Question 1

What is Beckstrand Credit Union?

Accepted Answer

Beckstrand Credit Union is a small, specialized state-chartered credit union based in Salt Lake City, Utah. Operating under NCUA Charter Number 67140, this institution serves as a natural person credit union with a focused membership base. With approximately $176,500 in total assets and 16 members as of Q3 2025, Beckstrand Credit Union represents a close-knit financial cooperative serving a specific group of individuals associated with Beckstrand and Associates.

The credit union operates as part of Utah's diverse credit union landscape, which includes approximately 61 credit unions across the state.

Question 2

When was Beckstrand Credit Union founded?

Accepted Answer

[Information not publicly available]

While specific founding details are not publicly documented, the credit union has been operating under its current charter for several years, maintaining its state charter status within Utah's regulated financial system.

Question 3

Where is Beckstrand Credit Union headquartered?

Accepted Answer

Beckstrand Credit Union is headquartered at 6322 S 3000 E, Suite 160, in Salt Lake City, Utah. The office is located in a multi-tenant professional building in the southeastern part of Salt Lake City.

This location positions the credit union within Utah's most populous city, though the credit union maintains a highly specialized membership focus rather than serving the broader Salt Lake City community.

Question 4

Where does Beckstrand Credit Union operate?

Accepted Answer

Beckstrand Credit Union operates exclusively in Salt Lake City, Utah. As a state-chartered natural person credit union, membership is restricted to individuals who share a common bond of association or occupation related to Beckstrand and Associates.

This selective field of membership model is characteristic of small associational credit unions that serve employees, family members, or associates of a specific organization or company.

Question 5

What services does Beckstrand Credit Union offer?

Accepted Answer

As a small natural person credit union, Beckstrand Credit Union focuses on fundamental member services. Based on the NCUA data showing minimal deposits ($115) and no current loan portfolio, the credit union appears to primarily provide share savings accounts for its members.

The institution does not maintain a public website, which is consistent with its small size and limited membership base. Services are likely delivered through direct member contact and traditional in-person transactions at the Salt Lake City office.

Question 6

What makes Beckstrand Credit Union unique?

Accepted Answer

Beckstrand Credit Union distinguishes itself through its intimate scale and specialized mission. With only 16 members, it represents one of Utah's smallest credit unions, offering a highly personalized financial cooperative experience.

The credit union has received notable philanthropic support from the Foothold Foundation, which is led by members of the Beckstrand family. In 2022, the Foothold Foundation donated $154,300 to support students in staying in school through the "Free to Focus Fund," demonstrating the credit union's connection to broader educational initiatives in Utah.

The institution maintains an exceptionally strong net worth ratio of 92.94%, indicating robust financial stability despite its small asset base. This financial strength, combined with a positive return on average assets of 2.80%, demonstrates sound management and operational efficiency at a micro scale.

Question 7

What type of financial institution is Beckstrand Credit Union?

Accepted Answer

Beckstrand Credit Union is a state-chartered credit union, regulated by the Utah Department of Financial Institutions and insured by the National Credit Union Administration (NCUA). State charter designation means the credit union operates under Utah state credit union laws while maintaining federal deposit insurance through the NCUA.

As a natural person credit union, membership is limited to individuals rather than organizations. The cooperative structure means members are both owners and customers, with any profits returned to members through improved services, better rates, or dividends. The credit union operates on a not-for-profit basis, focusing on member benefit rather than profit maximization.

The selective field of membership creates an exclusive financial cooperative serving those connected to Beckstrand and Associates, embodying the traditional credit union principle of "people helping people" within a defined community of interest.

Beckstrand Credit Union

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About Beckstrand Credit Union in the United States