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Overview / Commentary
281-856-5300
15260 FM 529 Rd
Houston, TX 77095-3252

First Community Credit Union (TX) is headquartered in Houston and is the 16st largest credit union in the state of Texas. It is also the 211st largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 280 employees and 105,008 members. First Community Credit Union (TX)'s savings rates are 10X the national average, and it has a A health rating.

Field of Membership Restrictions

FCCU membership is available to individuals who: • Live or work in Harris or Fort Bend County. • Have a family member who lives or works in one of these communities. • Have a family member who is already a member of the Credit Union. • Works for a Select Employee Group • Persons the age of 50 and over who reside in Harris County or Fort Bend County. - See Details

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Reviews (2)

Questionable Ties

If you have any accounts in this Houston area credit union, please beware. I have received information from an employee who has found out this institution has at least indirect ties to far-right wing groups-quite possibly the KKK. I cannot emphasize enough the fact that the individual provided NO proof, or mention any names, but has guaranteed there is reason to believe that at least one employee belongs to a radical organization and was hired despite the fact the credit union had full knowledge of this person's affiliations. Please, please, please beware. Where there's smoke, there's fire.

Bait And Switch

I joined this credit union to get a low interst rate they advertised for a new car loan, so I opened an account with $50.00. Applied for the loan and they come back with a much higher rate than stated on the site. When I questioned about the rate I was told I had to sign up for auto bill pay and one of two other options to get the lower rate. I was also informed that this is stated on their website (it is buried 3 pages deep but not on the main page where they BOAST their low rate). I ended up financing the car through the dealer at a lower rate than they FCCU would provide. I then requested to close the account I had opened and was informed I had to pay a $20.00 FEE for not keeping the money in their bank for more than 12 months. REALLY!!! Stay away from these scam artist.



Health

Data for Q1 2014

Institution Health

A

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 Community Credit Union (TX) had $1.76 million in non-current loans and owned real-estate with $83.46 million in equity and loan loss allowances on hand to cover it. This gives First Community Credit Union (TX) a Texas Ratio of 2.11% 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 Community Credit Union (TX) experienced no significant changes from 1.87% as of March 31, 2013 to 2.11% as of March 31, 2014, resulting in a negative change of 12.57%. This indicates that the balance sheet and financial strength for First Community Credit Union (TX) has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Community Credit Union (TX) has increased its total deposits by $75.27 million, resulting in 8.8% 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 Community Credit Union (TX) 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 Community Credit Union (TX) has $1.03 billion in assets with $83.46 million in equity, resulting in a capitalization level of 8.13%, which is average.

Institution Statistics

Overall
NCUA #66818
Year Chartered1954
Employees280
Primary Regulator
Assets and Liabilities
Assets$1.03 billion
Loans$713.65 million
Deposits$930.71 million
Equity Capital$80.71 million
Loan Loss Allowance$2.76 million
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$0
Historic Data - March 2013
Assets$944.61 million
Equity Capital$75.64 million
Loan Loss Allowance$2.54 million
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.03%
Return on Assets0.67%
Return on Equity8.56%
Interest Income$8.57 million
Rates

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

First Community Credit Union (TX) Savings Account Rates

DetailsAPYMINMAXPRODUCT
5.00%-$1kU First Savings
0.30%$25k-Health Money Management
0.25%$50k-Regular Savings
0.25%$50k-Club Savings
0.25%$50k-Red Rangers
0.25%$50k-CU Succeed
0.25%$50k-IRA Savings
0.25%$20k-Business Savings
0.25%$50k-SEP IRA Savings
0.25%$50k-Coverdell Education IRA Savings
0.05%$500-First Health (HSA) Checking

First Community Credit Union (TX) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$100k-First Money Market Fund
0.30%$25k-Money Management
0.30%$25k-Business Money Market

First Community Credit Union (TX) Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.25%-$10kFirst Rewards Checking - Qualifying
0.25%$2,500-Business Growth Checking
0.10%--First Rewards Checking - Non Qualifying

First Community Credit Union (TX) CD Rates

DetailsAPYMINMAXPRODUCT
1.60%$100k-5 Year Jumbo CD
1.50%$500$100k5 Year CD
1.05%$100k-4 Year Jumbo CD
1.00%$100k-3 Year Jumbo CD
1.00%$100k-4 Year Flex Rate Jumbo CD
0.95%$500$100k4 Year CD
0.90%$500$100k3 Year CD
0.90%$500$100k4 Year Flex Rate CD
0.65%$100k-2 Year Jumbo CD
0.60%$100k-19 Month Jumbo CD
0.60%$100k-2 Year Flex Rate Jumbo CD
0.55%$500$100k2 Year CD
0.55%$100k-1 Year Jumbo CD
0.50%$500$100k19 Month CD
0.50%$500$100k2 Year Flex Rate CD
0.45%$500$100k1 Year CD
0.45%$500-2 Year CD Builder Account
0.25%$100k-6 Month Jumbo CD
0.25%$100k-9 Month Jumbo CD
0.20%$500$100k6 Month CD
0.20%$100k-3 Month Jumbo CD
0.20%$500$100k9 Month CD
0.15%$500$100k3 Month CD

First Community Credit Union (TX) IRA Rates

DetailsAPYMINMAXPRODUCT
1.60%$100k-5 Year Jumbo IRA
1.50%$500$100k5 Year IRA
1.05%$100k-4 Year Jumbo IRA
1.00%$100k-3 Year Jumbo IRA
0.95%$500$100k4 Year IRA
0.90%$500$100k3 Year IRA
0.65%$100k-2 Year Jumbo IRA
0.55%$500$100k2 Year IRA
0.55%$100k-1 Year Jumbo IRA
0.45%$500$100k1 Year IRA
0.25%$100k-6 Month Jumbo IRA
0.20%$500$100k6 Month IRA
0.20%$100k-3 Month Jumbo IRA
0.15%$500$100k3 Month IRA
Locations

First Community Credit Union (TX) has 17 locations. Click to view all First Community Credit Union (TX) locations.