Overview / Commentary
Education 1St Credit Union is headquartered in Ogden and is the 28th largest credit union in the state of Utah. It is also the 2,283rd largest credit union in the nation. It was established in 1932 and as of March of 2025, it had grown to 6 employees and 2,602 members at 1 location. Education 1St Credit Union has a B+ health rating.
Field of Membership Restrictions
Education First Credit Union is open to: those who live in Weber County, employees of Utah State Deaf and Blind School or Ogden City School District, alumni or students of Ogden School District, family of current credit union members.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Education 1St Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67127 |
| Year Chartered | 1932 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 11.13% |
| Annual Interest Income | $797K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $60.1MM$48.7MM |
| Loans | Q1 2025vs Q1 2024 | $51.8MM$44.2MM |
| Deposits | Q1 2025vs Q1 2024 | $54.4MM$43.5MM |
| Equity Capital | Q1 2025vs Q1 2024 | $5.5MM$5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $197K$149K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $29K$80K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |