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Overview / Commentary
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 843rd largest credit union in the nation. It was established in 1950 and as of March of 2014, it had grown to 64 employees and 25,361 members. Jordan Credit Union has a A 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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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Jordan Credit Union had $1.1 million in non-current loans and owned real-estate with $19.62 million in equity and loan loss allowances on hand to cover it. This gives Jordan Credit Union a Texas Ratio of 5.59% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Jordan Credit Union decreased dramatically from 8.15% as of March 31, 2013 to 5.59% as of March 31, 2014, resulting in a positive change of 31.43%.This indicates that the balance sheet and financial strength for Jordan Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Jordan Credit Union has increased its total deposits by $6.55 million, resulting in 3.2% 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.



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 $232.06 million in assets with $19.62 million in equity, resulting in a capitalization level of 8.45%, which is average.

Institution Statistics

NCUA #24698
Year Chartered1950
Primary Regulator
Assets and Liabilities
Assets$232.06 million
Loans$129.51 million
Deposits$211.13 million
Equity Capital$19.05 million
Loan Loss Allowance$565,000
Unbacked Noncurrent Loans$947,000
Real Estate Owned$149,000
Historic Data - March 2013
Assets$223.73 million
Equity Capital$17.75 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$947,000
Real Estate Owned$265,000
Profit Margin - Quarterly
Return on Assets1.06%
Return on Equity12.93%
Interest Income$1.95 million

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Jordan Credit Union Savings Account Rates

0.25%$500-IRA Share Savings
0.25%$500-Roth IRA Share Savings
0.10%--Regular Share Savings

Jordan Credit Union Money Market Rates

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

Jordan Credit Union Checking Account Rates

1.50%-$10kReward Checking - Qualifying
0.05%--Reward Checking - Non Qualifying

Jordan Credit Union CD Rates

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

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

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