Overview / Commentary
Kings Peak Credit Union is headquartered in Roosevelt and is the 39th largest credit union in the state of Utah. It is also the 3,383rd largest credit union in the nation. It was established in 1960 and as of December of 2019, it had grown to 6 employees and 2,245 members at 1 location. Kings Peak Credit Union's money market rates are 70% higher than the national average, but it has a C health rating.
Field of Membership Restrictions
King's Peak Credit Union of Utah is open to the viable residents of Uintah and and Duchsene County, as well as the family members of current credit union members.
See current membership details
Health
C
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. Kings Peak Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 67160 |
| Year Chartered | 1960 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.88% |
| Return on Equity - YTD | 12.13% |
| Annual Interest Income | $1.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $18.8MM$15.1MM |
| Loans | Q4 2019vs Q4 2018 | $13.7MM$13.0MM |
| Deposits | Q4 2019vs Q4 2018 | $17.5MM$13.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $1.3MM$1.2MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $223.00K$241.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $519.00K$645.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |