,415,943
Net Income
$2,201,811
Net Assets
$14,233,849
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $972,884
12.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,644,870
87.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $436,088
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $706,500
13.0%
Assets/Debt
Total Assets $134,932,464
Total Liabilities $120,698,615
Net Assets $14,233,849
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Emily Faux (Coo) $162,802 $0 $0
Tami Olsen (Ceo) $157,591 $0 $0
Greg Sterner (Clo) $115,695 $0 $0
Susan Larsen (Board Member) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Pickett (Board Chairman) $0 $0 $0
Branch Cox (Board Vice Chairman) $0 $0 $0
Casey Anderson (Board Secretary) $0 $0 $0
Carol Blain (Supervisory Committee Member) $0 $0 $0
Carol Jacobsen (Supervisory Committee Member) $0 $0 $0
Blake Donaldson (Supervisory Committee Member) $0 $0 $0
Jeremy Madsen (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,511,472
Expenses
$4,033,210
Net Income
$1,478,262
Net Assets
$12,032,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $500,699
9.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $5,010,773
90.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $594,428
14.7%
Professional Fundraising Fees $0
Other Salaries and Wages $691,220
17.1%
Assets/Debt
Total Assets $119,199,820
Total Liabilities $107,167,782
Net Assets $12,032,038
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Emily Faux (Coo) $156,631 $0 $0
Tami Olsen (Cfo) $151,218 $0 $0
Donald Watson (Ceo) $146,768 $0 $0
Greg Sterner (Clo) $139,811 $0 $0
Susan Larsen (Board Member) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Pickett (Board Chairman) $0 $0 $0
Branch Cox (Board Vice Chairman) $0 $0 $0
Casey Anderson (Board Secretary) $0 $0 $0
Carol Blain (Supervisory Committee Member) $0 $0 $0
Carol Jacobsen (Supervisory Committee Member) $0 $0 $0
Blake Donaldson (Supervisory Committee Member) $0 $0 $0
Jeremy Madsen (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,803,441
Expenses
$3,603,219
Net Income
$1,200,222
Net Assets
$10,553,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $206,188
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,597,253
95.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $575,799
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $503,855
14.0%
Assets/Debt
Total Assets $113,659,654
Total Liabilities $103,105,878
Net Assets $10,553,776
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Greg Sterner (Vp Mortgage/Business Lending) $177,120 $0 $0
Emily Faux (Vp Operations/Hr) $111,751 $0 $0
Donald Watson (Ceo) $109,019 $0 $0
Tami Olsen (Cfo) $104,176 $0 $0
Cheryl Cox (Vp Consumer Lending) $73,733 $0 $0
Susan Larsen (Board Vice Chair) $0 $0 $0
Jeff Anderson (Board Chairman) $0 $0 $0
Claude Pickett (Board Member/Secretary) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Casey Anderson (Board Member) $0 $0 $0
James Hatfield (Supervisory Committee Member) $0 $0 $0
Carol Blain (Supervisory Committee Member) $0 $0 $0
Carol Jacobsen (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,519,494
Expenses
$3,601,958
Net Income
$917,536
Net Assets
$9,353,554
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $222,526
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,296,968
95.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $439,961
12.2%
Professional Fundraising Fees $0
Other Salaries and Wages $580,305
16.1%
Assets/Debt
Total Assets $97,286,773
Total Liabilities $87,933,219
Net Assets $9,353,554
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Donald Watson (Ceo) $97,874 $0 $0
Greg Sterner (Vp Mortgage/Business Lending) $95,548 $0 $0
Emily Faux (Vp Operations/Hr) $93,992 $0 $0
Tami Olsen (Cfo) $83,576 $0 $0
Cheryl Cox (Vp Consumer Lending) $68,971 $0 $0
Susan Larsen (Board Vice Chair) $0 $0 $0
Jeff Anderson (Board Chairman) $0 $0 $0
Claude Pickett (Board Member/Secretary) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Casey Anderson (Board Member) $0 $0 $0
James Hatfield (Supervisory Committee Member) $0 $0 $0
Carol Blain (Supervisory Committee Member) $0 $0 $0
Carol Jacobsen (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,485,086
Expenses
$3,610,245
Net Income
$874,841
Net Assets
$8,436,018
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $297,639
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,187,447
93.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $414,845
11.5%
Professional Fundraising Fees $0
Other Salaries and Wages $608,902
16.9%
Assets/Debt
Total Assets $83,075,135
Total Liabilities $74,639,117
Net Assets $8,436,018
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Donald Watson (Ceo) $95,619 $0 $0
Emily Faux (Vp Operations/Hr) $91,473 $0 $0
Greg Sterner (Vp Mortgage/Business Lending) $80,604 $0 $0
Tami Olsen (Cfo) $80,269 $0 $0
Cheryl Cox (Vp Consumer Lending) $66,880 $0 $0
Susan Larsen (Board Vice Chair) $0 $0 $0
Jeff Anderson (Board Chairman) $0 $0 $0
Claude Pickett (Board Member/Secretary) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Cody Beck (Board Member Secretary) $0 $0 $0
James Hatfield (Supervisory Committee Member) $0 $0 $0
Casey Anderson (Supervisory Committee Member) $0 $0 $0
Carol Blain (Supervisory Committee Member) $0 $0 $0
Carol Jacobsen (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,000,760
Expenses
$3,128,360
Net Income
$872,400
Net Assets
$7,561,177
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $228,171
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,772,589
94.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $391,122
12.5%
Professional Fundraising Fees $0
Other Salaries and Wages $554,495
17.7%
Assets/Debt
Total Assets $72,084,807
Total Liabilities $64,523,630
Net Assets $7,561,177
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Donald Watson (Ceo) $91,429 $0 $0
Emily Faux (Vp Operations/Hr) $86,118 $0 $0
Greg Sterner (Vp Mortgage/Business Lending) $76,295 $0 $0
Tami Olsen (Cfo) $73,778 $0 $0
Cheryl Cox (Vp Consumer Lending) $63,502 $0 $0
Susan Larsen (Board Vice Chair) $0 $0 $0
Jeff Anderson (Board Chairman) $0 $0 $0
Claude Pickett (Board Member/Secretary) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Cody Beck (Board Member Secretary) $0 $0 $0
James Hatfield (Supervisory Committee Member) $0 $0 $0
Casey Anderson (Supervisory Committee Member) $0 $0 $0
Carol Blain (Supervisory Committee Member) $0 $0 $0
Carol Jacobsen (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,433,096
Expenses
$2,735,529
Net Income
$697,567
Net Assets
$6,688,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $160,796
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,272,300
95.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $366,328
13.4%
Professional Fundraising Fees $0
Other Salaries and Wages $511,742
18.7%
Assets/Debt
Total Assets $66,109,194
Total Liabilities $59,420,417
Net Assets $6,688,777
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Donald Watson (Ceo) $83,763 $0 $0
Emily Faux (Vp Operations/Hr) $81,239 $0 $0
Greg Sterner (Vp Mortgage/Business Lending) $72,141 $0 $0
Tami Olsen (Cfo) $68,883 $0 $0
Cheryl Cox (Vp Consumer Lending) $60,302 $0 $0
Susan Larsen (Board Chair) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Pickett (Board Member/Secretary) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Cody Beck (Board Member) $0 $0 $0
James Hatfield (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,258,348
Expenses
$2,660,228
Net Income
$598,120
Net Assets
$5,991,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $79,601
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,178,747
97.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $346,385
13.0%
Professional Fundraising Fees $0
Other Salaries and Wages $511,273
19.2%
Assets/Debt
Total Assets $61,215,426
Total Liabilities $55,224,216
Net Assets $5,991,210
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Donald Watson (Ceo) $81,386 $0 $0
Emily Faux (Vp Operations/Hr) $77,218 $0 $0
Greg Sterner (Vp Mortgage/Business Lending) $65,965 $0 $0
Tami Olsen (Cfo) $64,913 $0 $0
Cheryl Cox (Vp Consumer Lending) $56,903 $0 $0
Susan Larsen (Board Chair) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Pickett (Board Member/Secretary) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Cody Beck (Board Member) $0 $0 $0
Janice B Hintze (Supervisory Committee Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,122,622
Expenses
$2,644,824
Net Income
$477,798
Net Assets
$5,393,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $40,021
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,082,601
98.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $259,517
9.8%
Professional Fundraising Fees $0
Other Salaries and Wages $556,435
21.0%
Assets/Debt
Total Assets $56,864,127
Total Liabilities $51,471,037
Net Assets $5,393,090
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Donald Watson (Ceo) $77,109 $0 $0
Emily Faux (Vice President Operations/Hr) $72,974 $0 $0
Tami Olsen (Cfo) $55,168 $0 $0
Cheryl Cox (Vice President Consumer Lending) $54,266 $0 $0
Susan Larsen (Chairperson) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Picket (Board Member) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Cody Beck (Board Member) $0 $0 $0
Janice B Hintze (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,893,597
Expenses
$2,587,773
Net Income
$305,824
Net Assets
$4,915,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $36,308
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,857,289
98.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $235,277
9.1%
Professional Fundraising Fees $0
Other Salaries and Wages $619,508
23.9%
Assets/Debt
Total Assets $52,754,938
Total Liabilities $47,839,646
Net Assets $4,915,292
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Emily Faux (Vice President Operations/Hr) $68,832 $0 $0
Donald Watson (President Ceo) $68,765 $0 $0
Cheryl Cox (Vice President Consumer Lending) $52,900 $0 $0
Tami Olsen (Cfo) $44,780 $0 $0
Susan Larsen (Chairperson) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Picket (Board Memeber) $0 $0 $0
Cody Beck (Board Member) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Janice B Hintze (Supervisory Committee) $0 $0 $0
Lois Wrubell (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,837,159
Expenses
$2,441,034
Net Income
$396,125
Net Assets
$4,609,468
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $36,299
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,800,860
98.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $160,524
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $667,518
27.3%
Assets/Debt
Total Assets $49,159,430
Total Liabilities $44,549,962
Net Assets $4,609,468
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
H Ilene Rollo (President) $94,555 $0 $0
Emily Faux (Vice President) $65,969 $0 $0
Susan Larsen (Chairperson) $0 $0 $0
Jeff Anderson (Board Member) $0 $0 $0
Claude Picket (Board Memeber) $0 $0 $0
Cody Beck (Board Member) $0 $0 $0
Branch Cox (Board Member) $0 $0 $0
Janice B Hintze (Supervisory Committee) $0 $0 $0
Lois Wrubell (Supervisory Committee) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,820,311
Expenses
$2,387,151
Net Income
$433,160
Net Assets
$4,213,343
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $43,941
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,776,370
98.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $158,162
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $630,417
26.4%
Assets/Debt
Total Assets $47,014,492
Total Liabilities $42,801,149
Net Assets $4,213,343

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,915,844
Expenses
$2,553,909
Net Income
$361,935
Net Assets
$3,780,183
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $38,438
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,877,406
98.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $147,247
5.8%
Professional Fundraising Fees $0
Other Salaries and Wages $577,724
22.6%
Assets/Debt
Total Assets $46,772,214
Total Liabilities $42,992,031
Net Assets $3,780,183

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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