Hercules First Federal Credit Union
Overview / Commentary
Hercules First Federal Credit Union is headquartered in Taylorsville and is the 19th largest credit union in the state of Utah. It is also the 1,408th largest credit union in the nation. It was established in 1973 and as of March of 2025, it had grown to 24 employees and 8,740 members at 3 locations. Hercules First Federal Credit Union has a B health rating.
Field of Membership Restrictions
Membership in Hercules First Federal Credit Union is open to individuals who live, work, worship, or attend school in Salt Lake County, Utah. Family members of current members are eligible to join, as are businesses and other legal entities in Salt Lake County.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24902 |
| Year Chartered | 1973 |
| Employees | 24 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.28% |
| Return on Equity - YTD | 3.17% |
| Annual Interest Income | $1.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $168.5MM$166.3MM |
| Loans | Q1 2025vs Q1 2024 | $138.2MM$137.3MM |
| Deposits | Q1 2025vs Q1 2024 | $134.6MM$133.7MM |
| Equity Capital | Q1 2025vs Q1 2024 | $14.7MM$14.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $342K$335K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $276K$388K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $459K$0 |