Utah First Federal Credit Union

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 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

Utah First Term Deposit Rate Reductions - 3/28/2019

Utah First CU has new, lower rates posted for their longer term deposit accounts. 36 Month Term Deposit 2.90%(Was 3.00%) 48 Month Term Deposit 3.00%(Was 3.25%) 60 Month Term Deposit 3.10%(Was 3.50%)

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/

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Reviews (4)

Great Small Credit Union

Posted by: srog385 | Mar 27, 2019

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.

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

Posted by: Spring | Jan 30, 2019

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

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 - YTD1.65%
Return on Equity - YTD14.35%
Annual Interest Income$19.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$406.8MM$350.0MM
LoansQ4 2018vs Q4 2017$361.1MM$294.3MM
DepositsQ4 2018vs Q4 2017$335.5MM$304.3MM
Equity CapitalQ4 2018vs Q4 2017$47.1MM$40.3MM
Loan Loss AllowanceQ4 2018vs Q4 2017$3.4MM$3.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$504.00K$3.2MM
Real Estate OwnedQ4 2018vs Q4 2017$0$446.00K
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Utah First Term Deposit Rate Reductions

pgroove_fan   |  
Utah First CU has new, lower rates posted for their longer term deposit accounts.

36 Month Term Deposit 2.90%(Was 3.00%)
48 Month Term Deposit 3.00%(Was 3.25%)
60 Month Term Deposit 3.10%(Was 3.50%)

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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

3.10%$500-60 Month CD
3.00%$500-48 Month CD
2.90%$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

3.10%$500-60 Month IRA
3.00%$500-48 Month IRA
2.90%$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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