Hercules Federal Credit Union
Headquarters
3141 W 4700 S
Salt Lake City, UT 84129
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2024 Overview
General Credit Union Information
Hercules is an NCUA insured institution located in Salt Lake City, UT. It was founded in 1973 and has approximately $71.01 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 67068 |
| Date Established | 1973 |
| Assets | $71.01 million |
| Loans | $35.79 million |
| Deposits | $64.76 million |
| Capital | $7.11 million |
Field of Membership Restrictions
Hercules Credit Union of Utah is open to every resident of Salt Lake County as long as they can meet the financial obligation of a minimal deposit, employees of the credit union affiliated select employee groups, and the family members of the current credit union members.
Deposit Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Hercules
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Note to Hercules
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Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Hercules
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: 447490 |
6.836% | 6.750% | 0.88 | $2,822 | $2,076 | Learn More |
NMLS ID: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | 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 |
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 |
Learn More
More Info |
Note to Hercules
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Branches
Below are Hercules 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
HERCULES 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
Hercules Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Hercules. 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
| Hercules | U.S. Average |
|---|---|
| 3.87% | 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, Hercules had $219,288 in non-current loans and $59,903 in owned assets. To cover these potential losses it had $7,105,132 in net worth and $111,075 in loans loss reserves. That gives it a Texas Ratio of 3.87%.
Net Worth
| Hercules | U.S. Average |
|---|---|
| 10.11% | 13.62% |
Hercules FCU has a net worth of 10.11% 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 Hercules
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