Deseret First Federal Credit Union
Headquarters
3999 W Parkway Blvd
West Valley Cit, UT 84120
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2024 Overview
General Credit Union Information
Deseret First is an NCUA insured institution located in West Valley Cit, UT. It was founded in 1955 and has approximately $1062.76 millions in assets.
Who can join?
Deseret First serves members of The Church of Jesus Christ of Latter-day Saints and employees of the following organizations, along with their families:
• Corporation of the President of The Church of Jesus Christ of Latter-day Saints (including Church Education System)
• Corporation of the Presiding Bishop of The Church of Jesus Christ of Latter-day Saints
• Beneficial Life Insurance Company
• Bonneville International Corporation (including Bonneville Communications and KSL)
• Brigham Young University
• Deseret Book Company
• Deseret Management Corporation (including DMBA)
• Deseret News Publishing Company
• Intermountain Health Care
• Kirton & McConkie, PC
• Lakeview Hospital
• LDS Business College
• South Davis Community Hospital
• Temple Square Hospitality Corporation
• Zions Securities Corporation
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24708 |
| Date Established | 1955 |
| Assets | $1,062.76 million |
| Loans | $916.53 million |
| Deposits | $964.75 million |
| Capital | $83.12 million |
Field of Membership Restrictions
Membership is open to those who are members of the Church of Jesus Christ of Latter-Day Saints and their families as well as employees of the Church. Membership is also open to select companies and organizations.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.05% | $30 | - |
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|
|
Money Market
|
0.10% | $1 | $99,999 |
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|
|
Premium Money Market Account
|
0.20% | $2,500 | $19,999 |
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|
|
Premium Money Market Account
|
0.30% | $20,000 | $99,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $500 | $74,999 |
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|
| 6 Mo CD
|
0.45% | $75,000 | - |
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|
| 12 Mo CD
|
0.55% | $500 | $74,999 |
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|
| 12 Mo CD
|
0.55% | $75,000 | - |
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|
| 18 Mo CD
|
0.55% | $500 | $74,999 |
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|
| 18 Mo CD
|
0.55% | $75,000 | - |
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|
| 24 Mo CD
|
0.85% | $500 | $74,999 |
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|
| 24 Mo CD
|
0.85% | $75,000 | - |
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|
| 30 Mo CD
|
0.85% | $500 | $74,999 |
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|
| 30 Mo CD
|
0.85% | $75,000 | - |
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|
| 36 Mo CD
|
1.00% | $500 | $74,999 |
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|
| 36 Mo CD
|
1.00% | $75,000 | - |
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|
| 48 Mo CD
|
1.15% | $500 | $74,999 |
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|
| 48 Mo CD
|
1.15% | $75,000 | - |
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|
| 60 Mo CD
|
1.25% | $500 | $74,999 |
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|
| 60 Mo CD
|
1.25% | $75,000 | - |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.20% | $1 | - | Learn More |
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| First Choice Platinum | 1.00% | $0 | $0.00 | Learn More |
Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Deseret First
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.710% | 6.625% | 0.88 | $2,806 | $2,049 | Learn More |
NMLS ID: 2059741 |
7.004% | 6.875% | 0.63 | $4,192 | $2,103 | Learn More |
NMLS ID: 3030 |
7.463% | 7.375% | 0.88 | $2,800 | $2,211 | Learn More |
NMLS ID: Not a Lender |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Deseret First
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Branches
Below are Deseret First branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
DESERET FIRST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Deseret First Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Deseret First. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Deseret First | U.S. Average |
|---|---|
| 5.88% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Deseret First had $4,341,632 in non-current loans and $706,623 in owned assets. To cover these potential losses it had $83,121,758 in net worth and $2,701,214 in loans loss reserves. That gives it a Texas Ratio of 5.88%.
Net Worth
| Deseret First | U.S. Average |
|---|---|
| 8.01% | 13.62% |
Deseret First FCU has a net worth of 8.01% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Deseret First
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