HEADQUARTERED IN UTAH
Utah banks and credit unions
96 institutions headquartered in Utah. Totals describe institutions by headquarters, not deposits held at branches in the state.
Utah banks
- 45 banks headquartered in Utah reported $1.4 trillion in combined total assets for the quarter ended June 30, 2026.
- Their combined deposits were $1.0 trillion, up 15.2% from a year earlier among institutions that reported both quarters.
- The median net interest margin was 5.50%, and the median cost of all deposits was 2.78%.
- Institutions
- 45
- Combined total assets
- $1.4 trillion
- Combined deposits
- $1.0 trillion
- Deposit growth, 12 months
- +15.2%
- Loan growth, 12 months
- +10.2%
- Median net interest margin
- 5.50%
- Median return on assets
- 1.91%
- Median cost of deposits
- 2.78%
What stands out
- Synchrony BankNet charge-offs falling faster than peers
- American Express National BankFee and other noninterest income among the highest of similar banks
- Morgan Stanley Bank N.A.Commercial lending growing with steady credit
- Green Dot BankNet charge-offs rising while the peer median holds steady
- Lendingclub Bank N.A.Reliance on CDs rising while the peer median falls
- Zions Bancorporation N.A.Borrowed funding falling while the peer median rises
- Bmw Bank of North AmericaDeposit costs among the highest of similar banks
- Finwise BankNet interest margin widening faster than peers
Largest banks
| Institution | City | Total assets | Deposit growth | ROA |
|---|---|---|---|---|
| Morgan Stanley Bank N.A. | Salt Lake City | $419 billion | +44.6% | 1.42% |
| American Express National Bank | Sandy | $214 billion | +1.8% | 3.64% |
| Ally Bank | Sandy | $188 billion | +3.5% | 1.30% |
| UBS Bank USA | Salt Lake City | $124 billion | +11.1% | 1.14% |
| Synchrony Bank | Draper | $115 billion | +1.4% | 3.06% |
| Zions Bancorporation N.A. | Salt Lake City | $89.0 billion | +3.5% | 2.05% |
| Sofi Bank N.A. | Cottonwood Heigh | $56.8 billion | +57.4% | 1.95% |
| Sallie Mae Bank | Salt Lake City | $28.5 billion | -2.3% | 1.18% |
| Optum Bank Inc. | Draper | $21.4 billion | +9.5% | 2.19% |
| Comenity Capital Bank | Draper | $13.9 billion | +9.9% | 1.55% |
| Bmw Bank of North America | Salt Lake City | $13.8 billion | +19.3% | 2.33% |
| Lendingclub Bank N.A. | Lehi | $12.5 billion | +17.2% | 1.91% |
| Wex Bank | Sandy | $10.7 billion | +21.4% | 4.66% |
| Merrick Bank | South Jordan | $9.1 billion | +5.9% | 1.82% |
| Green Dot Bank | Provo | $5.4 billion | +10.4% | 1.36% |
Rankings
- Largest banks in Utah
- Fastest deposits growth in Utah
- Fastest loan growth in Utah
- Highest return on assets in Utah
All 45 banks headquartered in Utah
- Ally Bank Sandy
- American Express National Bank Sandy
- B2 Bank N.A. Holladay
- Bank of Utah Ogden
- Bmw Bank of North America Salt Lake City
- Brighton Bank Salt Lake City
- Cache Valley Bank Logan
- Capital Community Bank Provo
- Celtic Bank Corporation Salt Lake City
- Central Bank Provo
- Column N.A. Salt Lake City
- Comenity Capital Bank Draper
- Continental Bank Salt Lake City
- Finwise Bank Murray
- First Electronic Bank Salt Lake City
- First Utah Bank Salt Lake City
- Grand Valley Bank Heber City
- Green Dot Bank Provo
- Home Savings Bank Salt Lake City
- Lendingclub Bank N.A. Lehi
- Liberty Bank Inc. Salt Lake City
- Medallion Bank Salt Lake City
- Merrick Bank South Jordan
- Milestone Bank Salt Lake City
- Morgan Stanley Bank N.A. Salt Lake City
- Nelnet Bank Draper
- Optum Bank Inc. Draper
- Prime Alliance Bank Woods Cross
- Redemption Bank Salt Lake City
- Sallie Mae Bank Salt Lake City
- Sofi Bank N.A. Cottonwood Heigh
- Square Financial Services Inc. Salt Lake City
- State Bank of Southern Utah Cedar City
- Sunwest Bank Sandy
- Synchrony Bank Draper
- The Pitney Bowes Bank Inc. Salt Lake City
- Thrivent Bank Salt Lake City
- Transportation Alliance Bank, Inc. Dba Tab Bank Ogden
- UBS Bank USA Salt Lake City
- Utah Independent Bank Salina
- Varo Bank N.A. Draper
- Webbank Salt Lake City
- Wells Fargo Trust Company N.A. Ogden
- Wex Bank Sandy
- Zions Bancorporation N.A. Salt Lake City
Utah credit unions
- 51 credit unions headquartered in Utah reported $70.0 billion in combined total assets for the quarter ended June 30, 2026.
- Their combined shares and deposits were $61.0 billion, up 9.2% from a year earlier among institutions that reported both quarters.
- The median net interest margin was 3.51%, and the median cost of all shares and deposits was 2.03%.
- Institutions
- 51
- Combined total assets
- $70.0 billion
- Combined shares and deposits
- $61.0 billion
- Share and deposit growth, 12 months
- +9.2%
- Loan growth, 12 months
- +10.4%
- Median net interest margin
- 3.51%
- Median return on assets
- 0.88%
- Median cost of shares and deposits
- 2.03%
What stands out
- Beckstrand and Associates Credit UnionNet worth ratio rising faster than peers
- Pacific Horizon Credit UnionDelinquent loans falling while the peer median rises
- S E A Credit UnionShare and deposit costs among the highest of similar credit unions
- Logan Medical Federal Credit UnionShare and deposit costs falling while the peer median holds steady
- Flexpak Federal Credit UnionShare and deposit costs among the highest of similar credit unions
- Canyon View Federal Credit UnionMembership shrinking while the peer median grows
- Valley Wide Federal Credit UnionNet worth ratio rising faster than peers
- North Sanpete Federal Credit UnionReturn on assets rising while the peer median falls
Largest credit unions
| Institution | City | Total assets | Share growth | ROA |
|---|---|---|---|---|
| America First Federal Credit Union | Riverdale | $26.0 billion | +12.9% | 2.17% |
| Mountain America Federal Credit Union | Sandy | $22.9 billion | +6.0% | 0.89% |
| Goldenwest Federal Credit Union | Ogden | $4.3 billion | +15.4% | 1.72% |
| Utah Community Federal Credit Union | Provo | $4.0 billion | +6.9% | 2.16% |
| Canyon View Federal Credit Union | Salt Lake City | $2.1 billion | +4.6% | 0.68% |
| Cyprus Federal Credit Union | West Jordan | $2.1 billion | +10.5% | 1.11% |
| Deseret First Federal Credit Union | West Valley Cit | $1.3 billion | +5.9% | 0.84% |
| Utah First Federal Credit Union | Salt Lake City | $1.2 billion | +11.0% | 1.08% |
| Utah Power Credit Union | Murray | $1.1 billion | +6.8% | 1.53% |
| Granite Federal Credit Union | Salt Lake City | $918 million | +3.2% | 0.58% |
| Wasatch Peaks Federal Credit Union | Ogden | $658 million | +10.5% | 0.69% |
| Jordan Federal Credit Union | South Jordan | $425 million | +7.2% | 1.00% |
| American United Federal Credit Union | West Jordan | $383 million | +4.6% | 0.53% |
| Alpine Federal Credit Union | Orem | $363 million | n/a | n/a |
| Elevate Federal Credit Union | Brigham City | $260 million | +5.0% | 2.11% |
Rankings
- Largest credit unions in Utah
- Fastest shares and deposits growth in Utah
- Fastest loan growth in Utah
- Highest return on assets in Utah
All 51 credit unions headquartered in Utah
- Alpine Federal Credit Union Orem
- America First Federal Credit Union Riverdale
- American United Federal Credit Union West Jordan
- Beckstrand and Associates Credit Union Salt Lake City
- C U P Federal Credit Union Provo
- Canyon View Federal Credit Union Salt Lake City
- Cyprus Federal Credit Union West Jordan
- Deseret First Federal Credit Union West Valley Cit
- Desert Rivers Federal Credit Union Moab
- Desertview Federal Credit Union Huntington
- Devils Slide Federal Credit Union Morgan
- Eastern Utah Community Federal Credit Union Price
- Education 1st Credit Union Ogden
- Elevate Federal Credit Union Brigham City
- Firefighters Credit Union Draper
- Flexpak Federal Credit Union Woods Cross
- Freedom Credit Union Provo
- Gibbons and Reed Employees Federal Credit Union Salt Lake City
- Goldenwest Federal Credit Union Ogden
- Granite Federal Credit Union Salt Lake City
- Hercules First Federal Credit Union Salt Lake City
- Hi-Land Credit Union Salt Lake City
- Hollyfrontier Employee'S Credit Union Bountiful
- Horizon Utah Federal Credit Union Farmington
- Jordan Federal Credit Union South Jordan
- Kings Peak Credit Union Roosevelt
- Logan Medical Federal Credit Union Logan
- Lu 354 I B E W Federal Credit Union Salt Lake City
- Members First Credit Union Brigham City
- Millard County Credit Union Fillmore
- Mountain America Federal Credit Union Sandy
- National J. A. C. L. Credit Union Salt Lake City
- Nephi Western Employees Federal Credit Union Nephi
- New Heights Federal Credit Union Logan
- North Sanpete Federal Credit Union Fairview
- Orem City Employees Federal Credit Union Orem
- P & S Credit Union Salt Lake City
- Pacific Horizon Credit Union Springville
- Presto Lewiston Employees Credit Union Lewiston
- Ridgeline Federal Credit Union Salt Lake City
- S E A Credit Union Richfield
- San Juan Credit Union Blanding
- South Sanpete Credit Union Manti
- Uintah Credit Union Vernal
- Utah Community Federal Credit Union Provo
- Utah First Federal Credit Union Salt Lake City
- Utah Heritage Credit Union Moroni
- Utah Power Credit Union Murray
- Valley Wide Federal Credit Union Vernal
- Varex Federal Credit Union Salt Lake City
- Wasatch Peaks Federal Credit Union Ogden