About Us
Utah First’s story began way back in 1935 with ten German immigrants living in Salt Lake City. It was a hot summer day in late July when the ten got together and said, “Ich denke wir mussen eine Credit Union eroffnen, weil unsere matratze nicht mehr genug platz hat.” The ten simply wanted a safe place to put their money and, as no local bank would give them financing, they wanted an institution that would give them the loans they needed to bring their families to America.
On July 23, 1935, the Utah German American Federal Credit Union was formed with 23 shares totaling $115.00.
Two years later, the credit union changed its name to the Utah C.V. Federal Credit Union. C.V. stands for the German term “Chemnitzer Vereinigung." “Chemnitz” is a city in the eastern part of Germany and “Vereinigung” means “togetherness” and “community.” At the same time, the Utah C.V. Credit Union lived up to its name by serving all members living in the communities found in Salt Lake, Davis, Weber and Utah counties.
Over the following years, the credit union began to execute its mission: be significant in the lives of our members, employees, and thier communites by providing better rates, better service and total commitment to our members.
The ten German immigrants that founded this credit union esteemed value and equality. They did not like being treated poorly by the big local banks, so they made sure that the credit union was built on real value and that its focus remain solely on building the financial future of all those who passed through its doors. Unlike the banks of 1935, it was never acceptable to tell a member that we could not help them – it is still not acceptable today. We’ll do the deal. We’ll give you exceptional service. Our members deserve our total commitment and they get it. This is "How Banking Should Be."
On April 1, 1996, the credit union changed its name to Utah First Federal Credit Union to help the people of Utah realize who our work is really for – Utahns.
In a world of fees and never-ending corporate greed, we introduce a new world. A world beyond banking. A world of transparency, simplicity and opportunity. A world that is fiscally sound. This is How Banking Should Be.
We welcome you to a financial institution that is totally committed to you. We welcome you to a full range of loan and deposit products that save or make you more money. We welcome you to our commitment to help you achieve every financial goal you have in life. We sincerely welcome you to Utah First Credit Union.
Its All About You...
We want you to switch to Utah First so that you can enjoy How Banking Should Be every day. In order for you to switch to Utah First, you must meet these simple requirements...
We can qualify residents of Salt Lake, Davis, Utah or Weber counties
Or be an immediate family member of an existing member regardless of your residence.
Or be an employee of a participating employer.
And deposit a minimum balance of $55 in a Share Savings account. (includes $5 fee for Community Volunteers of Utah membership)