Skip to main content
credit union

Lu 354 I B E W

Salt Lake City, UT · Est. 1954
A
Trust Grade
Excellent
Score: 98/100

Lu 354 I B E W is a credit union based in Salt Lake City, Utah, established in 1954, with $40 million in total assets serving 2,640 members. By Trust Grade it ranks 3rd of 52 credit unions we track in Utah. Its net worth ratio of 16.5% is stronger than 64% of similarly sized credit unions, versus a Utah median of 12.1%. It was profitable over the most recent period, with a 1.31% return on assets. No consumer complaints against Lu 354 I B E W appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.

Total assets
$39.9M
<$100M institution
Members
2,640
Shares & deposits
Net worth ratio
16.5%
Top 36% of <$100M peers · Utah median 12.1%
Return on assets
1.3%
Top 20% of <$100M peers · Utah median 0.87%
Rank in Utah
#3
of 52 credit unions

How Lu 354 I B E W compares to Utah peers

Net worth ratio
Top 36% of <$100M peers
Lu 354
16.5%
Utah median
12.1%
Higher capital ratio = stronger financial cushion
Return on assets
Top 20% of <$100M peers
Lu 354
1.3%
Utah median
0.9%
Higher ROA = more profitable relative to asset base

How we graded Lu 354 I B E W

The Trust Grade blends financial strength with complaint history. Full methodology →

Financial strength
98/100
Customer experience
n/a
Overall
A · 98
  • Strongly capitalized (16.5% capital ratio)
  • Strongly profitable (ROA 1.31%)
  • No CFPB complaints on record

Consumer complaints (CFPB)

No CFPB complaints are on file for Lu 354 I B E W over the analysis window. For a smaller institution this is common and counts in its favor.

Are deposits at Lu 354 I B E W insured?

Yes. Lu 354 I B E W is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.

Lu 354 I B E W: frequently asked questions

Is Lu 354 I B E W a good credit union?

Lu 354 I B E W earns a Bankzia Trust Grade of A (98/100, "Excellent"), based on a financial-strength score of 98/100 (it has no CFPB complaints on record). Strongly capitalized (16.5% capital ratio); Strongly profitable (ROA 1.31%).

Is Lu 354 I B E W NCUA-insured?

Yes. Lu 354 I B E W is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.

How big is Lu 354 I B E W?

Lu 354 I B E W holds $40 million in total assets, ranking 3rd of 52 credit unions we track in Utah. It serves 2,640 members.

Does Lu 354 I B E W have CFPB complaints?

No CFPB complaints against Lu 354 I B E W appear in our data over the analysis window, which is typical for a credit union of this size.

Similar Credit Unions

National J. A. C. L.
credit union · Salt Lake City, UT · $39M assets
Hi-Land
credit union · Salt Lake City, UT · $38M assets
Nephi Western Employees
credit union · Nephi, UT · $46M assets
Logan Medical
credit union · Logan, UT · $33M assets
Desertview
credit union · Huntington, UT · $49M assets
San Juan
credit union · Blanding, UT · $31M assets

Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.

From the Blog

View all guides →