2024-02-22T07:31:27-08:00 2023-12-31 870514498 Aycock Miles & Assoc CPAs 58 East 100 North 83-13 Roosevelt UT 84066 990 2023-01-01 876120660 Kings Peak Credit Union KING 4357223795 180 N 300 E 123-12 Roosevelt UT 84066 Ryan Reynolds President & CEO 2024-02-22 true Ryan Reynolds 999009999 true Michael J Miles P00153639 4357225153 2 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z Ryan Reynolds 180 N 300 E 123-12 Roosevelt UT 84066 3594263 false X kingspeakcu.com X 1960 UT The credit union provides the following to its members: checking and savings accounts, debit cards, consumer loans and open-end loans, business loans, real estate loans, home equity loans and construction loans. 7 7 9 0 0 2617925 3345336 48180 248927 0 2666105 3594263 0 0 545273 562260 0 0 1294185 2146065 1839458 2708325 826647 885938 39693245 46311508 36550667 42282992 3142578 4028516 Provide natural citizens a community credit union that provides members with basic financial services of consumer loans, checking and savings accounts, and debit cards. false false The credit union provides the following to its members: checking and savings accounts, debit cards, consumer loans and open-end loans, business loans, real estate loans, home equity loans and construction loans. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 396 0 true 9 true false false false false false false false false X 7 7 false false false false true true true true true false false true true true true false true true true false UT X Ryan Reynolds 4357223795 180 N 300 E 123-12 Roosevelt UT 84066 Ryan Reynolds President & CEO 40.00 0.00 X 113592 0 0 William Fausett Chairman 1.00 0.00 X X 0 0 0 Adri Ann Wootton Secretary 1.00 0.00 X X 0 0 0 Ben Pugh Director 1.00 0.00 X 0 0 0 Brett Larsen Director 1.00 0.00 X 0 0 0 Bert Potts Vice Chairman 1.00 0.00 X X 0 0 0 Nicholas B Ogden Director 1.00 0.00 X 0 0 0 113592 1 false false false 0 0 Commissions on insurances 524298 354054 354054 Interest from loans 522291 2630344 2630344 Miscellaneous 525990 10586 10586 Service fees & charges 522100 350352 350352 3345336 248927 248927 0 0 0 0 0 0 0 0 3594263 3594263 0 0 0 0 113592 113592 0 360918 360918 0 50283 38215 12068 37467 28475 8992 0 0 0 0 0 0 0 73116 73116 442704 442704 0 0 120255 120255 59002 59002 0 0 0 0 0 0 Dividend 1005418 1005418 Provision for loan losses 195000 195000 Loan servicing 157160 157160 Professional & outside service 93619 93619 -209 -209 2708325 2514671 193654 0 5290622 5518683 3144140 5383302 0 128843 192618 0 0 30042979 33941741 0 170875 229446 1056036 274428 714568 781608 0 0 0 0 201218 264110 39693245 46311508 44627 31817 36506040 42251175 36550667 42282992 X 3142578 4028516 3142578 4028516 39693245 46311508 885938 X false true X true false 233020 233020 643437 173237 470200 152787 78477 74310 26792 22714 4078 781608 Member share accounts 42251175 42251175 Adri Wootton Director Home loan X 131798 118995 false true true Bert Potts Director Home loan X 194189 164672 false true true Nicholas Ogden Director Loan X 5000 3232 false true true Brett Larsen Director Loan X 71908 70380 false true true 357279 Form 990, Part VI, Section A, Line 6 Members are credit union account shareholders. Form 990, Part VI, Section A, Line 7a All Board Members are elected by member/shareholders to their positions. Form 990, Part VI, Section A, Line 7b The governance decision reserved for members is teh ability to stop credit union operations or merge with another credit union. Form 990, Part VI, Section B, Line 11b President/CEO reviews 990 prior to submittal. Form 990, Part VI, Section B, Line 12c Key employees review conflict of interest policy. Only Board of Directors approve CEO loans. A supervisory committee reviews Board Member loans. Form 990, Part VI, Section B, Line 15a Board Members approve CEO and key employee wages. Form 990, Part VI, Section B, Line 15b The Board of Directors regularly reviews wages and compares key employee wages to similar entities in the region. Form 990, Part VI, Section C, Line 19 Financial statements are made available upon request at the Credit Union office. Financial statements are presented at the annual meeting.