Utah First Federal Credit Union is headquartered in Salt Lake City and is the 9th largest credit union in the state of Utah. It is also the 545th largest credit union in the nation. It was established in 1935 and as of June of 2022, it had grown to 119 employees and 34,075 members at 9 locations. Utah First Federal Credit Union has an A+ health rating.
Membership is open to anyone by becoming a member of Community Volunteers of Utah ($5 annual fee). Joining Community Volunteer can be done on the Credit Union's online application. Membership is also open to employees of nearly 30 Select Employer Groups, and to immediate family members of current Utah First members.
See current membership details
I have been with Utah First for almost two years now. They offer personalized over the top service to their members.Whenever I had issues, they were solved in a quick fashion and they really want to help their members suceed. No other credit union I've had beats customer service quality. The one thing I dislike is that their website can be a bit confusing at times, and its very basic.
Extremely easy to open a certificate. They have methods in place to make secure verification and document exchange fast and easy. Very friendly service from Alli. Very competitive savings certificate rates at the time of this review. Highly recommend.
Customer Service woman was very, very helpful in getting the CD opened at a very competitive rate, 6 month penalty on a 5 year CD. You couldn't ask for better follow up and response! A couple of things came up though. On the funding page while filling out the online application there was a glitch in the program and I had to have customer service open up the CD manually. The online application has a problem and I hope they will fix as it caused a lot of extra work and agitation. I had to fund via bank wire since the ACH pull only goes up to $100.00. I somehow thought I could pull the whole amount out of my other bank after discussing it with someone there on the phone.
Overall, good customer service, rates and early withdrawal penalty.
Recently applied for new account. I found as a previous reviewer did that UTAH FIRST attach all of the account information in an UNSECURED email confirming the account application, which basically voids all attempts to secure the personal account information. It is my intent to bring this matter up with the CEO as all of the other factors about the financial strength of this institution and customer service convey a different picture than that of neglectful security.
The bank has no real security policies in place and treats documents with personal information like SS numbers, birth dates and account numbers cavalierly with no regard for identity protection by sending them in plain text through email instead of through encrypted and secure channels. Be advised. Of course, the bank could start training its employees to use proper security and to require it as a bank policy, but there is no evidence of this yet.
|Return on Assets - YTD||1.04%|
|Return on Equity - YTD||10.2%|
|Annual Interest Income||$14.6MM|
|Assets and Liabilities|
|Assets||Q2 2022vs Q2 2021||$737.0MM$695.5MM|
|Loans||Q2 2022vs Q2 2021||$661.4MM$510.2MM|
|Deposits||Q2 2022vs Q2 2021||$614.5MM$556.5MM|
|Equity Capital||Q2 2022vs Q2 2021||$73.9MM$65.5MM|
|Loan Loss Allowance||Q2 2022vs Q2 2021||$4.1MM$4.3MM|
|Unbacked Noncurrent Loans||Q2 2022vs Q2 2021||$383.00K$1.1MM|
|Real Estate Owned||Q2 2022vs Q2 2021||$0$0|
Rates for Utah First Federal Credit Union are currently being reviewed.
|Utah First Federal Credit Union Locations|
|Branch Office||1155 W Park Lane||Farmington, UT 84025|
|Branch Office||200 E South Temple||Salt Lake City, UT 84111|
|Branch Office||6935 S 900 E||Midvale, UT 84047|
|Branch Office||310 N 100 W||Provo, UT 84601|
|Branch Office||616 W Main St||American Fork, UT 84003|
|Branch Office||1760 W 2100 S||Salt Lake City, UT 84127|
|Branch Office||1520 S 500 W||Woods Cross, UT 84010-7414|
|Branch Office||9213 S Quarry Bend Dr||Sandy, UT 84094|
|Branch Office||3642 W 11400 S||South Jordan, UT 84095|