Deseret First Federal Credit Union West Valley City, Utah
Deseret First Federal Credit Union is a federal credit union headquartered in West Valley City, UT, established in 1955 (NCUA charter 24708), and it is regulated and insured by the NCUA. At Q2 2026 it reported 88,240 members and total assets of $1.27B (up 6.8% from Q2 2025), the 7th largest of 50 credit unions headquartered in Utah. Its net worth ratio was 8.59% at Q2 2026, in the well capitalized band.
Also written as Deseret First FCU · Trade name filed with the NCUA: Deseret First Credit Union
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Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 24708
- Headquarters
- West Valley City, UT
- Established
- 1955
- Total assets, Q2 2026
- $1.27B
- Assets vs Q2 2025
- +6.8%
- Members, Q2 2026
- 88,240
- Net worth ratio, Q2 2026
- 8.59%
- Latest call report
- Q2 2026, NCUA 5300 · Deseret First Federal Credit Union call report
- Asset rank in state
- 7th of 50 in Utah
- Routing number
- 324078909
- Branches
- 12
It has 3,810 more members than on June 30, 2025 (+4.5%). Its net worth ratio was up 0.31 percentage points from 8.28% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $525.0M of $1.03B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.75% is above the 0.68% median of the 454 credit unions with $1B to $10B in assets for Q2 2026. Its 8.59% net worth ratio is below that band's 10.89% median.
Credit unions similar in size in Utah
Frequently asked about Deseret First Federal Credit Union
How big is Deseret First Federal Credit Union?
At Q2 2026 it reported total assets of $1.27B and 88,240 members.
Where is Deseret First Federal Credit Union headquartered?
It is headquartered in West Valley City, UT, United States.
When was Deseret First Federal Credit Union founded?
It was established in 1955, per NCUA records.
Is Deseret First Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 24708): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Deseret First Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is Deseret First Federal Credit Union well capitalized?
Its net worth ratio was 8.59% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Deseret First Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.75% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Deseret First Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 90.11% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- West Valley City, UT 84120
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1955
- NCUA Charter #
- 24708
- RSSD ID
- 467890
- Members
- 88,240
- Potential members
- 1,300,000
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 454 credit unions with $1B to $10B in assets, as of Q2 2026. It is in the top quartile on 0 of 7 ranked measures and in the bottom quartile on 2.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 12.63% | 8.59% | 10.89% | under 10th bottom |
| Return on assets Middle half of peers: 0.59% to 1.25% | 0.84% | 0.89% | 46th below |
| Return on equity Middle half of peers: 5.37% to 10.92% | 9.94% | 8.07% | 66th above |
| Net interest margin Middle half of peers: 3.05% to 3.80% | 3.44% | 3.45% | 49th below |
| Efficiency ratio Middle half of peers: 63.16% to 77.23% | 73.11% | 70.59% | 41st below |
| Cost of funds Middle half of peers: 1.37% to 1.99% | 2.01% | 1.68% | 24th bottom |
| Delinquency ratio Middle half of peers: 0.45% to 1.05% | 0.75% | 0.68% | 45th below |
| Yield on assets Middle half of peers: 4.70% to 5.46% | 5.44% | 5.12% | 74th position only |
| Loan-to-share ratio Middle half of peers: 78.23% to 95.19% | 90.11% | 88.03% | 57th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$1.27B total assets against $1.19B; $1.14B total shares and deposits against $1.08B; $1.03B total loans against $1.01B.
$107.1M net worth against $95.9M.
8.59% net worth ratio against 8.28%.
90.11% loan-to-share ratio against 93.12%.
0.75% delinquency ratio against 0.62%.
0.84% return on assets against 0.70%; 9.94% return on equity against 8.66%.
3.44% net interest margin against 3.30%.
88,240 members against 84,430.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 8.59% | 0.84% | 0.75% | 90.11% |
| March 31, 2026 | 8.51% | 0.95% | 0.70% | 89.09% |
| December 31, 2025 | 8.40% | 1.08% | 0.76% | 91.25% |
| September 30, 2025 | 8.31% | 0.79% | 0.69% | 92.88% |
| June 30, 2025 | 8.28% | 0.70% | 0.62% | 93.12% |
| March 31, 2025 | 8.25% | 0.65% | 0.58% | 91.38% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.