Deseret First Federal Credit Union

Headquarters

3999 W Parkway Blvd
West Valley Cit, UT 84120
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 0.55% 4.65% →
2-Year CD 0.85% 4.25% →
5-Year CD 1.25% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 $1107.56 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 $1,107.56 million
Loans $928.75 million
Deposits $1,004.53 million
Capital $86.99 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 - December 23, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $30 - Learn More
Money Market
0.10% $1 $99,999 Learn More
Premium Money Market Account
0.20% $2,500 $19,999 Learn More
Premium Money Market Account
0.30% $20,000 $99,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.45% $500 $74,999 Learn More
6 Mo CD
0.45% $75,000 - Learn More
12 Mo CD
0.55% $500 $74,999 Learn More
12 Mo CD
0.55% $75,000 - Learn More
18 Mo CD
0.55% $500 $74,999 Learn More
18 Mo CD
0.55% $75,000 - Learn More
24 Mo CD
0.85% $500 $74,999 Learn More
24 Mo CD
0.85% $75,000 - Learn More
30 Mo CD
0.85% $500 $74,999 Learn More
30 Mo CD
0.85% $75,000 - Learn More
36 Mo CD
1.00% $500 $74,999 Learn More
36 Mo CD
1.00% $75,000 - Learn More
48 Mo CD
1.15% $500 $74,999 Learn More
48 Mo CD
1.15% $75,000 - Learn More
60 Mo CD
1.25% $500 $74,999 Learn More
60 Mo CD
1.25% $75,000 - Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
First Choice Platinum 1.00% $0 $0.00 Learn MoreShow Less

Loan Rates - December 23, 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
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.960% 6.875% 0.63 $2,764 $2,103 Learn More
Advantage Lending
NMLS ID: 2592312
License#: RM.805266.000
6.966% 6.875% 0.50 $3,145 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.338% 7.250% 0.88 $2,800 $2,183 Learn More
Veterans United Home Loans
NMLS ID: 1907
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
6.990 %
After Intro: 6.990 %
$0 Learn More
More Info
Rate
Rate
See Table
Intro APR
7.900 %
After Intro: 7.900 %
$25,000 Learn More
More Info

Note to Deseret First
To upload and update your bank's rates please register. It is free to register and add rates.

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
7.18% 5.83

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 June 30, 2024, Deseret First had $6,347,010 in non-current loans and $91,000 in owned assets. To cover these potential losses it had $86,988,996 in net worth and $2,701,214 in loans loss reserves. That gives it a Texas Ratio of 7.18%.

Net Worth
Deseret First U.S. Average
8.01% 13.93%

Deseret First FCU has a net worth of 8.01% versus the BestCashCow average of 13.93. 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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