Nelnet Bank is a bank based in Draper, Utah, established in 2020, with $2.5 billion in total assets across 1 branch. By Trust Grade it ranks 22nd of 42 banks we track in Utah. Its capital ratio of 13.6% is stronger than 89% of similarly sized banks, versus a Utah median of 12.9%. It was profitable over the most recent period, with a 1.11% return on assets. No consumer complaints against Nelnet Bank appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Nelnet Bank compares to Utah peers
How we graded Nelnet Bank
The Trust Grade blends financial strength with complaint history. Full methodology →
- Strongly capitalized (13.6% capital ratio)
- Strongly profitable (ROA 1.11%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Nelnet Bank over the analysis window. For a smaller institution this is common and counts in its favor.
Branch locations (1)
- 13907 S Minuteman Dr, Draper, UT 84020
Are deposits at Nelnet Bank insured?
Yes. Nelnet Bank is an FDIC-insured bank (FDIC certificate #59205). 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.
Nelnet Bank: frequently asked questions
Is Nelnet Bank a good bank?
Nelnet Bank 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 (13.6% capital ratio); Strongly profitable (ROA 1.11%).
Is Nelnet Bank FDIC-insured?
Yes. Nelnet Bank is a FDIC-insured bank (FDIC certificate #59205). Deposits are protected up to the standard FDIC limit of $250,000 per depositor, per ownership category.
How big is Nelnet Bank?
Nelnet Bank holds $2.5 billion in total assets, ranking 22nd of 42 banks we track in Utah. It operates 1 branch.
Does Nelnet Bank have CFPB complaints?
No CFPB complaints against Nelnet Bank appear in our data over the analysis window, which is typical for a bank of this size.
Similar Banks
Financial data from FDIC 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.
