Utah Community Credit Union is headquartered in Provo and is the 4th largest credit union in the state of Utah. It is also the 241st largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 247 employees and 119,416 members. Utah Community Credit Union has a A+ health rating.
Must live, work, attend school or woship in Utah, Wasatch, Juab or Sanpete County. - See Details
I used to use uccu as my bank until I closed my account three
years ago. I was not super impressed by them and moved to
another bank since I got married. Three years later when I want
to open a new account there, they deny me and won't tell me why.
When I go in and contact them I find out that the day after I
cancelled my account there, a payment had processed. Had I been
contacted, this would have been taken care of. UCCU never
contacted me, what they did was sent me straight to collections.
So for three years my credit has had this collections issue to
my name and I had no idea. When I asked why I wasn't informed
of this, I was told that it didn't seem like a large enough
amount of money. Well it was enough to go to collections and
on my credit. I am appauled and disappointed in the service
and business of this company. I can't believe that UCCU would
go behind someones' back and send them to collections when they
would have willingly paid off the payment right then and there.
I will never bank with UCCu again, nor will I ever recommend
them to anyone that I know, but I will strongly tell people not
to bank there due to the irresponsible way in which they handle
their customers. I can't believe that an institution that
handles peoples money would intentionally ruin someones credit
because it didn't seem like a big enough amount.
Having been a part of UCCU for almost 30 years I have watched the changes and growth thru the years. The success and growth they have achieved through membership is impressive. We have several accounts, two with large Banks and one with UCCU. I wonder if competing with the "Big Banks" has completely altered what made this Credit Union so great? They use to be personable with exceptional customer service. The reason I gave two stars is because some of the Branches do have great employees, but overall as a Corporation they have become less personable than the "Big Banks." From my perspective they seem to have become more about the numbers than the members. I have watched this process over time and believe this reflects down from the top. To put it simply, they really have changed and not for the better! We receive much better service from our other financial institutions. Better quality, service and professionalism. It's unfortunate that what made UCCU stand out from the rest is no longer there. Thank you UCCU you have made it easier for us to simplify and consolidate our accounts. I think we will start by closing our account with you.
I've been banking at UCCU for a long time - technically since I was an infant, but have been using them since I've been in charge of my own accounts too I'm now 26 - over the years I have been able to build excellent credit on my own, partly through them. I've had to work with them on multiple things - two mortgages for my parents and my house, my car loan, and another loan they approved me for to help me out of a sticky situation. It's excellent they way they have merged with UVU and they have been around for a long time. I was able to get a 2.69% car loan there, and they have had excellent service overall, most of which just comes with the territory of being a credit union over a bank, but still - they've always dealt with me and many of my peers with utmost professionalism.
Only cons - they're one of the bigger credit unions around, so they can afford to be a bit more picky about their loans and who they give good interest rates to - I've had some friends have small issues with that. in addition, they lack slightly in communication once accounts are closed and you still need to deal with them or have changed an address - any rational person should keep in good contact with their bank for a little while after leaving, then coming back, or messing with transfer situations, etc. It's obviously the respsonsibility of an account holder to check after an account's closed to make sure everything is okay, but if someone forgot to keep in touch and changed addresses, etc. it could cause someone to slip through the cracks - this obviously has happened due to another reviewer on here.
To me, however, these are small qualms that are shared by pretty much any financial institution - I've had similar issues with Key Bank. Overall, UCCU is the best credit union around the valley have been fantastic all around - they'll take good care of you!
I have used this credit union for over 15 years and have enjoyed their services. I just wish that their loans would be a little more competitive with other credit unions around. I have had no other problems and they have answered all my questions through email within 24 hours. I also can use their app to deposit checks through pictures so I barely have to go to the bank.
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 Utah Community Credit Union had $3.87 million in non-current loans and owned real-estate with $100.67 million in equity and loan loss allowances on hand to cover it. This gives Utah Community Credit Union a Texas Ratio of 3.85% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Utah Community Credit Union decreased dramatically from 5.94% as of March 31, 2013 to 3.85% as of March 31, 2014, resulting in a positive change of 35.29%.This indicates that the balance sheet and financial strength for Utah Community Credit Union has improved dramatically in recent periods.
In the past year, Utah Community Credit Union has increased its total deposits by $46.4 million, resulting in 5.97% 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 Utah Community 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. Utah Community Credit Union has $929.55 million in assets with $100.67 million in equity, resulting in a capitalization level of 10.83%, which is above average.
|Assets and Liabilities|
|Equity Capital||$91.37 million|
|Loan Loss Allowance||$9.30 million|
|Unbacked Noncurrent Loans||$1.60 million|
|Real Estate Owned||$2.27 million|
|Historic Data - March 2013|
|Equity Capital||$83.53 million|
|Loan Loss Allowance||$8.99 million|
|Unbacked Noncurrent Loans||$1.60 million|
|Real Estate Owned||$3.44 million|
|Profit Margin - Quarterly|
|Net Interest Margin||1.02%|
|Return on Assets||0.48%|
|Return on Equity||4.84%|
|Interest Income||$5.93 million|
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|0.15%||-||-||Platinum Business Savings|
|0.10%||-||-||Business Main Savings|
|0.10%||-||-||Business Daily Savings|
|0.30%||$250k||-||Platinum Business Money Market Savings|
|0.30%||$250k||-||Money Market Account|
|0.15%||$5k||-||MoneySmart Money Market|
|1.30%||$500||-||60 Month Business CD|
|1.30%||$100||-||60 Month Money Smart CD|
|1.30%||$500||-||60 Month Regular CD|
|1.00%||$500||-||48 Month Business CD|
|1.00%||$100||-||48 Month Money Smart CD|
|1.00%||$500||-||48 Month Regular CD|
|0.80%||$500||-||36 Month Business CD|
|0.80%||$100||-||36 Month Money Smart CD|
|0.80%||$500||-||36 Month Regular CD|
|0.40%||$500||-||24 Month Business CD|
|0.40%||$100||-||24 Month Money Smart CD|
|0.40%||$500||-||24 Month Regular CD|
|0.35%||$500||-||24 Month (jump up) Business CD|
|0.35%||$100||-||24 Month (Jump Up) Money Smart CD|
|0.35%||$500||-||24 Month (Jump Up) Regular CD|
|0.30%||$500||-||12 Month Business CD|
|0.30%||$100||-||12 Month Money Smart CD|
|0.30%||$500||-||12 Month Regular CD|
|0.20%||$500||-||6 Month Business CD|
|0.20%||$100||-||6 Month Money Smart CD|
|0.20%||$500||-||6 Month Regular CD|
|0.15%||$500||-||12 Month (Add-On) Business CD|
|0.15%||$100||-||12 Month (Add-On) Regular CD|
|0.15%||$100||-||12 Month (Add-On) Money Smart CD|
|0.10%||$500||-||90 Day Business CD|
|0.10%||$100||-||3 Month Money Smart CD|
|0.10%||$500||-||90 Day Regular CD|
|1.30%||$500||-||60 Month Regular IRA|
|1.00%||$500||-||48 Month Regular IRA|
|0.80%||$500||-||36 Month Regular IRA|
|0.40%||$500||-||24 Month Regular IRA|
|0.35%||$500||-||24 Month (Jump Up) Regular IRA|
|0.30%||$500||-||12 Month Regular IRA|
|0.20%||$500||-||6 Month Regular IRA|
|0.15%||$100||-||12 Month (Add-On) Regular IRA|
|0.10%||$500||-||90 Day Regular IRA|