Overview / Commentary
Elevate Credit Union is headquartered in Brigham City and is the 16th largest credit union in the state of Utah. It is also the 1,311th largest credit union in the nation. It was established in 1954 and as of December of 2019, it had grown to 30 employees and 12,739 members at 2 locations. Elevate Credit Union has an A+ health rating.
Field of Membership Restrictions
Elevate Credit Union is open to anyone who lives, works, regularly conducts business, goes to school or worships in Box Elder, Cache, or Rich counties. Immediate family of current credit union members are also eligible to join.
See current membership details
Health
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9163 |
| Year Chartered | 1954 |
| Employees | 30 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.74% |
| Return on Equity - YTD | 7.67% |
| Annual Interest Income | $5.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $145.7MM$132.0MM |
| Loans | Q4 2019vs Q4 2018 | $86.3MM$73.2MM |
| Deposits | Q4 2019vs Q4 2018 | $112.5MM$101.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $32.7MM$30.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $253.00K$242.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $386.00K$351.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |