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P.O. Box 58025
Salt Lake City, UT 84158

University First Credit Union is headquartered in Salt Lake City and is the 5th largest credit union in the state of Utah. It is also the 331st largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 211 employees and 80,279 members. University First Credit Union's money market rates are 14% higher than the national average, and it boasts a A+ health rating.

Field of Membership Restrictions

Must live, work, attend school or worship in Salt Lake County. - 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 University First Credit Union had $1.18 million in non-current loans and owned real-estate with $71.98 million in equity and loan loss allowances on hand to cover it. This gives University First Credit Union a Texas Ratio of 1.63% 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 University First Credit Union decreased dramatically from 3.36% as of December 31, 2012 to 1.63% as of December 31, 2013, resulting in a positive change of 51.35%.This indicates that the balance sheet and financial strength for University First Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, University First Credit Union has increased its total deposits by $18.58 million, resulting in 3.29% 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 University First 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. University First Credit Union has $654.68 million in assets with $71.98 million in equity, resulting in a capitalization level of 10.99%, which is above average.

Institution Statistics

NCUA #24710
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$654.68 million
Loans$474.06 million
Deposits$583.37 million
Equity Capital$67.42 million
Loan Loss Allowance$4.56 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$0
Historic Data - December 2012
Assets$629.53 million
Equity Capital$61.62 million
Loan Loss Allowance$4.84 million
Unbacked Noncurrent Loans$1.18 million
Real Estate Owned$404,000
Profit Margin - Quarterly
Net Interest Margin3.5%
Return on Assets1.11%
Return on Equity10.74%
Interest Income$20.05 million

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University First Credit Union Savings Account Rates

0.55%$500k-IRA Accumulator
0.15%$1k-Primary Savings
0.15%$1k-Secondary Savings
0.15%$1k-Christmas Club Savings

University First Credit Union Money Market Rates

0.50%$500k-High Yield Money Market
0.40%$500k-Money Market Account
0.25%$100k-Business Money Market Checking

University First Credit Union Checking Account Rates

0.25%$100k-Crimson Checking
0.10%$1k-Free Checking

University First Credit Union CD Rates

2.00%$1k-60 Month CD
1.40%$1k-48 Month CD
1.00%$1k-36 Month CD
0.90%--36 Month U Save Certificate
0.85%$1k-30 Month CD
0.75%--30 - 35 Month U Save Certificate
0.70%$1k-24 Month CD
0.60%--24 - 29 Month U Save Certificate
0.55%$1k-18 Month CD
0.45%$1k-12 Month CD
0.45%--18 - 23 Month U Save Certificate
0.35%--12 - 17 Month U Save Certificate
0.30%$1k-6 Month CD
0.20%--6 - 11 Month U Save Certificate
0.15%$100k-90 Day Jumbo CD
0.15%--3 - 5 Month U Save Certificate

University First Credit Union IRA Rates

2.10%$500-60 Month IRA
1.50%$500-48 Month IRA
1.15%$500-36 Month IRA
1.00%$500-30 Month IRA
0.85%$500-24 Month IRA
0.75%$500-18 Month IRA
0.60%$500-12 Month IRA
0.50%$500-6 Month IRA

University First Credit Union has 16 locations. Click to view all University First Credit Union locations.