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Overview / Commentary
717 W Temple St
Los Angeles, CA 90012

First City Credit Union is headquartered in Los Angeles and is the 70th largest credit union in the state of California. It is also the 431st largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 113 employees and 55,078 members. First City Credit Union has a A+ health rating.

Field of Membership Restrictions

Must live, work or worship in several community throughout Los Angeles or San Bernardino County. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


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 City Credit Union had $537,000 in non-current loans and owned real-estate with $61.38 million in equity and loan loss allowances on hand to cover it. This gives First City Credit Union a Texas Ratio of 0.87% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for First City Credit Union decreased slightly from 1.06% as of March 31, 2013 to 0.87% as of March 31, 2014, resulting in a positive change of 17.72%.This indicates that the balance sheet and financial strength for First City Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, First City Credit Union has increased its total deposits by $14.05 million, resulting in 3.16% 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 City Credit Union has shown is excellent.



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 City Credit Union has $520.67 million in assets with $61.38 million in equity, resulting in a capitalization level of 11.79%, which is excellent.

Institution Statistics

NCUA #68503
Year Chartered1937
Primary Regulator
Assets and Liabilities
Assets$520.67 million
Loans$220.60 million
Deposits$458.23 million
Equity Capital$59.54 million
Loan Loss Allowance$1.84 million
Unbacked Noncurrent Loans$537,000
Real Estate Owned$0
Historic Data - March 2013
Assets$508.77 million
Equity Capital$60.93 million
Loan Loss Allowance$2.28 million
Unbacked Noncurrent Loans$537,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.32%
Return on Equity2.81%
Interest Income$3.34 million

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First City Credit Union Savings Account Rates

0.05%$100-Regular Share Savings
0.05%$100-Holiday Saver Club
0.05%--FirstStart Savings
0.05%$100-Vacation Club

First City Credit Union Money Market Rates

0.20%$50k-Money Market
0.20%$50k-Money Market IRA

First City Credit Union Checking Account Rates

0.03%$1k-Interest Checking

First City Credit Union CD Rates

1.09%$50k-5 Year Term Certificate
0.95%$50k-4 Year Term Certificate
0.80%$50k-3 Year Term Certificate
0.60%$50k-2 Year Term Certificate
0.45%$50k-18 Month Term Certificate
0.40%$50k-1 Year Term Certificate
0.30%$50k-6 Month Term Certificate
0.20%$50-9 Month Wealth Builder Certificate Special
0.20%$500-9 Month Regular Wealth Builder Certificate Special
0.15%$50k-3 Month Term Certificate

First City Credit Union IRA Rates

1.09%$50k-5 Year IRA Certificate
0.95%$50k-4 Year IRA Certificate
0.80%$50k-3 Year IRA Certificate
0.60%$50k-2 Year IRA Certificate
0.45%$50k-18 Month IRA Certificate
0.40%$50k-1 Year IRA Certificate
0.30%$50k-6 Month IRA Certificate
0.15%$50k-3 Month IRA Certificate

First City Credit Union Locations
Branch Office1200 N State St Rm 1649Los Angeles, CA 90033-1029
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Branch Office717 W Temple StLos Angeles, CA 90012
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