University Federal Credit Union (UT)


Overview / Commentary
801-481-8800
3450 S Highland Dr
Salt Lake City, UT 84106

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 279th largest credit union in the nation. It was established in 1956 and as of June of 2020, it had grown to 344 employees and 102,524 members at 17 locations. University Federal Credit Union (UT)'s money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

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.
See current membership details

Reviews (3)

Excellent savings rate

Posted by: |

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.

Get Treated Like Royalty

Posted by: |

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.

Opportunists And Worst Customer Services

Posted by: |

They have the worst services I have ever experienced. The customer services have been the least helpful. They made the most profit during the COVID-19 pandemic by pressing customers and giving them a hard time.



Health

Health Grade Components

Overall
NCUA #24710
Year Chartered1956
Employees344
Primary Regulator
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD10.03%
Annual Interest Income$25.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.32B$1.12B
LoansQ2 2020vs Q2 2019$1.04B$916.7MM
DepositsQ2 2020vs Q2 2019$1.17B$993.4MM
Equity CapitalQ2 2020vs Q2 2019$135.8MM$120.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$8.2MM$7.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$4.2MM$6.0MM
Real Estate OwnedQ2 2020vs Q2 2019$151.00K$794.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not University Federal Credit Union (UT); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

University Federal Credit Union (UT) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$500k*-IRA Accumulator
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $10k | 0.20% $10k - $20k | 0.25% $20k - $50k | 0.35% $50k - $100k | 0.45% $100k - $150k | 0.55% $150k - $500k
0.10%--Primary Savings
0.10%--Secondary Savings
0.10%--Christmas Club Savings

University Federal Credit Union (UT) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$500k*-High Yield Money Market
OTHER TIERS: 0.30% $25k - $50k | 0.35% $50k - $100k | 0.40% $100k - $250k | 0.45% $250k - $500k
0.45%*$500k*-Money Market Account
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $10k | 0.20% $10k - $20k | 0.25% $20k - $50k | 0.30% $50k - $100k | 0.35% $100k - $150k | 0.40% $150k - $500k
0.25%*$100k*-Business Money Market Checking
OTHER TIERS: 0.10% Up to $10k | 0.15% $10k - $50k | 0.20% $50k - $100k

University Federal Credit Union (UT) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$100k*-Crimson Checking
OTHER TIERS: 0.10% Up to $5k | 0.15% $5k - $10k | 0.20% $10k - $20k | 0.25% $20k - $50k | 0.30% $50k - $100k

University Federal Credit Union (UT) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-60 Month CD
1.00%$10-60 Month U Save Certificate
0.95%$500-60 Month One-Time Bump Certificate
0.90%$500-48 Month CD
0.85%$10-48 Month U Save Certificate
0.80%$500-36 Month CD
0.80%$500-48 Month One-Time Bump Certificate
0.75%$10-36 Month U Save Certificate
0.70%$500-30 Month CD
0.70%$500-36 Month One-Time Bump Certificate
0.65%$500-24 Month CD
0.65%$10-30-35 Month U Save Certificate
0.60%$10-24-29 Month U Save Certificate
0.60%$500-30 Month One-Time Bump Certificate
0.55%$500-24 Month One-Time Bump Certificate
0.50%$500-18 Month CD
0.45%$500-12 Month CD
0.45%$10-18-23 Month U Save Certificate
0.40%$10-12-17 Month U Save Certificate
0.40%$500-18 Month One-Time Bump Certificate
0.35%$500-6 Month CD
0.35%$500-12 Month Access Certificate
0.35%$500-12 Month One-Time Bump Certificate
0.30%$10-6-11 Month U Save Certificate
0.25%$10-3-5 Month U Save Certificate
0.25%$500-6 Month One-Time Bump Certificate

University Federal Credit Union (UT) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%$500-60 Month IRA
0.95%$500-60 Month IRA One-Time Bump Certificate
0.90%$500-48 Month IRA
0.80%$500-36 Month IRA
0.80%$500-48 Month IRA One-Time Bump Certificate
0.70%$500-30 Month IRA
0.70%$500-36 Month IRA One-Time Bump Certificate
0.65%$500-24 Month IRA
0.60%$500-30 Month IRA One-Time Bump Certificate
0.55%$500-24 Month IRA One-Time Bump Certificate
0.50%$500-18 Month IRA
0.45%$500-12 Month IRA
0.40%$500-18 Month IRA One-Time Bump Certificate
0.35%$500-6 Month IRA
0.35%$500-12 Month IRA One-Time Bump Certificate
0.25%$500-6 Month IRA One-Time Bump Certificate
Locations

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