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Transwest Credit Union

Overview
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Transwest Credit Union is a federally insured state credit union based in Salt Lake City, Utah. It has been opened since 1985, for 35 years.

With around $141,670,000 in assets, Transwest Credit Union is considered to be a large credit union. It has 5 branches and 5 ATM locations.

About
Address 37 W. 1700 S.
Salt Lake City, Utah 84115
Website http://www.transwestcu.com
Phone (801) 487-1692
Fax (801) 486-9743
CEO Bret Rigby
President of the Board Roger Beynon
Services Offered
Map
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Score Card
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35 years
Years in business
Opened in 1985
Well Capitalized
Net worth classification
Source: NCUA
12,376 members
Membership type: State chartered natural person credit union
Above average number of members
317:1
Credit union member to staff ratio
317 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$141,671,922
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 6 in Utah
Above average number of branches
0.31%
Savings interest rate
Compared to 0.3% nationally
10.29%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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5 branches
Compared with an average of 4 nationally and 6 in Utah
Above average number of branches
Transwest Credit Union Branch Locations

Transwest Credit Union: Administrative Office
37 W. 1700 S.
Salt Lake City, Utah 84115
ATM Available
Transwest Credit Union: Sandy Branch
10692 S. State Street
Sandy, Utah 84070
ATM Available
Transwest Credit Union: Taylorsville Branch
6189 S. Redwood Road
Taylorsville, Utah 84123
ATM Available
Transwest Credit Union: Magna Branch
9024 W. Magna Main Street
Magna, Utah 84044
ATM Available
Transwest Credit Union: Salt Lake Branch
39 W. 2100 S.
Salt Lake City, Utah 84115
ATM Available
Members
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12,376 members
Membership type: State chartered natural person credit union
Above average number of members

With 12,376 members, the Transwest Credit Union is considered to be a large credit union. It is larger than 74% of credit unions.

Fees
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$47
Average fee per member
The average fee per member at the Transwest Credit Union is $47, which is comparable to most credit unions. This rate is lower than 51% of all credit unions.
Fees are 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 Transwest Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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317:1
Credit union member to staff ratio
317 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
39 staff members
FTE (full-time equivalent)
5% of employees are part-time
38 full-time, 2 part-time

Transwest Credit Union has 38 full-time staff members and 2 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. Transwest Credit Union has around 317 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$141,671,922
Total assets
Above average
Net worth
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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.
9.3%
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
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$13,919
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 76% of credit unions.

Transwest Credit Union holds a total of $111,130,000 in loans and leases, which is about $13,919 per member on average.

Savings interest rate
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0.31%
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. Transwest Credit Union pays 0.31%.

Loan rates
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10.29%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
13.26%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.19%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.93%
New car loan rate
Compared to 4.0% nationally
4.76%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.48%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.84%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally