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Hercules First Credit Union
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Hercules First Credit Union Share
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Overview Share
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Hercules First Credit Union is a federal credit union based in Salt Lake City, Utah. It has been opened since 1973, for 49 years.

With around $102,870,000 in assets, Hercules First Credit Union is considered to be a large credit union. It has 3 branches and 1 ATM locations.

About Share
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Address 3141 W. 4700 S.
Salt Lake City, Utah 84129
Website http://www.herculescu.com
Phone (801) 968-9011
Fax (801) 966-8852
CEO Brett M. Blackburn
President of the Board Richard Wilcock
Services Offered
Score Card Share
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49 years
Years in business
Opened in 1973
Well Capitalized
Net worth classification
Source: NCUA
8,055 members
Membership type: Community credit union
Above average number of members
435:1
Credit union member to staff ratio
435 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$102,869,265
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 6 in Utah
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
9.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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3 branches
Compared with an average of 4 nationally and 6 in Utah
Above average number of branches
Hercules First Credit Union Branch Locations

Hercules First Credit Union: Salt Lake City Branch
125 S. State Street Suite 2205
Salt Lake City, Utah 84138
ATM Available
Hercules First Credit Union: Riverton Branch
1543 W. 12600 S.
Riverton, Utah 84065
No ATM
Hercules First Credit Union: Hercules Credit Union
3141 W. 4700 S.
Taylorsville, Utah 84129
No ATM
Members Share
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8,055 members
Membership type: Community credit union
Above average number of members

With 8,055 members, the Hercules First Credit Union is considered to be a large credit union. It is larger than 66% of credit unions.

Fees Share
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$31
Average fee per member
The average fee per member at the Hercules First Credit Union is $31, which is low compared to most credit unions. This rate is lower than 65% of all credit unions.
Fees are lower than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Hercules First Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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435:1
Credit union member to staff ratio
435 per each FTE employee
Compared to 411:1 nationally
Fewer staff
18 staff members
FTE (full-time equivalent)
5% of employees are part-time
18 full-time, 1 part-time

Hercules First Credit Union has 18 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Hercules First Credit Union has around 435 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$102,869,265
Total assets
Above average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.8%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$16,355
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 84% of credit unions.

Hercules First Credit Union holds a total of $59,380,000 in loans and leases, which is about $16,355 per member on average.

Savings interest rate Share
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0.10%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Hercules First Credit Union pays 0.10%.

Loan rates Share
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9.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.48%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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4.14%
New car loan rate
Compared to 4.0% nationally
4.14%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.24%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.24%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.36%
Other real estate loan rates
Compared to 0.9% nationally

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Hercules First Credit Union: Riverton Branch
Credit Union Branch: 1543 W. 12600 S.
Riverton, Utah 84065 No ATM
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Hercules First Credit Union: Salt Lake City Branch
Credit Union Branch: 125 S. State Street Suite 2205
Salt Lake City, Utah 84138 ATM Available
Credit First National Association
Bank: Brook Park, Ohio 41202980.0
Hercules First Credit Union: Hercules Credit Union
Credit Union Branch: 3141 W. 4700 S.
Taylorsville, Utah 84129 No ATM
Hercules First Credit Union: Salt Lake City Branch ATM
Credit Union ATM: 125 S. State Street Suite 2205
Salt Lake City, Utah 84138
Hercules First Credit Union
Credit Union: Well Capitalized Salt Lake City, Utah 8055.0 $103 million Well Capitalized