REGULATING AGENCY: Utah Department of Financial Institutions
LEAGUE: Utah Credit Union Association
PRIVATE SHARE INSURANCE: No
STATS: (As of Q4 2021)
Total Number of Credit Unions: 59
- TOTAL # SCUs: 27
- TOTAL # FCUs: 32
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 46%
Total Assets: $46,165,857,763
- TOTAL $ SCU ASSETS: $2,387,248,623
- TOTAL $ FCU ASSETS: $43,778,609,140
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 5%
Total Members: 3,349,123
- TOTAL Members SCUs: 143,733
- TOTAL Members FCUs: 3,205,390
- SCU % OF TOTAL (SCUS/STATE TOAL): 4%
FUN FACT: Pando, a grove of quaking aspens in Utah’s Fishlake National Forest, is one of the world’s largest and oldest living organisms, linked through a shared root system.
February 4, 2022 — After 45 years with the Utah Department of Financial Institutions, G. Edward “Ed” Leary has announced his retirement as Commissioner.
After working in a Utah community bank for three years, he joined the Utah DIF in 1977 as an examiner. He rose through the ranks, holding positions as an industry supervisor and chief examiner before being appointed commissioner in June 1992.
“It is difficult to leave the agency where I have served almost all of my professional life,” Commissioner Leary said. “I will sorely miss the association and daily contact with the extraordinary people that are serving and have served at the Utah Department of Financial Institutions.”
Leary serves as Chairman of the Utah Board of Financial Institutions and is a Utah Housing Corporation board member. He is the past Chairman of NASCUS and CSBS; he was also Chairman of the Federal Financial Institutions Examination Council’s (FFIEC) State Liaison Committee.
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