Lu 354 I B E W vs Nephi Western Employees
Comparing a Credit Union in Salt Lake City, UT with a Credit Union in Nephi, UT using federal FDIC, NCUA, and CFPB data. Trust Grades reflect financial strength and complaint history.
| Lu 354 I B E W ↗ Credit Union · Salt Lake City, UT · Est. 1954 | Nephi Western Employees ↗ Credit Union · Nephi, UT · Est. 1950 | |
|---|---|---|
| Trust Grade | A · 98/100 | A · 98/100 |
| Institution type | Credit Union | Credit Union |
| Location | Salt Lake City, UT | Nephi, UT |
| Total assets | $39.9M | $46.1M |
| Net worth ratio | 16.5% | 34.3% |
| Return on assets | 1.3% | 1.4% |
| Shares & deposits | — | — |
| Members | 2,640 | 2,916 |
| CFPB complaints | 0 | 0 |
| Complaints / $1B assets | — | — |
| State rank | #3 of 52 | #1 of 52 |
| Established | 1954 | 1950 |
Lu 354 I B E W
- Assets: $39.9M
- Members: 2,640
- Capital ratio: 16.5%
- Return on assets: 1.3%
- CFPB complaints: 0
- State rank: #3 of 52
Nephi Western Employees
- Assets: $46.1M
- Members: 2,916
- Capital ratio: 34.3%
- Return on assets: 1.4%
- CFPB complaints: 0
- State rank: #1 of 52
Are both institutions federally insured?
Yes. Lu 354 I B E W is NCUA-insured and Nephi Western Employees is NCUA-insured. Both protect deposits up to $250,000 per depositor, per ownership category, regardless of Trust Grade. The Trust Grade reflects financial strength and complaint history — not the safety of insured deposits. Estimate your coverage →
Frequently asked questions
Which is better, Lu 354 I B E W or Nephi Western Employees?
Based on Bankzia's Trust Grade — which blends financial strength (capital ratio, ROA) with CFPB complaint history — Lu 354 I B E W scores higher with a grade of A (98/100). However, "better" depends on your needs: if you prioritize branch access, local service, or membership eligibility for a credit union, the lower-scoring option may still be the right choice for you.
Is Lu 354 I B E W safe?
Yes — Lu 354 I B E W is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected regardless of the institution's Trust Grade. Its Trust Grade is A (98/100), reflecting its financial strength and complaint history relative to peers.
Is Nephi Western Employees safe?
Yes — Nephi Western Employees is NCUA-insured, meaning deposits up to $250,000 per depositor, per ownership category are federally protected. Its Trust Grade is A (98/100).
What is the capital ratio of Lu 354 I B E W vs Nephi Western Employees?
Lu 354 I B E W has a net worth ratio of 16.5%, placing it in the top 36% of <$100M peers. Nephi Western Employees's ratio is 34.3%, placing it in the top 4% of <$100M peers. A higher capital ratio generally signals a stronger financial cushion.
How many complaints does Lu 354 I B E W have compared to Nephi Western Employees?
The CFPB database shows 0 complaints against Lu 354 I B E W, and 0 complaints against Nephi Western Employees. The per-$1B rate adjusts for institution size and is a more meaningful comparison metric.
How does Bankzia calculate the Trust Grade?
The Trust Grade combines a financial strength score (based on capital ratio, return on assets, and other FDIC/NCUA metrics) with a customer experience score derived from CFPB complaint data. The scores are weighted and normalized within peer groups by institution size and type. See our full methodology for details.
Compare Lu 354 I B E W with other Credit Unions in Utah
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is independent and not affiliated with any government agency or financial institution.
