Federal credit union · SALT LAKE CITY, Utah · NCUA charter #24902
Hercules First
Health score 62/100 (Good) - from the NCUA 5300 Call Report, 2025Q4.
- 62
- Health / 100
- $163.4M
- Total assets
- 8,660
- Members
- 5.0%
- Net-worth ratio
Hercules First - Share Insurance Coverage
The 2025Q4 NCUA Call Report puts charter #24902 at the supervisory bracket and risk-based capital level shown below. NCUSIF protection is covered in our deposit-insurance coverage note.
Hercules First - Five Health Pillars
Each bar is the credit union's 0-100 sub-score on one pillar of the composite. The weighted sum of these five sub-scores is the headline health score above, same NCUA 5300 figures, no normalisation tricks.
- Capital (net worth ratio)42
- Asset quality (delinquency)76
- Earnings (ROA)82
- Member growth50
- Liquidity (loan-to-share)73
Weighted composite: 62/100 - each bar is the 0–100 sub-score; the composite weights them 30/25/15/15/15.
5.01% net worth is short of the NCUA's 7.0% well-capitalized bar for this institution.
Financial Health Metrics
| Metric | Value | Weight |
|---|---|---|
| Net Worth Ratio | 5.01% | 30% |
| Delinquency Rate | 1.12% | 25% |
| Return on Assets | 0.32% | 15% |
| Member Growth | -0.84% | 15% |
| Loan-to-Share Ratio | 99.16% | 15% |
Health score = weighted composite of above metrics. Scores based on NCUA 5300 Call Report Q4 2025 data. Peer group: $100M–$500M (1069 CUs).
Historical Financials
| Quarter | Assets | Members |
|---|---|---|
| 2025Q4 | $163.4M | 8,660 |
| 2024Q4 | $167.0M | 8,733 |
| 2023Q4 | $163.8M | 8,557 |
Credit Union Details
- Charter Number
- 24902
- Type
- Federal
- Field of Membership
- Community
- Peer Group
- $100M–$500M
- State
- Utah
- City
- SALT LAKE CITY
- Data Quarter
- 2025Q4
What This Data Says About Hercules First
Headquartered in SALT LAKE CITY, Utah, Hercules First is a federal credit union with 8,660 members, $163.4M in total assets, and $132.7M in outstanding loans on the books as of Q4 2025. Its five-factor composite puts the health score at 62/100 (Good), driven in part by a net worth ratio of 5.01% - relative to the 7.0% NCUA "well capitalized" threshold under Prompt Corrective Action rules. It carries charter #24902 and reports within peer group $100M–$500M, a cohort of 1069 similarly-sized institutions.
Loan book quality rounds out the picture. The delinquency rate of 1.12% measures loans 60+ days past due against total loans outstanding - the peer group average for $100M–$500M credit unions sits at 0.894%, so this institution is running looser than peers. The loan-to-share ratio of 99.16% indicates how aggressively member deposits are being deployed into lending, above the 80% band that can indicate tighter liquidity management. Return on assets stands at 0.32% on net income of $519K for the period; a not-for-profit cooperative typically runs a modest positive ROA, returning surplus to members through better rates and lower fees rather than to shareholders.
Year-over-year membership changed by -0.84%. Reported quarterly to the NCUA, this data reflects the 2025Q4 Call Report period. Eligibility to join runs through the field of membership (currently: Community) - see our disclaimer before opening an account or borrowing, for NCUSIF coverage details and data usage notes.
Nearby Credit Unions in Utah
More federally-insured credit unions based in Utah, ordered by peer group match and asset size.
Sources & disclaimer
Source: NCUA 5300 Call Report, Q4 2025. Source: NCUA Share Insurance Fund (NCUSIF), federal deposit insurance up to $250,000. Not affiliated with NCUA. For informational purposes only.
Frequently Asked Questions
Is Hercules First financially healthy?
Yes/no aside, the number is 62/100 (Good) - Hercules First's financial health score from the NCUA 5300 Call Report, Q4 2025. Above 80 reads excellent, below 50 warrants closer monitoring; a 5.01% net worth ratio and 1.12% delinquency rate are the key drivers.
How does Hercules First compare to other credit unions?
Five weighted metrics from NCUA filings produce Hercules First's 62/100 score on PlainCU's health composite, compared to a peer group average for $100M–$500M credit unions: net worth ratio (30%), delinquency rate (25%), return on assets (15%), member growth (15%), loan-to-share ratio (15%).
What is a credit union health score?
A credit union health score is a composite rating (0–100) that combines five financial metrics reported to the NCUA: net worth ratio (capital adequacy), delinquency rate (loan quality), return on assets (profitability), member growth, and loan-to-share ratio (liquidity balance). Scores above 80 indicate excellent financial health; 60–79 is good; 40–59 is fair; below 40 is weak.
How can I join Hercules First?
Hercules First operates under a community charter, meaning membership is generally open to anyone who lives, works, worships, or attends school within its defined geographic service area, no employer or association tie required. Contact Hercules First directly for the exact boundaries and application steps.
Is my money safe at Hercules First?
Federal credit unions like Hercules First are insured by the National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA. Each individual depositor is insured up to $250,000, the same limit as FDIC-insured banks. Hercules First's net worth ratio of 5.01% is relative to the 7% threshold NCUA considers "well capitalized."
What rates does Hercules First offer compared to banks?
Credit unions like Hercules First are not-for-profit cooperatives, which typically allows them to offer higher savings rates and lower loan rates than banks. Nationally, credit unions average 0.25–0.50% lower auto loan rates and 0.10–0.30% higher savings yields. Contact Hercules First directly for current rates, or compare overall credit union vs bank rates on our rates comparison page.
Read our methodology - how this data is sourced, computed, and verified.
Every figure on PlainCU is rendered directly from NCUA quarterly call report data, no number is typed in by an editor. Credit union figures are computed directly from NCUA quarterly call report data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.