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.
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