Overview / Commentary
Hercules First Federal Credit Union is headquartered in Taylorsville and is the 22nd largest credit union in the state of Utah. It is also the 1,640th largest credit union in the nation. It was established in 1973 and as of June of 2020, it had grown to 18 employees and 7,486 members at 3 locations. Hercules First Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Hercules First Federal Credit Union is open to family of current members and anyone who lives, works, regularly conducts business, goes to school, or worships in Salt Lake City, Utah.
See current membership details
Health
B+
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24902 |
| Year Chartered | 1973 |
| Employees | 18 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.1% |
| Return on Equity - YTD | 0.98% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $108.9MM$99.2MM |
| Loans | Q2 2020vs Q2 2019 | $61.5MM$60.7MM |
| Deposits | Q2 2020vs Q2 2019 | $98.1MM$88.6MM |
| Equity Capital | Q2 2020vs Q2 2019 | $10.6MM$10.5MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $205.00K$244.00K |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $103.00K$56.00K |
| Real Estate Owned | Q2 2020vs Q2 2019 | $869.00K$0 |