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Overview / Commentary
800-934-2489
P.O. Box 86008
Los Angeles, CA 90086

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 436th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 112 employees and 55,168 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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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

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 City Credit Union had $476,000 in non-current loans and owned real-estate with $60.7 million in equity and loan loss allowances on hand to cover it. This gives First City Credit Union a Texas Ratio of 0.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for First City Credit Union decreased dramatically from 1.24% as of December 31, 2012 to 0.78% as of December 31, 2013, resulting in a positive change of 36.89%.This indicates that the balance sheet and financial strength for First City Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
A

In the past year, First City Credit Union has increased its total deposits by $15.33 million, resulting in 3.62% 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.

Capitalization

GRADE:
A+

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 $499.99 million in assets with $60.7 million in equity, resulting in a capitalization level of 12.14%, which is excellent.

Institution Statistics

Overall
NCUA #68503
Year Chartered1937
Employees112
Primary Regulator
Assets and Liabilities
Assets$499.99 million
Loans$215.53 million
Deposits$439.01 million
Equity Capital$58.73 million
Loan Loss Allowance$1.97 million
Unbacked Noncurrent Loans$476,000
Real Estate Owned$0
Historic Data - December 2012
Assets$486.86 million
Equity Capital$60.17 million
Loan Loss Allowance$2.60 million
Unbacked Noncurrent Loans$476,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.94%
Return on Assets0.51%
Return on Equity4.32%
Interest Income$13.42 million
Rates

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

First City Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
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

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

First City Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.03%$1k-Interest Checking

First City Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$50k-5 Year Term Certificate
0.90%$50k-4 Year Term Certificate
0.80%$50k-3 Year Term Certificate
0.60%$50k-2 Year Term Certificate
0.40%$50k-18 Month Term Certificate
0.35%$50k-1 Year Term Certificate
0.25%$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

DetailsAPYMINMAXPRODUCT
1.00%$50k-5 Year IRA Certificate
0.90%$50k-4 Year IRA Certificate
0.80%$50k-3 Year IRA Certificate
0.60%$50k-2 Year IRA Certificate
0.40%$50k-18 Month IRA Certificate
0.35%$50k-1 Year IRA Certificate
0.25%$50k-6 Month IRA Certificate
0.15%$50k-3 Month IRA Certificate
Locations


First City Credit Union Locations
Branch Office1200 N State St Rm 1649Los Angeles, CA 90033-1029
Branch Office39450 10th St WPalmdale, CA 93551-3749
Branch Office1104 W Avenue KLancaster, CA 93534
Branch Office250 W 1st St Ste 150Claremont, CA 91711-4770
Branch Office717 W Temple StLos Angeles, CA 90012
Branch Office404 E Huntington DrMonrovia, CA 91016-3633
Branch Office1 W California BlvdPasadena, CA 91105-3029
Branch Office471 N Azusa AveWest Covina, CA 91791
Branch Office717 W Temple StLos Angeles, CA 90012
Branch Office5252 Lakewood BLvdLakewood, CA 90712