Utah First Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 3.50% | 5-year CD | 2.27% - National Average |
| 3.50% | 5-year IRA | 2.28% - National Average |
| 2.50% | 1-year CD | 1.38% - National Average |
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 646th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 85 employees and 22,443 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
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.
Great Customer Service And Support But Other Issues
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.
Pleasant But Not Secure
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.
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 528 |
| Year Chartered | 1935 |
| Employees | 85 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.65% |
| Return on Equity - YTD | 14.35% |
| Annual Interest Income | $19.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $406.8MM$350.0MM |
| Loans | Q4 2018vs Q4 2017 | $361.1MM$294.3MM |
| Deposits | Q4 2018vs Q4 2017 | $335.5MM$304.3MM |
| Equity Capital | Q4 2018vs Q4 2017 | $47.1MM$40.3MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $3.4MM$3.1MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $504.00K$3.2MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$446.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $2k* | - | Savings | ||
| OTHER TIERS: 0.25% → $50 - $2k | |||||
| 0.50% | - | - | IRA | ||
Utah First Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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 |
| American Fork Branches | ||
|---|---|---|
| Branch Office | 616 W Main St | American Fork, UT 84003 |
| Farmington Branches | ||
|---|---|---|
| Branch Office | 1173 Shepard Creek Pkwy | Farmington, UT 84025 |
| Midvale Branches | ||
|---|---|---|
| Branch Office | 6935 S 900 E | Midvale, UT 84047 |
| Provo Branches | ||
|---|---|---|
| Branch Office | 310 N 100 W | Provo, UT 84601 |
| Salt Lake City Branches | ||
|---|---|---|
| Branch Office | 200 E South Temple | Salt Lake City, UT 84111 |
| Branch Office | 1760 W 2100 S | Salt Lake City, UT 84127 |
| Branch Office | 2641 S 3270 W Suite B | Salt Lake City, UT 84119 |
| Sandy Branches | ||
|---|---|---|
| Branch Office | 9213 S Quarry Bend Dr | Sandy, UT 84094 |
| South Jordan Branches | ||
|---|---|---|
| Branch Office | 3642 W 11400 S | South Jordan, UT 84095 |
| Woods Cross Branches | ||
|---|---|---|
| Branch Office | 1520 S 500 W | Woods Cross, UT 84010-7414 |