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.
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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.
The Texas Ratio for First Central Credit Union held steady 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 held steady in recent periods.
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.
|Assets and Liabilities|
|Equity Capital||$7.05 million|
|Loan Loss Allowance||$612,000|
|Unbacked Noncurrent Loans||$868,000|
|Real Estate Owned||$60,000|
|Historic Data - December 2012|
|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 Margin||7.17%|
|Return on Assets||1.42%|
|Return on Equity||11.62%|
|Interest Income||$2.86 million|
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|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|
|0.45%||$100k||-||Money Market Account|
|0.20%||$15k||-||Prestige Draft Accounts|
|0.10%||-||-||Supersaver Share Draft Account|
|0.10%||-||-||Student Share Draft Account|
|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|
|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 Office||305 Coke Ave||Hillsboro, TX 76645|
|Branch Office||2101 Fisk Ave||Brownwood, TX 76801|
|Branch Office||6201 Sanger Ave||Waco, TX 76710|
|Branch Office||9101 Chapel Rd||Waco, TX 76712|