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Utah First Credit Union

Overview
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Utah First Credit Union is a federal credit union based in Salt Lake City, Utah. It has been opened since 1935, for 85 years.

With around $406,820,000 in assets, Utah First Credit Union is considered to be a very large credit union. It has 10 branches and 7 ATM locations.

About
Address 200 E. South Temple
Salt Lake City, Utah 84111
Website http://www.utahfirst.com
Phone (801) 320-2600
Fax (801) 320-2663
CEO Darin B. Moody
President of the Board Dave Pendleton
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
22,443 members
Membership type: Multiple common bond – other
Above average number of members
259:1
Credit union member to staff ratio
259 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$406,816,838
Total assets
Above average
10 branches
Compared with an average of 4 nationally and 6 in Utah
Above average number of branches
0.50%
Savings interest rate
Compared to 0.3% nationally
11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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10 branches
Compared with an average of 4 nationally and 6 in Utah
Above average number of branches
Utah First Credit Union Branch Locations

Utah First Credit Union: Provo Branch
310 North 100 W.
Provo, Utah 84601
No ATM
Utah First Credit Union: Farmington Branch
1173 Shepard Creek Parkway
Farmington, Utah 84025
ATM Available
Utah First Credit Union: Salt Lake City Branch
200 E. South Temple
Salt Lake City, Utah 84111
ATM Available
Utah First Credit Union: Midvale Branch
6935 S. 900 E.
Midvale, Utah 84047
ATM Available
Utah First Credit Union: Postal First Branch
1760 W. 2100 S.
Salt Lake City, Utah 84127
No ATM
Utah First Credit Union: Woods Cross Branch
1520 S. 500 W.
Woods Cross, Utah 84010
ATM Available
Utah First Credit Union: American Fork Branch
616 W. Main Street
American Fork, Utah 84003
ATM Available
Utah First Credit Union: Sandy Branch
9213 S. Quarry Bend Drive
Sandy, Utah 84094
ATM Available
Utah First Credit Union: Teamsters
2641 S. 3270 W.
Suite B.
Salt Lake City, Utah 84119
No ATM
Utah First Credit Union: South Jordan
3642 W. 11400 S.
South Jordan, Utah 84095
ATM Available
Members
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22,443 members
Membership type: Multiple common bond – other
Above average number of members

With 22,443 members, the Utah First Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 83% of credit unions.

Fees
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$93
Average fee per member
The average fee per member at the Utah First Credit Union is $93, which is very high compared to most credit unions. This rate is higher than 82% of all credit unions.
Fees are higher 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 Utah First Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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259:1
Credit union member to staff ratio
259 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
86 staff members
FTE (full-time equivalent)
3% of employees are part-time
85 full-time, 3 part-time

Utah First Credit Union has 85 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 97% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Utah First Credit Union has around 259 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$406,816,838
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.
11.6%
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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$22,640
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 94% of credit unions.

Utah First Credit Union holds a total of $361,110,000 in loans and leases, which is about $22,640 per member on average.

Savings interest rate
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0.50%
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. Utah First Credit Union pays 0.50%.

Loan rates
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11.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
7.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.25%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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4.50%
New car loan rate
Compared to 4.0% nationally
4.50%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.99%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally