Wasatch Peaks Credit Union: Membership, Accounts & Loans

Wasatch Peaks Credit Union Overview

Wasatch Peaks Credit Union, founded in 1930 as Ogden Government Employees Credit Union, has grown significantly through a series of strategic mergers. Today, it serves 34,000+ members, primarily in Weber, Davis, and Morgan counties. With 6 branches, Wasatch Peaks offers a wide range of financial products—from savings and checking accounts to auto loans and mortgages. In 2011, after multiple mergers, the credit union adopted its current name: Wasatch Peaks Credit Union. This review summarizes its background, products and services, and key details to consider if you’re thinking about joining.

Expansion

Wasatch Peaks Credit Union’s growth has been shaped by strategic mergers since its earliest days. This timeline highlights key moments in the credit union’s history, reflecting its expansion over the decades:

• 1930: Founded as Ogden Government Employees Credit Union by employees of the U.S. Postal Mail Terminal and the U.S. Forest Service.
• 1956: Weber Education Association Credit Union is established, later renamed Weber Credit Union.
• 1989: SummitOne Federal Credit Union forms after the merger of McKay-Dee Credit Union with Ogden Clinic Credit Union and Browning Employees Credit Union.
• 1995: Ogden Government Employees Credit Union is renamed Alliance Credit Union.
• 1998: Rocky Mountain Credit Union (formerly Ogden City Municipal Employees Credit Union) merges with Alliance Credit Union.
• 2006: McKay-Dee Credit Union changes its name to SummitOne Federal Credit Union.
• 2011: Alliance Federal Credit Union and Weber Credit Union merge to form Wasatch Peaks Credit Union on July 1.
• 2013: SummitOne Federal Credit Union merges with Wasatch Peaks Credit Union on July 1.

Today, Wasatch Peaks serves 34,000+ members and has $500+ million in assets.

Products and Services

Wasatch Peaks Credit Union offers a range of everyday banking and lending options for individuals and businesses, including checking and savings accounts, certificates, credit cards, personal loans, vehicle loans, and multiple home financing options such as mortgages, refinancing, HELOCs, construction loans, and land/lot loans, along with online and mobile banking and in-branch support across its locations.

Wasatch Peaks Checking Accounts

wasatchpeaks.com | Checking Accounts

Free Checking

A simple everyday checking option designed for basic spending and bill pay.

Peaks Perks Cash Back Checking

A rewards-focused checking option that includes debit card cash-back features.

Peaks Perks High Dividend Checking

A checking option designed for members who want to earn dividends on their balance.

Z-Checking (Ages 12–17)

A youth checking option built for teens who want everyday account access while learning money management.

Wasatch Peaks Savings Accounts

Wasatch Peaks Credit Union offers several savings options to help members build their balance for everyday needs, specific goals, and longer-term plans. These savings accounts are NCUA-insured, meaning eligible deposits are federally insured up to $250,000 per depositor (per ownership category).

Savings

The primary savings account used to establish membership and hold your everyday savings. 

Kids Savings (MONEY MOO$E™ Kids Club)

A savings account designed for kids (up to age 12) to help families teach saving habits early. 

Health Savings (HSA)

A Health Savings Account for setting aside money for qualified medical expenses (when eligible). 

Budgeter Accounts

Sub-savings accounts that let you separate money into different goals within online banking. 

Christmas Account

A seasonal savings option designed to help members set aside money for holiday or year-end expenses. 

Money Market

A liquid savings option with tiered rates that’s designed for higher balances while keeping access to funds. 

Certificates

Term savings options designed for members who want a fixed savings timeline (often positioned for earning more than standard savings). 

IRAs

Retirement-focused accounts (including Traditional and Roth IRA options) for longer-term saving goals. 

Credit Cards

Wasatch Peaks Credit Union offers several credit card options designed for different needs, from everyday rewards to credit building. In general, these cards are built for practical use with fraud monitoring and account security, online and mobile account access, and the ability to use your card anywhere VISA® is accepted, plus standard card-management tools like alerts and controls through digital banking.

wasatchpeaks.com | Credit Cards

Summit Rewards Visa®

A rewards credit card that lets you earn points on everyday purchases and redeem them for a variety of rewards. 

Visa® 1.5% Cash Back

A cash-back credit card that earns 1.5% cash back, positioned as their highest cash-back rate option. 

Visa® 1% Cash Back

A cash-back credit card option designed for everyday spending with a lower cash-back rate than the 1.5% card. 

Visa® No Cash Back

A low-rate credit card option focused on keeping interest costs lower rather than earning rewards.

Wasatch Peaks Loans

Personal Loans

Personal loans at Wasatch Peaks Credit Union—known as Signature Loans—are designed for short-term needs such as unexpected expenses, vacations, or technology upgrades. Members can typically borrow $1,000 to $10,000 with terms ranging from 12 to 48 months. These loans are unsecured (no collateral required) and can be requested online.

Secured Personal Loan

This loan is backed by collateral, such as a savings account (Share Secured Loan) or a certificate (Certificate Secured Loan), which can help members qualify for a lower fixed interest rate. Available terms are typically 12 to 60 months. It can be a good fit for members looking for better terms, since collateral reduces risk for the lender.

Vehicle Loans

Wasatch Peaks Credit Union offers a variety of vehicle loans with competitive rates for different needs. Common options include:

• Auto Loans: Finance a new or used vehicle with flexible terms.
• RV Loans: Finance an RV for travel and getaways.
• ATV Loans: Finance an ATV for outdoor adventures with convenient terms.

Mortgages

Conventional Mortgages

Traditional home loans with flexible term options, designed for buying a primary home and working within a predictable monthly payment. 

FHA Loans

A government-insured mortgage option often positioned for buyers who want a lower down payment and more flexible qualifying guidelines. 

VA Loans

A mortgage option for eligible veterans and service members, commonly promoted as a low-down-payment path to homeownership. 

USDA Loans

A mortgage option for eligible rural and certain suburban areas, commonly associated with $0 down financing for qualified borrowers. 

Jumbo Loans

A mortgage option for loan amounts above standard conforming limits, designed for higher-priced homes and borrowers who qualify. 

Home Equity Line of Credit

A revolving line of credit that lets homeowners borrow against available home equity for larger expenses or ongoing projects. 

Home Equity Loans

A lump-sum loan option that lets homeowners borrow against home equity with a more traditional installment-style structure. 

Land and Lot Loans

Financing designed for members who want to purchase land or a lot for future use or building plans. 

Who Can Join Wasatch Peaks Credit Union?

wasatchpeaks.com | Membership

Wasatch Peaks Credit Union membership is available to people who meet at least one of several eligibility paths—mainly based on where you live/work/study/worship/do business, a family connection to an existing member, or an affiliated organization option. 

Geographic Eligibility

You may qualify if you live, work, worship, attend school, or regularly conduct business in Weber, Davis, or Morgan counties. 

Select Underserved Communities

You may also qualify through a select underserved community located in Box Elder, Salt Lake, Summit, Utah, Tooele, and Juab counties (based on where you live/work/worship/school/do business). 

Family Members of Current Members

Immediate family members of an existing member can qualify, including parents, children, siblings, spouse (or surviving spouse), grandparents, and grandchildren, including step and adoptive relationships. 

TFNU Affiliation Option

Membership may be available through Trails Foundation of Northern Utah (TFNU), and Wasatch Peaks notes they can enroll you at no additional cost if needed. 

Other Eligibility Paths

If none of the options above fit, their team notes a member service representative can help identify the best eligibility option.

Conclusion

Wasatch Peaks Credit Union traces its roots back to 1930, when it was founded as Ogden Government Employees Credit Union. Over time, it expanded through multiple mergers that helped shape the institution it is today. A major milestone came in 2011, when the credit union adopted the Wasatch Peaks Credit Union name and continued growing in the years that followed.

Today, Wasatch Peaks offers a broad mix of financial products and services. Members can choose from checking and savings accounts, certificates, and credit cards, along with lending options such as personal loans, vehicle loans, and a variety of home loan and refinance solutions.

Membership is designed to be accessible for many Utah residents. You may qualify through eligibility in Weber, Davis, and Morgan counties, through select underserved communities in other counties, or as an immediate family member of an existing member. Additional eligibility paths may also be available through affiliated options.