Utah First Federal Credit Union
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 530th largest credit union in the nation. It was established in 1935 and as of September of 2022, it had grown to 113 employees and 34,992 members at 9 locations. Utah First Federal Credit Union has 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
12/12 - Utah First FCU Offers 22-Month 5.00% APY Regular/IRA Term Deposit, BUT....
7/5 - Utah First CU Drops Most Of Their Term Deposit Rates Again
6/14 - Utah First Joins The Rate Drop Parade
3/28 - Utah First Term Deposit Rate Reductions
Really, Nice Representative
Spoke to a representative named Josie to open a membership and the CD. The easiest account that I have opened and it took less time than other CDs. I have opened. With any other credit, unions or banks thanks so much.
Very Smooth
Opened 22 month 5% CD. Wired in the funds. They were very helpful. Would recommend
Chexsystem
Does anyone one know if they do a pull on Chexsystem to open a CD. Since I have to give an overall rating to ask this question I’ll give the 3 stars to start with.
Easy Process
This was an easy process! I decided to do the account opening process with a representative. I was called within an hour by Brett. He was great! He opened the account, provided the wire transfer information, and the whole process from start to finish was less than 24 hours. Utah First has great rates, the online banking is super user friendly, and the customer service is great! I did receive an email with one document with my ss# on it. It wasn’t a big deal for me because my husband is in IT and sees any bad actors because we use the network for his business. I also freeze our credit because most, if not everyone, has their information out on the dark web due to the equifax breach. I definitely recommend using the freeze option on all three credit reports! It’s so easy and you can schedule a “thaw” when you want to open up accounts.
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 528 |
| Year Chartered | 1935 |
| Employees | 113 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.2% |
| Return on Equity - YTD | 11.74% |
| Annual Interest Income | $23.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $764.0MM$660.8MM |
| Loans | Q3 2022vs Q3 2021 | $680.1MM$560.6MM |
| Deposits | Q3 2022vs Q3 2021 | $604.3MM$570.7MM |
| Equity Capital | Q3 2022vs Q3 2021 | $76.9MM$67.9MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $4.3MM$4.3MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $679.00K$916.00K |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |