1 star ratingAverage User Rating:
1 star rating based on 1 review.

1st Community Federal Credit Union

1st Community Federal Credit Union Locations
3505 Wildewood Drive
San Angelo, TX 76904
(325) 653-1465
www.1stcommunityfcu.org

1st Community Federal Credit Union is headquartered in San Angelo and is the 74th largest credit union in the state of Texas. It is also the 893rd largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 73 employees and 21,513 members. 1st Community Federal Credit Union's savings rates are 35% higher than the national average, and it boasts a 5-star health rating.

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High-Yield Reward Checking Account at 1st Community FCU in Texas - Local Only - 5/20/2010

1st Community Federal Credit Union is offering a high-yield reward checking account called Priority Checking. The rate for the first tier is currently above average for reward checking. However, the ...



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See Rates for: Checking | Savings | Money Market | CD | IRA

1st Community Federal Credit Union Checking Account Rates

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2.03%-$25k1st Rate Checking

1st Community Federal Credit Union Savings Account Rates

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0.70%--IRA Share Account
0.10%$25-Savings (Share)
0.10%--Other Club Accounts
0.10%--Christmas Club Account

1st Community Federal Credit Union Money Market Rates

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0.50%$25k-Mega Money Market
0.35%$2,500-Money Market

1st Community Federal Credit Union CD Rates

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0.90%$1k-3 Year Comp. Term Share Certificate
0.90%$1k-3 Year Term Share Certificate
0.70%$1k-2 Year Comp. Term Share Certificate
0.70%$1k-2 Year Term Share Certificate
0.50%$1k-1 Year Comp. Term Share Certificate
0.50%$1k-1 Year Term Share Certificate
0.30%$1k-6 Month Comp. Term Share Certificate
0.30%$1k-6 Month Term Share Certificate

1st Community Federal Credit Union IRA Rates

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1.20%$25-5 yr Roth Conversion
1.20%$25-5 yr Roth Contributory
0.90%$25-3 Year IRA
0.90%$25-3 Year Roth IRA
0.70%$25-2 Year IRA
0.70%$25-2 Year Roth IRA
0.50%$25-1 Year IRA
0.50%$25-1 Year Roth IRA

Rates updated: 5/17/2012

Data for Q4 2011


Institution Statistics


1ST COMMUNITY
NCUA #8715
BankRate ReportView
Year Chartered1953
Employees73
Primary Regulator

Assets and Liabilities

Assets$190.98 million
Loans$123.60 million
Deposits$168.43 million
Equity Capital$17.26 million
Loan Loss Allowance$1.71 million
Unbacked Noncurrent Loans$1.15 million

Historic Data - December 2010

Assets$168.83 million
Equity Capital$15.30 million
Loan Loss Allowance$1.89 million
Unbacked Noncurrent Loans$257,000
Real Estate Owned$1.82 million

Profit Margin - Quarterly

Net Interest Margin5.75%
Return on Assets1.12%
Return on Equity12.35%
Interest Income$9.09 million
Non-Interest Income$2.55 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 1st Community Federal Credit Union had $1.15 million in non-current loans and owned real-estate with $18.96 million in equity and loan loss allowances on hand to cover it. This gives 1st Community Federal Credit Union a Texas Ratio of 6.07% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for 1st Community Federal Credit Union decreased significantly from 12.08% as of December 31, 2010 to 6.07% as of December 31, 2011, resulting in a positive change of 49.72%.This indicates that the balance sheet and financial strength for 1st Community Federal Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, 1st Community Federal Credit Union has increased its total deposits by $15.71 million, resulting in 10.29% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Community Federal Credit Union has shown is excellent.
Capitalization3
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Community Federal Credit Union has $190.98 million in assets with $18.96 million in equity, resulting in a capitalization level of 9.93%, which is average.
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Beware Of Hidden Charges To Your Account.
1 stars - txgal78 - Wednesday, November 16, 2011 - 11:00 PM

Keep this in mind when opening an account from First Community Credit Union in Texas. When making a debit from your account NOT all charges will be visible to you! So THEY will know what is being debited but you WILL not. ANd they have a HEFTY fee upwards in the amount of $28. So, they will hit you with the fees then ten days later show the charges/debits against your account. Just a warning - I learned this the hard way. To the tune of $56. Of course they told me they are working on getting all charges - debit or credit card & checks to become visible on your account quicker. I am researching my options elsewhere. I thought going to a smaller credit union would be a better choice for my family - I was proven wrong.

 

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