1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Utah Community Credit Union

Utah Community Credit Union Locations
188 West Riverpark Drive
Provo, UT 84604
(801) 223-8188
www.uccu.com



Utah Community Credit Union is headquartered in PROVO and is the 4th largest credit union in the state of Utah. It is also the 259th largest credit union in the nation. It was established in 1955 and as of December of 2011, it had grown to 237 employees and 109,458 members. Utah Community Credit Union has a 3-star health rating.

Utah Community Credit Union Routing Number: 324377820

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5.30% 60-Month / 5.25% 48-Month CD at a Utah Credit Union (Utah Community). - 12/18/2007

Update 2/2/08: CD rates have fallen again. Please check the credit union's website for the latest rates.Update 1/19/08: The rates have fallen. Title modified with new rates: 5.30% APY 60-month, 5.25% APY 48-month and 5.20% APY 36-month. Please see credit...



See Rates for: Savings | Money Market | CD | IRA

Utah Community Credit Union Savings Account Rates

ApyMinMaxProduct
0.30%$250k-IRA Savings
0.15%--Business Savings
0.15%--Platinum Business Savings
0.15%$5k-Youth Savers
0.10%--Main Savings
0.10%--Daily Savings

Utah Community Credit Union Money Market Rates

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0.30%$250k-Platinum Business Money Market Savings
0.30%$250k-Money Market Account
0.15%$5k-MoneySmart Money Market

Utah Community Credit Union CD Rates

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1.50%$500-60 Month Business CD
1.50%$100-60 Month Money Smart CD
1.50%$500-60 Month Regular CD
1.10%$500-48 Month Business CD
1.10%$100-48 Month Money Smart CD
1.10%$500-48 Month Regular CD
0.85%$500-36 Month Business CD
0.85%$100-36 Month Money Smart CD
0.85%$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
0.10%$500-90 Day Business CD
0.10%$100-3 Month Money Smart CD
0.10%$500-90 Day Regular CD

Utah Community Credit Union IRA Rates

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1.50%$500-60 Month Regular IRA
1.10%$500-48 Month Regular IRA
0.85%$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

Rates updated: 5/27/2012

Data for Q4 2011


Institution Statistics


UTAH COMMUNITY
NCUA #10709
BankRate ReportView
Year Chartered1955
Employees237
Primary Regulator

Assets and Liabilities

Assets$757.98 million
Loans$410.79 million
Deposits$671.75 million
Equity Capital$73.07 million
Loan Loss Allowance$9.10 million
Unbacked Noncurrent Loans$12.18 million
Real Estate Owned$4.87 million

Historic Data - December 2010

Assets$727.53 million
Equity Capital$68.34 million
Loan Loss Allowance$8.91 million
Unbacked Noncurrent Loans$8.69 million
Real Estate Owned$3.41 million

Profit Margin - Quarterly

Net Interest Margin4.8%
Return on Assets0.63%
Return on Equity6.48%
Interest Income$25.91 million
Non-Interest Income$12.32 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
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, 2011 Utah Community Credit Union had $17.05 million in non-current loans and owned real-estate with $82.17 million in equity and loan loss allowances on hand to cover it. This gives Utah Community Credit Union a Texas Ratio of 20.74% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Utah Community Credit Union increased slightly from 15.66% as of December 31, 2010 to 20.74% as of December 31, 2011, resulting in a negative change of 32.45%. This indicates that the balance sheet and financial strength for Utah Community Credit Union has declined slightly in recent periods.
Deposit Growth4
In the past year, Utah Community Credit Union has increased its total deposits by $24.45 million, resulting in 3.78% 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 above average.
Capitalization4
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 $757.98 million in assets with $82.17 million in equity, resulting in a capitalization level of 10.84%, which is above average.
Write Review

Don't Bank Here!
1 stars - linds12 - Tuesday, October 4, 2011 - 12:55 PM

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. 

4

Beware Of UCCU Utah Community Credit Union
1 stars - invert - Tuesday, November 23, 2010 - 10:50 PM

What a waist of time going into UCCU credit union in Utah for a boat loan.  I had everything in line with great credit, W-2's, and everything; after two hours they can back an said sorry we really don't like to loan on that high of an amount on a boat loan.  The Manager of the Springville, UT location didn't know what he was doing or how to calculate income from a business tax return.  They should have told me right up front they wouldn't loan on that amount, and I would have been happy, but to make me wait for 2 hours was ridiculous.  I would never waist my time again going to Utah Community Credit Union.  I even call the corporate offices before I went an told them of the situation to make sure they offered boat loans and the amount I was looking to finance.  The operator said we offer loan amounts up to your request.  They need to be upfront with there customer and every employee needs understand all there policies so it doesn't waist our time or there's.

3