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801-627-8700
4723 Harrison Blvd
Ogden, UT 84403

Wasatch Peaks Credit Union is headquartered in Ogden and is the 10st largest credit union in the state of Utah. It is also the 777th largest credit union in the nation. It was established in 1930 and as of March of 2014, it had grown to 87 employees and 30,428 members. Wasatch Peaks Credit Union has a A+ health rating.

Field of Membership Restrictions

You are eligible for membership, when you meet one of the following: --Live, work, worship, or attend school or volunteer in Weber, Davis or Morgan Counties. --A Family member of an existing Wasatch Peaks Credit Union Member, including: Parent, Spouse, Sibling/Step Child, Grandparent, and Grandchild. A spouse of a person who died while with in our field of membership. - See Details

Reviews (1)

Former Alliance Member...

It is frustrating to me that since the merge of my credit union with Wasatch Peaks, the service and technology has taken a step backward.  There is no way to see pending transactions.  I can't even call a branch and find out if a direct deposit will be made within the next 24 hours.  I worked in a credit union in 1995 and I could get that information for my members.  Was it just lazy service or can they honestly, with all the advancements in the last twenty years, not access that information.  I have made it a top priority to close my account with this credit union.  As soon as I get my direct deposit changed I will no longer be using this credit union.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Wasatch Peaks Credit Union had $560,000 in non-current loans and owned real-estate with $25.52 million in equity and loan loss allowances on hand to cover it. This gives Wasatch Peaks Credit Union a Texas Ratio of 2.19% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Wasatch Peaks Credit Union decreased dramatically from 9.79% as of March 31, 2013 to 2.19% as of March 31, 2014, resulting in a positive change of 77.58%.This indicates that the balance sheet and financial strength for Wasatch Peaks Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Wasatch Peaks Credit Union has increased its total deposits by $58.65 million, resulting in 33.25% 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 Wasatch Peaks Credit Union has shown is excellent.

Capitalization

GRADE:
B

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. Wasatch Peaks Credit Union has $260.32 million in assets with $25.52 million in equity, resulting in a capitalization level of 9.80%, which is above average.

Institution Statistics

Overall
NCUA #24780
Year Chartered1930
Employees87
Primary Regulator
Assets and Liabilities
Assets$260.32 million
Loans$183.35 million
Deposits$235.03 million
Equity Capital$24.44 million
Loan Loss Allowance$1.08 million
Unbacked Noncurrent Loans$470,000
Real Estate Owned$90,000
Historic Data - March 2013
Assets$195.41 million
Equity Capital$18.35 million
Loan Loss Allowance$1.28 million
Unbacked Noncurrent Loans$470,000
Real Estate Owned$440,000
Profit Margin - Quarterly
Return on Assets0.33%
Return on Equity3.52%
Interest Income$2.43 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Wasatch Peaks Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Wasatch Peaks Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.35%-$300Christmas Club
0.20%--School Advantage
0.05%$25-Share Savings
0.05%--Budgeter Savings
0.05%$25-IRA Savings
0.05%$25-Roth IRA Savings
0.05%$25-Health Savings

Wasatch Peaks Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Money Market Account

Wasatch Peaks Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Rewards Checking
0.05%$500-Simply Free Checking

Wasatch Peaks Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.25%$500-60 Month Certificate
1.50%$500-48 Month Certificate
1.00%$500-36 Month Certificate
0.75%$500-30 Month Certificate
0.70%$500-24 Month Certificate
0.50%$500-12 Month Certificate
0.50%$500-18 Month Certificate
0.40%$50$100k1 Year Advantage CD
0.40%$500-1 Year Flex CD
0.25%$500-6 Month Certificate
0.15%$500-3 Month Certificate

Wasatch Peaks Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.25%$500-60 Month IRA Certificate
1.50%$500-48 Month IRA Certificate
1.00%$500-36 Month IRA Certificate
0.75%$500-30 Month IRA Certificate
0.70%$500-24 Month IRA Certificate
0.50%$500-12 Month IRA Certificate
0.50%$500-18 Month IRA Certificate
0.25%$500-6 Month IRA Certificate
0.15%$500-3 Month IRA Certificate
Locations


Wasatch Peaks Credit Union Locations
Branch Office2780 Adams AveOgden, UT 84403
Branch Office1588 W 2700 NOgden, UT 84404-1224
Branch Office975 Washington BlvdOgden, UT 84404
Branch Office1935 W 4800 SRoy, UT 84067
Branch Office5257 S 500 EOgden, UT 84405
Branch Office3012 S 1900 WOgden, UT 84401