LU 354 I B E W Credit Union Profile

Showing details for LU 354 I B E W Credit Union.

Home > UT > LU 354 I B E W

LU 354 I B E W

Charter #9398 | NCUA Region 3 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (801) 975-9693

Fax: (801) 975-9698

Founding Date: N/A

Website: http://www.ibewfcu.org

Personnel & Operations

President: Starkie, James

Manager: Perschon, Linda

FT Employees: 6

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 98

Branches: 1

Hours: MONDAY THRU FRIDAY 9AM TO 5PM.

Credit Union Profile Summary

LU 354 I B E W is a FCU Credit Union. With a total of 2,674 members [1], this institution manages approximately $42,574,974 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 14.23% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 0.29% [1].

Financial Snapshot

Total Assets [1]
$42,574,974

Total economic resources.

Total Loans [1]
$30,278,178

Total value of outstanding loans.

Total Deposits [1]
$36,561,484

Total funds deposited by members.

Members [1]
2,674

Number of active members.

Performance Ratios

Net Worth Ratio [1]
14.23%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
1.60%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
82.81%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 12.73%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 0.29%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↑ 1.48%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

3405 W 1987 S

SALT LAKE CITY, UT, 84104-4942
Open in Google Maps

Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

No approved reviews yet. Be the first to rate this Credit Union!

Branch Locations

Found 3 branches reported by LU 354 I B E W (Charter #9398).

Main Office

Credit Union Office Main Office

Type: Corporate Office

3405 W 1987 S

Salt Lake City, UT 84104-4942

Phone: (801) 975-9693

Services: Member Services, Drive-Thru

Open in Directions

Additional Branches

Salt Lake City

IBEW LOCAL 354

Type: Corporate Office

3400 W 2100 S

Salt Lake City, UT 84119

Phone: (801) 972-9354

Services: None specified

Open in Directions

Sandy

CMC

Type: Corporate Office

8520 S Sandy Pkwy

Sandy, UT 84070-6422

Phone: (800) 262-3539

Services: None specified

Open in Directions