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Nonprofit · EIN 87-0254941

CREDIT UNIONS CHARTERED IN THE STATE OF UTAH

Also known as PACIFIC HORIZON

Tax-exempt · SPRINGVILLE, UT 84663

Financials

$7.2M$6M2023$8.3M$9.1M2024$8.6M$7.5M2025
Revenue Expenses · by fiscal year end
Financials of CREDIT UNIONS CHARTERED IN THE STATE OF UTAH by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$8,616,724$7,490,319$1,126,405$138,201,130$125,711,412$12,489,718
December 31, 2024990$8,316,435$9,065,640-$749,205$132,806,974$121,443,661$11,363,313
December 31, 2023990 (amended)$7,242,817$5,961,301$1,281,516$127,784,998$115,672,480$12,112,518
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$7,820,336
Investment income
$796,388
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$132,708
Other salaries and wages
$1,013,501
Salaries, compensation and benefits (total)
$1,318,650
Professional fundraising fees
$0
Legal fees
$34,091
Accounting fees
$2,800
Occupancy
$148,925
Travel
$26,266
Depreciation
$188,240

Balance sheet and other

Total assets, start of year
$132,806,974
Total assets, end of year
$138,201,130
Total liabilities, end of year
$125,711,412
Net assets, end of year
$12,489,718
Land, buildings and equipment
$3,473,892
Gross receipts
$8,616,724
Employees
32
Volunteers
9
Year formed
1954
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Mike ClaysonCEO
Key employee
45$132,708
Craig HuffBoard Chairman
Trustee or director
0.5$0
Mike DavisBoard Secretary
Trustee or director
0.5$0
John GurleyBoard Member
Trustee or director
0.5$0
Jason GwilliamBoard Vice Chairman
Trustee or director
0.5$0
Shideler BennettBoard Member
Trustee or director
0.5$0
Fred TrapnellSupervisory Committee Member
Officer
0.5$0
Nathan HoldawaySupervisory Committee Chair
Officer
0.5$0
Amber BrooksSupervisory Committee Member
Officer
0.5$0
Jordan HalesSupervisory Committee Member
Officer
0.5$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
Mike ClaysonCEO
Key employee
45$118,666
Craig HuffBoard Vice Chairman
Trustee or director
0.5$0
Mike DavisBoard Member
Trustee or director
0.5$0
John GurleyBoard Chairman
Trustee or director
0.5$0
Fred TrapnellBoard Member
Trustee or director
0.5$0
Jason GwilliamBoard Secretary
Trustee or director
0.5$0
Shideler BennettSupervisory Committee Chair
Officer
0.5$0
Stephanie BushmanSupervisory Committee Member
Officer
0.5$0
Nathan HoldawaySupervisory Committee Member
Officer
0.5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Steve ClaysonCEO
Key employee
45$125,208
Craig HuffBoard Vice Chairman
Trustee or director
0.5$0
Mike DavisBoard Member
Trustee or director
0.5$0
John GurleyBoard Chairman
Trustee or director
0.5$0
Fred TrapnellBoard Member
Trustee or director
0.5$0
Jason GwilliamBoard Secretary
Trustee or director
0.5$0
Whitney HurstSupervisory Committee Chair
Officer
0.5$0
Stephanie BushmanSupervisory Committee Member
Officer
0.5$0
Richard PriegoSupervisory Committee Member
Officer
0.5$0

Address and contacts

Address (IRS master file)
96 E CENTER ST, SPRINGVILLE, UT 84663-1348
Principal officer (990 for 2025)
Mike Clayson, 2653 Eagle Dr, Spanish Fork, UT 84660
Signed the 990
Mike Clayson, President
Phone
(801) 489-3605

Mission

Member-owned financial institution

990 for the year ended December 31, 2025

Program accomplishments

  • We are a credit union and we give reduced rates to our members for loans and a high return on member savings.
    Expenses $7,490,320 · revenue $8,616,724

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-0254941
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1956
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$138,201,130
Income (IRS master file)
$8,616,724

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$8,616,724$7,490,319$138,201,130IRS
990December 2024$8,316,435$9,065,640$132,806,974IRS
990December 2023$7,242,817$5,961,301$127,784,998IRS
990December 2022$5,619,420$4,448,209$117,594,895IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-0254941).

Questions about CREDIT UNIONS CHARTERED IN THE STATE OF UTAH

What is the EIN of CREDIT UNIONS CHARTERED IN THE STATE OF UTAH?
The employer identification number (EIN) of CREDIT UNIONS CHARTERED IN THE STATE OF UTAH is 87-0254941.
Is CREDIT UNIONS CHARTERED IN THE STATE OF UTAH tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1956.
Are donations to CREDIT UNIONS CHARTERED IN THE STATE OF UTAH tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does CREDIT UNIONS CHARTERED IN THE STATE OF UTAH file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CREDIT UNIONS CHARTERED IN THE STATE OF UTAH due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT UNIONS CHARTERED IN THE STATE OF UTAH last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of CREDIT UNIONS CHARTERED IN THE STATE OF UTAH?
The 990 for the year ended December 31, 2025 names Mike Clayson.
Who are the officers and directors of CREDIT UNIONS CHARTERED IN THE STATE OF UTAH?
The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $132,708 (Mike Clayson, CEO).
How much revenue does CREDIT UNIONS CHARTERED IN THE STATE OF UTAH have?
On its 990 for the year ended December 31, 2025 it reported revenue of $8,616,724, expenses of $7,490,319 and total assets of $138,201,130 at year end.

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