Overview / Commentary
Transwest Credit Union is headquartered in Salt Lake City and is the 18th largest credit union in the state of Utah. It is also the 1,318th largest credit union in the nation. It was established in 1985 and as of June of 2023, it had grown to 34 employees and 15,211 members at 5 locations. Transwest Credit Union's CD rates are 6X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership in TransWest Credit Union is open to residents of Salt Lake County, Utah. Employees of Union Pacific Railroad, Kennecott Copper Corporations, US Magnesium Corporation, or Preston Auto are also eligible to join. Immediate family members of a current TransWest Credit Union member also qualify.
See current membership details
Health
B+
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66705 |
| Year Chartered | 1985 |
| Employees | 34 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.43% |
| Return on Equity - YTD | 4.71% |
| Annual Interest Income | $3.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $182.6MM$186.3MM |
| Loans | Q2 2023vs Q2 2022 | $145.5MM$138.1MM |
| Deposits | Q2 2023vs Q2 2022 | $164.5MM$168.7MM |
| Equity Capital | Q2 2023vs Q2 2022 | $16.9MM$16.5MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$286.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $406.00K$428.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |