Overview / Commentary
Education 1St Credit Union is headquartered in Ogden and is the 31st largest credit union in the state of Utah. It is also the 2,700th largest credit union in the nation. It was established in 1932 and as of December of 2019, it had grown to 7 employees and 2,687 members at 2 locations. Education 1St Credit Union's money market rates are 14% higher than the national average, and it 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 Q4 2019
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 low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67127 |
| Year Chartered | 1932 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 8.29% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $34.6MM$34.3MM |
| Loans | Q4 2019vs Q4 2018 | $28.1MM$27.3MM |
| Deposits | Q4 2019vs Q4 2018 | $30.9MM$30.9MM |
| Equity Capital | Q4 2019vs Q4 2018 | $3.6MM$3.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $138.00K$135.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $66.00K$68.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |