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325-653-1465
3505 Wildewood Dr
San Angelo, TX 76904

1st Community Federal Credit Union is headquartered in SAN ANGELO and is the 77th largest credit union in the state of Texas. It is also the 897th largest credit union in the nation. It was established in 1953 and as of December of 2013, it had grown to 83 employees and 21,667 members. 1st Community Federal Credit Union has a A health rating.

Field of Membership Restrictions

All persons who live, work, worship, or attend school in, Tom Green, Schleicher, Runnels, Pecos, Brewster, Coke, Concho, Crockett, Irion, Kimble, Mason, McCulloch, Menard, Reagan, Sterling, and Sutton counties of Texas and members of their immediate families are eligible for membership in 1st Community Federal Credit Union. Businesses, organizations, and other legal entities located in these same counties are also eligible for membership. - See Details

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Reviews (2)

Beware Of Hidden Charges To Your Account.

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.

 

THEY HAVE BEEN GREAT!

I have been using 1st community for at least 15 years, and they are perfect! Mary Ellen Spotsa has always taken great care of me. I have opened and closed at least 6 loans over the years, and never once stepped foot in the bank. It has always been over the phone and mail. They provided very good, polite customer service.

S.M



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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, 2013 1st Community Federal Credit Union had $504,000 in non-current loans and owned real-estate with $20.6 million in equity and loan loss allowances on hand to cover it. This gives 1st Community Federal Credit Union a Texas Ratio of 2.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for 1st Community Federal Credit Union decreased dramatically from 6.32% as of December 31, 2012 to 2.45% as of December 31, 2013, resulting in a positive change of 61.28%.This indicates that the balance sheet and financial strength for 1st Community Federal Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, 1st Community Federal Credit Union has increased its total deposits by $6.64 million, resulting in 3.71% 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.

Capitalization

GRADE:
B

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 $206.29 million in assets with $20.6 million in equity, resulting in a capitalization level of 9.99%, which is above average.

Institution Statistics

Overall
NCUA #8715
Year Chartered1953
Employees83
Primary Regulator
Assets and Liabilities
Assets$206.29 million
Loans$139.93 million
Deposits$185.80 million
Equity Capital$19.45 million
Loan Loss Allowance$1.15 million
Unbacked Noncurrent Loans$504,000
Real Estate Owned$0
Historic Data - December 2012
Assets$202.94 million
Equity Capital$18.81 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$504,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.52%
Return on Assets0.43%
Return on Equity4.56%
Interest Income$7.44 million
Rates
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1st Community Federal Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.40%--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

DetailsAPYMINMAXPRODUCT
0.40%$25k-Mega Money Market
0.30%$2,500-Money Market

1st Community Federal Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.75%$1k-3 Year Comp. Term Share Certificate
0.75%$1k-3 Year Term Share Certificate
0.60%$1k-2 Year Comp. Term Share Certificate
0.60%$1k-2 Year Term Share Certificate
0.40%$1k-1 Year Comp. Term Share Certificate
0.40%$1k-1 Year Term Share Certificate
0.25%$1k-6 Month Comp. Term Share Certificate
0.25%$1k-6 Month Term Share Certificate

1st Community Federal Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$25-5 Year Roth Conversion
1.20%$25-5 Year Roth Contributory
0.75%$25-3 Year IRA (Traditional,Roth)
0.60%$25-2 Year IRA (Traditional,Roth)
0.40%$25-1 Year IRA
0.40%$25-1 Year Roth IRA
Locations


1st Community Federal Credit Union Locations
Branch Office620 W 29th StSan Angelo, TX 76903
Branch Office121 N 8th StBallinger, TX 76821
Branch Office800 W Dickinson BlvdFort Stockton, TX 79735
Branch Office3505 Wildewood DrSan Angelo, TX 76904
Branch Office3505 Wildewood Dr Branch Location:107 South Divide, Eldorado, TX 76936San Angelo, TX 76904
Branch Office3505 Wildewood Dr Location: 205 Scherz, Bldg 818, Goodfellow AFB, TX 76908San Angelo, TX 76904