Jordan Credit Union
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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Data for Q4 2013
Institution Health
Texas Ratio
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
The Texas Ratio for Jordan Credit Union held steady 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 held steady in recent periods.
Deposit Growth
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
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 Chartered | 1950 |
| Employees | 63 |
| 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 Margin | 4.35% |
| Return on Assets | 0.6% |
| Return on Equity | 7.34% |
| Interest Income | $7.27 million |
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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.25% | $500 | - | IRA Share Savings | |
| 0.25% | $500 | - | Roth IRA Share Savings |
Jordan Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.20% | $10k | - | ELITE Money Market Deposit Account | |
| 0.15% | $2,500 | - | Money Market Deposit Account |
Jordan Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.50% | - | $10k | Reward Checking | |
| 0.05% | - | - | Reward Checking |
Jordan Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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) |
| Jordan Credit Union Locations | ||
|---|---|---|
| Branch Office | 7905 S Redwood Rd | West Jordan, UT 84088 |
| Branch Office | 9260 S 300 E | Sandy, UT 84070 |
| Branch Office | 9250 S Redwood Rd | West Jordan, UT 84088 |
| Branch Office | 2522 W 12600 S | Riverton, UT 84065 |
| Branch Office | 407 E 12300 S | Draper, UT 84020 |
| Branch Office | 6375 W 13400 S | Herriman, UT 84096 |
| Branch Office | 658 W Center St | Midvale, UT 84047-7124 |