Overview / Commentary
200 E South Temple
Salt Lake City, UT 84111

Utah First Federal Credit Union is headquartered in Salt Lake City and is the 10th largest credit union in the state of Utah. It is also the 639th largest credit union in the nation. It was established in 1935 and as of September of 2018, it had grown to 85 employees and 22,499 members at 10 locations. Utah First Federal Credit Union's money market rates are 6X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

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

Related Posts

Advertising Seems Deceptive - 9/10/2018

Not sure how I can start another 'posting' thread, but the info I received today from the CU seems important: It *looks* like it's a savings account that is yielding 2.25%, and since there are so few of those, a deal one might jump on right away. But they call it a 'dedicated savings' account, which means: You have to keep your money deposited for 1 year in order to receive that rate, per the customer service rep I spoke with. Naughty, naughty CU - representing a de facto 1 yr. CD as a savings account. No thanks.

Dedicated Savings Account Jumps To 2% APY - 7/14/2018

Dedicated Savings Account Commitment has its benefits. Dedicate $25 a month to your account and watch your cash add up. Plus, you’ll earn greater dividends than our Simply Savings account. Min Balance = $50 2.00% APY https://utahfirst.com/personal-savings-account/

Utah First Credit Union Ups 60-Month CD - 1/16/2018

Utah First Credit Union (easy membership) has raised the rates on its 60-month CD: 2.70% APY ($50k) and 2.60% APY ($500). Also available as an IRA.

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Reviews (2)

Quite Possibly The Easiest Out-Of-State Certificate Opening Ever

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.

Pleasant But Not Secure

Posted by: Gail | Apr 4, 2018

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.


Health Grade Components

NCUA #528
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD14.35%
Annual Interest Income$14.3MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$412.1MM$336.4MM
LoansQ3 2018vs Q3 2017$355.8MM$286.0MM
DepositsQ3 2018vs Q3 2017$341.6MM$291.6MM
Equity CapitalQ3 2018vs Q3 2017$45.2MM$38.7MM
Loan Loss AllowanceQ3 2018vs Q3 2017$3.4MM$3.0MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$628.00K$569.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
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Always verify rates and promotions with the bank or credit union. We are not Utah First Federal Credit Union; 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.

Utah First Federal Credit Union Savings Account Rates

OTHER TIERS: 0.25% $50 - $2k

Utah First Federal Credit Union Money Market Rates

2.50%*$1m*-Money Market
OTHER TIERS: 0.75% $2k - $25k | 1.00% $25k - $100k | 1.50% $100k - $250k | 2.00% $250k - $1m

Utah First Federal Credit Union Checking Account Rates

1.25%*$1m*-Dividend Checking
OTHER TIERS: 0.25% $2k - $100k | 0.75% $100k - $250k | 1.00% $250k - $1m

Utah First Federal Credit Union CD Rates

3.50%$500-60 Month CD
3.25%$500-48 Month CD
3.00%$500-36 Month CD
2.75%$500-24 Month CD
2.50%$500-12 Month CD
1.50%$500-6 Month CD

Utah First Federal Credit Union IRA Rates

3.50%$500-60 Month IRA
3.25%$500-48 Month IRA
3.00%$500-36 Month IRA
2.75%$500-24 Month IRA
2.50%$500-12 Month IRA
1.50%$500-6 Month IRA

Cities: American Fork, Farmington, Midvale, Provo, Salt Lake City, Sandy, South Jordan, Woods Cross

American Fork Branches
Branch Office616 W Main StAmerican Fork, UT 84003

Farmington Branches
Branch Office1173 Shepard Creek PkwyFarmington, UT 84025

Midvale Branches
Branch Office6935 S 900 EMidvale, UT 84047

Provo Branches
Branch Office310 N 100 WProvo, UT 84601

Salt Lake City Branches
Branch Office200 E South TempleSalt Lake City, UT 84111
Branch Office1760 W 2100 SSalt Lake City, UT 84127
Branch Office2641 S 3270 W Suite BSalt Lake City, UT 84119

Sandy Branches
Branch Office9213 S Quarry Bend DrSandy, UT 84094

South Jordan Branches
Branch Office3642 W 11400 SSouth Jordan, UT 84095

Woods Cross Branches
Branch Office1520 S 500 WWoods Cross, UT 84010-7414

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