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Overview / Commentary
801-566-4195
9260 S 300 E
Sandy, UT 84070

Jordan Credit Union is headquartered in Sandy and is the 12st largest credit union in the state of Utah. It is also the 835th largest credit union in the nation. It was established in 1950 and as of December of 2013, it had grown to 63 employees and 25,132 members. Jordan Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, volunteer or attend school in Salt Lake County. Also open to employees of several Select Employee Groups. - See Details

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Jordan Credit Union had $1.47 million in non-current loans and owned real-estate with $19.39 million in equity and loan loss allowances on hand to cover it. This gives Jordan Credit Union a Texas Ratio of 7.57% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Jordan Credit Union experienced no significant changes from 4.79% as of December 31, 2012 to 7.57% as of December 31, 2013, resulting in a negative change of 58.04%. This indicates that the balance sheet and financial strength for Jordan Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Jordan Credit Union has increased its total deposits by $7.19 million, resulting in 3.61% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Jordan Credit Union has shown is excellent.

Capitalization

GRADE:
C

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Jordan Credit Union has $227.23 million in assets with $19.39 million in equity, resulting in a capitalization level of 8.53%, which is average.

Institution Statistics

Overall
NCUA #24698
Year Chartered1950
Employees63
Primary Regulator
Assets and Liabilities
Assets$227.23 million
Loans$135.06 million
Deposits$206.44 million
Equity Capital$18.55 million
Loan Loss Allowance$836,000
Unbacked Noncurrent Loans$1.22 million
Real Estate Owned$247,000
Historic Data - December 2012
Assets$217.78 million
Equity Capital$17.05 million
Loan Loss Allowance$1.52 million
Unbacked Noncurrent Loans$1.22 million
Real Estate Owned$315,000
Profit Margin - Quarterly
Net Interest Margin4.35%
Return on Assets0.6%
Return on Equity7.34%
Interest Income$7.27 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Jordan Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Jordan Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$500-IRA Share Savings
0.25%$500-Roth IRA Share Savings

Jordan Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-ELITE Money Market Deposit Account
0.15%$2,500-Money Market Deposit Account

Jordan Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$10kReward Checking
0.05%--Reward Checking

Jordan Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.81%$40k-60 Month Share Certificate
0.90%$40k-36 Month Share Certificate
0.50%$40k-24 Month Share Certificate
0.35%$40k-12 Month Share Certificate
0.35%$40k-18 Month Share Certificate
0.30%$40k-6 Month Share Certificate

Jordan Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.81%$40k-60 Month IRA Certificate (Traditional,Roth)
0.90%$40k-36 Month IRA Certificate (Traditional,Roth)
0.50%$40k-24 Month IRA Certificate (Traditional,Roth)
0.35%$40k-12 Month IRA Certificate (Traditional,Roth)
0.35%$40k-18 Month IRA Certificate (Traditional,Roth)
0.30%$40k-6 Month IRA Certificate (Traditional,Roth)
Locations


Jordan Credit Union Locations
Branch Office7905 S Redwood RdWest Jordan, UT 84088
Branch Office9260 S 300 ESandy, UT 84070
Branch Office9250 S Redwood RdWest Jordan, UT 84088
Branch Office2522 W 12600 SRiverton, UT 84065
Branch Office407 E 12300 SDraper, UT 84020
Branch Office6375 W 13400 SHerriman, UT 84096
Branch Office658 W Center StMidvale, UT 84047-7124