Overview / Commentary
Hi-Land Credit Union is headquartered in MURRAY and is the 25th largest credit union in the state of Utah. It is also the 2,306th largest credit union in the nation. It was established in 1957 and as of December of 2019, it had grown to 4 employees and 2,818 members at 1 location. Hi-Land Credit Union's CD rates are 94% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Hi-Land Credit Union of Utah is open to every resident of Salt Lake County, along with the employees of Cream O'Weber, Dairy Farmers of America, and Tri-City Medical along with the family members 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. Hi-Land Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 61453 |
| Year Chartered | 1957 |
| Employees | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.24% |
| Return on Equity - YTD | 6% |
| Annual Interest Income | $1.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $51.1MM$49.1MM |
| Loans | Q4 2019vs Q4 2018 | $33.5MM$31.5MM |
| Deposits | Q4 2019vs Q4 2018 | $40.5MM$38.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $10.5MM$10.5MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $242.00K$161.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $653.00K$287.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |