Become a member
Twenty five dollars makes you an owner.
Not a customer, an owner. Membership costs a $25.00 share deposit, which represents your share in the credit union. There is no online application. You complete a paper Membership Application at our office, or call and we will mail you one.
- $25.00 share deposit
- Paper application
- One office, downtown Salt Lake City
Eligibility
Four ways to qualify.
Meet any one of these and you are in. You do not need to meet all four.
You live, work, worship, volunteer, or attend school here
Membership is open to people who live, work, worship, volunteer, or attend school in Salt Lake City, Utah.
You have been with us since 2017
Members of record as of September 26, 2017 are eligible, along with employees of this credit union and spouses of persons who died while within the field of membership.
Someone in your family is a member
Immediate family and household members can join. Immediate family means spouse, child, sibling, parent, grandparent, or grandchild, including stepparents, stepchildren, stepsiblings, and adoptive relationships.
Your business is located here
Businesses and other legal entities located in Salt Lake City, Utah are eligible, and so are organizations of eligible persons.
Once a member, always a member. If you move away, take a job in another state, or retire somewhere else, your membership stays. You keep the accounts and the loan you already have with us.
The difference
A bank has customers. We have owners.
The structure is not a marketing angle. It changes where the money goes.
| A typical bank | Ridgeline | |
|---|---|---|
| Who owns it | Outside shareholders | The members, including you |
| Where profits go | Dividends to shareholders | Back as better rates and lower fees |
| Who votes | Shareholders, by shares held | Members, one vote each |
| Who sets direction | A paid board | A volunteer board elected by members |
| Who decides on your loan | Often a scoring model out of state | A lender in Salt Lake City |
| Deposit insurance | FDIC, to $250,000 | NCUA, to $250,000 |
Scroll sideways to see every column on a small screen.
Both are federally insured to the same limit. The difference is who the institution answers to.
Day one
What the $25.00 gets you.
Your share deposit opens the door to everything below. Ask us about any of it at the office or on the phone.
Free Checking
An Ridgeline Credit Union FREE Checking Account, with a Visa Debit card and online bill payer.
Savings that pay dividends
Regular Savings holds your share and pays dividends on balances of $100 or more. Kids Savings, Super Saver, Christmas Club, Escrow, IRA, and Health Savings are all here too.
Visa Platinum and Visa Debit
A Visa Platinum credit card with no balance transfer fee and a 25 day grace period, plus a debit card for everyday spending.
Over 30,000 surcharge-free ATMs
Through the CO-OP network, plus our own ATM outside the office, available 24 hours. CO-OP shared branching lets you bank at other credit unions when you travel.
Online banking and the app
Mobicint online and mobile banking, web statements, online bill payer, and Card Suite Lite to freeze a card or set spending limits.
People who know your name
One office downtown, a small staff you can reach by extension, and loan decisions made here in Salt Lake City.
Joining
Four steps, one paper application.
Come to the office at 564 East 300 South, or call and we will mail the application to you.
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Confirm you qualify
Live, work, worship, volunteer, or attend school in Salt Lake City, or join through a family or household member.
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Get the Membership Application
Complete one at our office, or call (801) 328-1521 and we will mail you one. There is no online application.
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Bring your ID and your $25.00
The $25.00 share deposit represents your share in the credit union and stays yours for as long as you are a member.
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Open the rest of what you need
Free Checking, a debit card, a loan application. Talk it through with the person sitting across from you.
What to have handy
- A government photo ID
- Your Social Security number and date of birth
- $25.00 for your share deposit
- The address, employer, school, or family member that makes you eligible
Switching from another bank? Leave the old account open for one pay cycle so nothing bounces mid-move. Bring a list of what drafts from it and we will help you get each one pointed here.
“I have been with this credit union since 2008 when I was referred by a friend to establish an account and work on getting a car loan and I never left.”
Christina F. · member since 2008 · Google review
Ownership
What being an owner actually means.
Not a slogan. Three things you can go do.
You get a vote
One member, one vote, whether you keep $25 here or $500,000. Members elect the volunteer board of directors that sets the credit union’s direction.
You are invited to the annual meeting
Members are invited to the annual meeting to hear how the year went, review the financials, and ask questions.
The earnings come back
Ridgeline is not-for-profit. What we earn comes back to members as dividends on savings and rates on loans, not as profit for outside shareholders.
Questions
About joining.
What is the $25.00 actually for?
It is your share deposit. It represents your share in Ridgeline Credit Union, which is what makes you an owner instead of a customer, and it entitles you to the financial services we offer.
Can I join online?
No. There is no online application. You complete a paper Membership Application at our office at 564 East 300 South, or call (801) 328-1521 and we will mail one to you.
Who counts as immediate family?
Spouse, child, sibling, parent, grandparent, or grandchild. That includes stepparents, stepchildren, stepsiblings, and adoptive relationships. Household members are eligible as well.
I was a member before the name change. Am I still eligible?
Yes. Ridgeline Credit Union was formerly Utah Federal Credit Union, and members of record as of September 26, 2017 remain within the field of membership.
Can I open an account for my kids?
Yes. Kids Savings is for members under 18 and opens with a $5 share minimum.
Can my business join?
Businesses and other legal entities located in Salt Lake City, Utah are eligible to join. Call ahead at (801) 328-1521 so we can tell you which documents to bring.
Membership disclosures
Eligibility. Membership to Ridgeline Credit Union is available to persons who live, work, worship, volunteer, or attend school in, and businesses and other legal entities located in, Salt Lake City, Utah, including members of record as of September 26, 2017. Also eligible to join are spouses of persons who died while within the field of membership of this credit union, employees of this credit union, members of their immediate families or household, and organizations of such persons. Immediate family is defined as spouse, child, sibling, parent, grandparent, or grandchild, including stepparents, stepchildren, stepsiblings, and adoptive relationships. You must complete a Membership Application, which you can complete at our office or request by calling (801) 328-1521. A $25.00 share deposit is required. This represents your share in Ridgeline Credit Union and entitles you to take advantage of the many financial services we offer.
Rates shown elsewhere on this site carry their own effective dates, are subject to change, and may change at any time after account opening. Fees may reduce earnings. Loan and credit card products are subject to separate credit approval and are made on approved credit only.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Ridgeline Credit Union is an Equal Housing Lender. We do business in accordance with the Fair Housing Act and the Equal Credit Opportunity Act.