Nov 23, 2022 / Local Utah
During this season of thanksgiving, we’re grateful for the opportunity to reflect on the past year. 2022 has been another amazing year for Utah First—one of continued growth and recognition for our credit union. We have grown in leaps and bounds and welcomed many new members into our fold. We even opened a brand-new branch—a state-of-the-art financial facility in Cottonwood Heights. We have so much to be grateful for, but most of all, we’re thankful for you!
At the very core of our credit union, we exist to serve you! Without the individuals, families, and businesses that make up our member-owners, we wouldn’t exist. Our sole purpose is to help you find stronger financial footing and maintain financial strength for a lifetime. This past year, we have tried to embrace this attitude of gratitude with a theme we established at our annual meeting all the way back in January—All Together Now. This theme is as a way to underscore our shared commitment to our communities, to each other, and to you.
Despite our best efforts to focus on these core values close to home, our “all together now” attitude continues to capture the attention of onlookers. In 2022, we won our 8th consecutive Crystal Performance Award, honoring Utah First as one of the top 10 outstanding credit unions in the country. We are grateful to be recognized four our growth, income, efficiency, margin management, and especially our hard work in helping people.
This past year we also established the Cash for College Scholarship program and renewed our commitment to extend loans to community members of all credit types. These programs resulted in unprecedented growth for our credit union. We are grateful to be able to nurture new credit union members and focus our collective financial strength to lift individuals in need.
Later in the year, as our members looked for more effective ways to save more of their money amid record inflation, we responded with improved savings, checking, money market and term deposit rates—most well above market averages. We hope these efforts sparked a renewed excitement about savings—empowering you to get the most for your money.
As we greet another season of thanks, our resolve to remain “all together now” has been renewed. Our core standards are steadfast and the outlook for our credit union has never been more optimistic. Thanks for making Utah First such an amazing institution. Our entire credit union is a reflection of the many members that make up our close-knit financial community. We couldn’t do what we do without you!