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P.O. Box 21809
Waco, TX 76702

First Central Credit Union is headquartered in WACO and is the 165th largest credit union in the state of Texas. It is also the 2,106th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 33 employees and 11,411 members. First Central Credit Union has a B health rating.

Field of Membership Restrictions

Must live or work in McLennan, Hill or Brown County. - See Details

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Data for Q4 2013

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First Central Credit Union has a relatively low asset base.

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 Central Credit Union had $928,000 in non-current loans and owned real-estate with $7.66 million in equity and loan loss allowances on hand to cover it. This gives First Central Credit Union a Texas Ratio of 12.11% 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 Central Credit Union experienced no significant changes from 10.98% as of December 31, 2012 to 12.11% as of December 31, 2013, resulting in a negative change of 10.32%. This indicates that the balance sheet and financial strength for First Central Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, First Central Credit Union has decreased its total deposits by -$1.16 million, resulting in -2.27% 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 Central Credit Union has shown is average.



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 Central Credit Union has $57.88 million in assets with $7.66 million in equity, resulting in a capitalization level of 13.24%, which is excellent.

Institution Statistics

NCUA #67644
Year Chartered1937
Primary Regulator
Assets and Liabilities
Assets$57.88 million
Loans$35.39 million
Deposits$50.06 million
Equity Capital$7.05 million
Loan Loss Allowance$612,000
Unbacked Noncurrent Loans$868,000
Real Estate Owned$60,000
Historic Data - December 2012
Assets$58.20 million
Equity Capital$6.23 million
Loan Loss Allowance$529,000
Unbacked Noncurrent Loans$868,000
Real Estate Owned$51,000
Profit Margin - Quarterly
Net Interest Margin7.17%
Return on Assets1.42%
Return on Equity11.62%
Interest Income$2.86 million

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First Central Credit Union Savings Account Rates

0.45%--Regular IRA Savings Account
0.45%--Roth IRA Savings Account
0.45%--Educational IRA Savings Account
0.20%$100-Regular Share Account
0.20%$100-Special Savings Account
0.20%$100-Christmas Club Account
0.20%--Life Savings Account

First Central Credit Union Money Market Rates

0.45%$100k-Money Market Account

First Central Credit Union Checking Account Rates

0.20%$15k-Prestige Draft Accounts
0.10%--Supersaver Share Draft Account
0.10%--Student Share Draft Account

First Central Credit Union CD Rates

1.40%$1k-4 Year Share Certificate
1.15%$1k-3 Year Share Certificate
0.75%$1k-2 Year Share Certificate
0.55%$1k-1 Year Share Certificate
0.35%$1k-6 Month Share Certificate

First Central Credit Union IRA Rates

1.40%$1k-4 Year IRA Share Certificate (Traditional,Roth,CESA)
1.15%$1k-3 Year IRA Share Certificate (Traditional,Roth,CESA)
0.75%$1k-2 Year IRA Share Certificate (Traditional,Roth,CESA)
0.55%$1k-1 Year IRA Share Certificate (Traditional,Roth,CESA)
0.35%$1k-6 Month IRA Share Certificate (Traditional,Roth,CESA)

First Central Credit Union Locations
Branch Office305 Coke AveHillsboro, TX 76645
Branch Office2101 Fisk AveBrownwood, TX 76801
Branch Office6201 Sanger AveWaco, TX 76710
Branch Office9101 Chapel RdWaco, TX 76712