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Overview / Commentary
3450 S Highland Dr
Salt Lake City, UT 84106-3375

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 328th largest credit union in the nation. It was established in 1956 and as of March of 2014, it had grown to 217 employees and 81,250 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 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 University First Credit Union had $886,000 in non-current loans and owned real-estate with $73.29 million in equity and loan loss allowances on hand to cover it. This gives University First Credit Union a Texas Ratio of 1.21% 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 1.95% as of March 31, 2013 to 1.21% as of March 31, 2014, resulting in a positive change of 38.11%.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 $36.24 million, resulting in 6.23% 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 $690.68 million in assets with $73.29 million in equity, resulting in a capitalization level of 10.61%, which is above average.

Institution Statistics

NCUA #24710
Year Chartered1956
Primary Regulator
Assets and Liabilities
Assets$690.69 million
Loans$486.16 million
Deposits$617.41 million
Equity Capital$68.87 million
Loan Loss Allowance$4.42 million
Unbacked Noncurrent Loans$886,000
Real Estate Owned$0
Historic Data - March 2013
Assets$650.30 million
Equity Capital$63.16 million
Loan Loss Allowance$4.77 million
Unbacked Noncurrent Loans$886,000
Real Estate Owned$426,000
Profit Margin - Quarterly
Return on Assets0.76%
Return on Equity7.57%
Interest Income$5.17 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.