First American Credit Union
First American Credit Union is headquartered in Casa Grande and is the 23rd largest credit union in the state of Arizona. It is also the 1,474th largest credit union in the nation. It was established in 1962 and as of December of 2013, it had grown to 42 employees and 22,380 members. First American Credit Union has a B health rating.
Field of Membership Restrictions
All it takes to join First American Credit Union is an opening deposit of just $5. You can join at any branch. - See Details
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Data for Q4 2013
Institution Health
Texas Ratio
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 First American Credit Union had $1.5 million in non-current loans and owned real-estate with $8.46 million in equity and loan loss allowances on hand to cover it. This gives First American Credit Union a Texas Ratio of 17.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First American Credit Union increased slightly from 3.47% as of December 31, 2012 to 17.73% as of December 31, 2013, resulting in a negative change of 411.50%. This indicates that the balance sheet and financial strength for First American Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, First American Credit Union has increased its total deposits by $9.04 million, resulting in 10.81% 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 First American Credit Union has shown is excellent.
Capitalization
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. First American Credit Union has $101.31 million in assets with $8.46 million in equity, resulting in a capitalization level of 8.35%, which is average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 64412 |
| Year Chartered | 1962 |
| Employees | 42 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $101.31 million |
| Loans | $63.63 million |
| Deposits | $92.67 million |
| Equity Capital | $7.43 million |
| Loan Loss Allowance | $1.03 million |
| Unbacked Noncurrent Loans | $1.50 million |
| Real Estate Owned | $0 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $91.80 million |
| Equity Capital | $7.06 million |
| Loan Loss Allowance | $240,000 |
| Unbacked Noncurrent Loans | $1.50 million |
| Real Estate Owned | $0 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 4.59% |
| Return on Assets | 0.36% |
| Return on Equity | 4.96% |
| Interest Income | $3.70 million |
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First American Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.50% | $100 | - | IRA Savings Account | |
| 0.50% | $100 | - | Roth IRA Savings Account | |
| 0.20% | $10k | - | Regular Savings Account | |
| 0.15% | $250 | - | All-Savers Account |
First American Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.35% | $100k | - | Market Share Savings Account |
First American Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.10% | $1k | - | Checking Account |
First American Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $50k | $100k | 5 Year Share Certificate | |
| 1.10% | $50k | $100k | 3 Year Share Certificate | |
| 0.90% | $50k | $100k | 2 Year Share Certificate | |
| 0.66% | $50k | $100k | 18 Month Share Certificate | |
| 0.60% | $50k | $100k | 1 Year Share Certificate | |
| 0.46% | $50k | $100k | 6 Month Share Certificate |
First American Credit Union IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.60% | $50k | $100k | 5 Year IRA Certificate (Traditional,Roth) | |
| 1.10% | $50k | $100k | 3 Year IRA Certificate (Traditional,Roth) | |
| 0.90% | $50k | $100k | 2 Year IRA Certificate (Traditional,Roth) | |
| 0.66% | $50k | $100k | 18 Month IRA Certificate (Traditional,Roth) | |
| 0.60% | $50k | $100k | 1 Year IRA Certificate (Traditional,Roth) | |
| 0.46% | $50k | $100k | 6 Month IRA Certificate (Traditional,Roth) |
| First American Credit Union Locations | ||
|---|---|---|
| Branch Office | Hwy 264 Rt 12 | Window Rock, AZ 86515 |
| Branch Office | 1375 US Highway 491 Mesa View Plaza | Gallup, NM 87301 |
| Branch Office | 1001 N Pinal Ave | Casa Grande, AZ 85122 |