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Overview / Commentary
800-759-9442
1001 N Pinal Ave
Casa Grande, AZ 85122

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 1,473rd largest credit union in the nation. It was established in 1962 and as of March of 2014, it had grown to 45 employees and 22,522 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 Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First American Credit Union had $891,000 in non-current loans and owned real-estate with $8.64 million in equity and loan loss allowances on hand to cover it. This gives First American Credit Union a Texas Ratio of 10.32% which is excellent. 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 3.23% as of March 31, 2013 to 10.32% as of March 31, 2014, resulting in a negative change of 219.41%. 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 $10.19 million, resulting in 11.91% 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 $105.34 million in assets with $8.64 million in equity, resulting in a capitalization level of 8.20%, which is average.

Institution Statistics

Overall
NCUA #64412
Year Chartered1962
Employees45
Primary Regulator
Assets and Liabilities
Assets$105.34 million
Loans$61.72 million
Deposits$95.76 million
Equity Capital$7.70 million
Loan Loss Allowance$934,000
Unbacked Noncurrent Loans$891,000
Real Estate Owned$0
Historic Data - March 2013
Assets$95.01 million
Equity Capital$7.23 million
Loan Loss Allowance$265,000
Unbacked Noncurrent Loans$891,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.44%
Return on Assets1.08%
Return on Equity14.75%
Interest Income$1.05 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
0.01%--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
2.03%-$10kReward Checking - Qualifyiing
0.25%$1k-Premier 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
1.10%$50k$100k3 Year IRA Certificate
0.90%$50k$100k2 Year IRA Certificate
0.66%$50k$100k18 Month IRA Certificate
0.60%$50k$100k1 Year IRA Certificate
0.46%$50k$100k6 Month IRA Certificate
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