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800-759-9442
P.O. Box 10099
Casa Grande, AZ 85130

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's savings rates are 44% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must live and work in the Casa Grande, Window Rock, and Gallup regions of Southwest Arizona and New Mexico. - See Details

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Health

Data for Q4 2013

Institution Health

B

Texas Ratio

GRADE:
B

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

GRADE:
C-

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

GRADE:
A+

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

GRADE:
C

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 Chartered1962
Employees42
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 Margin4.59%
Return on Assets0.36%
Return on Equity4.96%
Interest Income$3.70 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First American Credit Union, we are a rate comparison website and can not provide official rates or promotions.

First American Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.75%-$10kREAL Saver - Qualifying
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
0.01%--REAL Saver - Non Qualifying

First American Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-Market Share Savings Account

First American Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$10kReward Checking - Qualifyiing
0.10%$1k-Checking Account
0.01%--Reward Checking - Non Qualifyiing

First American Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$50k$100k5 Year Share Certificate
1.10%$50k$100k3 Year Share Certificate
0.90%$50k$100k2 Year Share Certificate
0.66%$50k$100k18 Month Share Certificate
0.60%$50k$100k1 Year Share Certificate
0.46%$50k$100k6 Month Share Certificate

First American Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$50k$100k5 Year IRA Certificate (Traditional,Roth)
1.10%$50k$100k3 Year IRA Certificate (Traditional,Roth)
0.90%$50k$100k2 Year IRA Certificate (Traditional,Roth)
0.66%$50k$100k18 Month IRA Certificate (Traditional,Roth)
0.60%$50k$100k1 Year IRA Certificate (Traditional,Roth)
0.46%$50k$100k6 Month IRA Certificate (Traditional,Roth)
Locations


First American Credit Union Locations
Branch OfficeHwy 264 Rt 12Window Rock, AZ 86515
Branch Office1375 US Highway 491 Mesa View PlazaGallup, NM 87301
Branch Office1001 N Pinal AveCasa Grande, AZ 85122