University Federal Credit Union (UT) is headquartered in Salt Lake City and is the 5th largest credit union in the state of Utah. It is also the 253rd largest credit union in the nation. It was established in 1956 and as of September of 2021, it had grown to 418 employees and 114,387 members at 19 locations. University Federal Credit Union (UT) has an A+ health rating.
Membership in University First Federal Credit Union is open to those who live, work, attend school, worship, or volunteer in Salt Lake County, Utah, and their family members.
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I am happy with my savings rate at the University of Utah Credit Union. It is higher than I can get at any bank in town. I do not get interest on my checking, but that is because I selected their most basic checking plan. What is very important to me is that each time I go into my local branch, the young folks working at the counter are courteous, respectful, and accurate. My only suggestion would be that the website needs to be modernized a little so it is easier to read. However, once when I did not understand something on the website, I simply called my local branch manager and she guided me carefully through the process while I was on the website at my home. I am a senior citizen and this type of kind help is very important to me. Overall, I recommend this credit union to those looking for good interest on savings along with fair and balanced treatment.
I joined the University Credit Union a couple of years ago because I wanted to be a brick and mortar deposit institution near my home. It is the first time I've ever belonged to a credit union. I could not be more pleased. The branch manager sat down with me and talked about the benefits of belonging to a credit union. She answered all of my questions and provided me with literature to take home and study. I signed up a few days later for checking and savings. They give some free checks to start with and then you buy a package of checks at a modest price. I like the savings aspect because I earn a reasonable interest if I keep a basic amount in the savings part of my account. The best part of belonging to this institution is the close, polite customer service given by the manager. She remembers my name and when I had a few questions early on, she responded immediately to my email inquiries. The only thing I would suggest for improvement is to ask that they consider making their on-line parameters a little easier to handle. The page instructions are somewhat complicated. But then again, perhaps I need to clean my glasses. All in all, I recommend the University Credit Union highly.
|Return on Assets - YTD||1.56%|
|Return on Equity - YTD||16.16%|
|Annual Interest Income||$42.0MM|
|Assets and Liabilities|
|Assets||Q3 2021vs Q3 2020||$1.70B$1.37B|
|Loans||Q3 2021vs Q3 2020||$1.36B$1.04B|
|Deposits||Q3 2021vs Q3 2020||$1.47B$1.21B|
|Equity Capital||Q3 2021vs Q3 2020||$161.6MM$139.7MM|
|Loan Loss Allowance||Q3 2021vs Q3 2020||$8.5MM$8.7MM|
|Unbacked Noncurrent Loans||Q3 2021vs Q3 2020||$2.2MM$5.7MM|
|Real Estate Owned||Q3 2021vs Q3 2020||$0$151.00K|
Rates for University Federal Credit Union (UT) are currently being reviewed.