UFirst Credit Union is headquartered in Salt Lake City and is the 5th largest credit union in the state of Utah. It is also the 245th largest credit union in the nation. It was established in 1956 and as of December of 2024, it had grown to 420 employees and 128,888 members at 23 locations. UFirst Credit Union's money market rates are 10X the national average, and it has a B+ health rating.
Field of Membership Restrictions
UFirst Credit Union is open to those who live, work, worship, attend school, or volunteer in the Utah counties of Davis, Salt Lake, Summit, Tooele, Utah, or Wasatch. Immediate family members of a current UFirst member are also eligible to join.
See current membership details
Related Posts
6 Month 5.55% CD
They are advertising a 6 month CD at 5.28% but they will add another .25% if the money is new to the credit union. Since I brought in some cash from my account at MACU, I'm getting 5.55% for 6-months with no risk. I'll take advantage while the rates are high.
Prepare To Be Spammed
tl;dr - This company will sell your personal info to marketers, and their service reps will lie to you about it.
I need to have my personal phone available to employees or clients at work, so it's very important to me to not get spammed by marketers. I realize I could just block all incoming calls not on my contacts list, but I don't always have people's contact info before an emergency occurs, so widespread blocking is not really an option.
I explained to Carla Zaragoza, the UFirst rep who set up my account, that no personal info being sold to marketers was a hard requirement of my membership. She insisted that they never sold personal information for any reason, marketing or otherwise, so I went ahead and set up my account.
Over the weekend, I was perusing the fine print of our contract, and it did, in fact, say that UFirst could and would sell my personal info for marketing purposes, with no ability to opt-out. I confirmed this policy by calling their customer service line.
Would not recommend this credit union unless you like working with dishonest people and getting spammed by marketers.
Stay Away: Incompetence Rules The Day
My experience with UFirst over the past several years has been incredibly frustrating and disappointing. They sent my replacement business credit card to an outdated address because of an internal database error. They also had a month-long issue with their rewards points, issued broken statements for several months, and required multiple calls to fix simple administrative issues like updating the phone number on my business account, which still might be incorrect.
Every credit application I submitted was initially denied due to their calculation errors, only to be approved after I pointed out their mistakes. For a better experience, choose one of the larger Utah credit unions. Their technology, systems, and service are far superior to UFirst.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24710 |
| Year Chartered | 1956 |
| Employees | 420 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.49% |
| Return on Equity - YTD | 5.46% |
| Annual Interest Income | $113MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $2.02B$1.97B |
| Loans | Q4 2024vs Q4 2023 | $1.66B$1.65B |
| Deposits | Q4 2024vs Q4 2023 | $1.71B$1.62B |
| Equity Capital | Q4 2024vs Q4 2023 | $180.6MM$169.7MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $9.5MM$10MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $18.2MM$3.7MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$0 |
