Credit union

Deseret First Credit Union

West Valley Cit, Utah, Salt Lake County, UT

$1.3B in total assets and 88,240 members, the 392nd largest of 4,298 US credit unions and 7th of 51 headquartered in Utah.

NCUA charter: 24708
Charter: Federal
Chartered: 1955
NCUA insured since: 1987
Field of membership: Multiple common bond - primarily faith based
Low-income designation: Yes
Website: http://www.dfcu.com

At a glance

Compared with 445 US federally insured credit unions with $1 billion to $10 billion in assets, as of June 30, 2026.

Measure	This credit union	Percentile	Peer median
Total assets	$1.3B	19%	$2.1B
Loans	$1.0B	29%	$1.5B
Deposits (shares)	$1.1B	24%	$1.8B
Members	88,240	36%	118,683
Return on assets	0.90%	58%	0.82%
Net interest income to assets	3.43%	51%	3.42%
Efficiency ratio	72.4%	53%	71.7%
Net worth ratio	8.59%	6%	10.89%
Loans to shares	90%	57%	88%
Cost of deposits	2.26%	84%	1.78%

Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.

Growth

Total assets grew 8.8% a year over 10 years and 7.4% a year over the last 5, without mergers. Membership grew 4.1% a year over 5 years, to 88,240.

Where they operate

12 branches in 5 counties.

Largest counties by branches

County	Branches	Share of all branches	Rank
Salt Lake County, UT	6	1.5%	16 of 96
Davis County, UT	2	2.1%	13 of 30
Utah County, UT	2	1.1%	21 of 32
Cache County, UT	1	2.3%	10 of 19
Washington County, UT	1	1.7%	14 of 19

Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.

Branches by year

Year end	Branches	Change
2016	11
2017	11	0
2018	11	0
2019	11	0
2020	11	0
2021	11	0
2022	11	0
2023	12	+1
2024	12	0
2025	12	0
Jun 2026	12	0

Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.

Earnings and credit

Return on assets

Year to date, annualized, with the peer median.

Credit and capital

	This credit union	Peer median
Delinquent loans, 60+ days	0.75%	0.69%
Net worth ratio	8.59%	10.89%
Loans to shares	90%	88%

Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.

Credit unions of similar size in Utah

Most branches in Salt Lake County, UT

Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.