First Credit Union

1232 E. Baseline Rd.
Tempe, AZ 85283-1404
800-732-6986
www.firstcu.coop

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Since their humble beginnings 75 years ago, providing friendly and personalized service to their members has been their #1 top priority. They believe that growth and continued use of their services is the best measure of how well they are serving their members. They strive to earn member loyalty by demonstrating that they value the trust they have placed in them. They are committed to their established reputation of excellent service, delivery and value. They truly are "First in Arizona, First in Service!"

4.30% 60-Month / 4.11% 24-Month CD at an Arizona CU (First). - 2/12/2008

Update 3/22/08: The CD rates have gone down. Please check the financial institution's website for the latest rates.Update 3/15/08: The 60-month CD yield has fallen from 4.40% to 4.30% APY, and the 24-month CD yield has fallen from 4.15% to 4.11% APY. The...

1.75% Reward Checking at an Arizona CU (First Credit Union) - 2/3/2008

Update 4/04/09: The top yield has fallen to 1.75% APY. Refer to the bottom of the post for the rate history.First Credit Union is offering a reward checking account that pays 1.75% APY on balances up to $25,000 (1.01% for over) and refunds ATM fees (up...

5.33% 60-Month / 5.10% 36-Month CD at an Arizona CU (First) - 11/13/2007

Update 12/15/07: Rates have gone down: 5.51% to 5.33% for the 60-month term and 5.35% to 5.10% for the 36-month term.First Credit Union is offering high yields on its term certificates. The best rates require a minimum deposit of $50K. These include a...

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See Rates for: Checking | Savings | Money Market | CD | IRA

First Credit Union Checking Account Rates

Apy	Min	Max	Product
0.20%	$100k	-	Business Executive Checking
0.02%	$1,500	-	First Premier Checking
0.02%	$1k	-	Business Plus Checking

First Credit Union Savings Account Rates

Apy	Min	Max	Product
0.20%	-	-	IRA Accumlation Account
0.20%	-	-	Roth IRA Accumlation Account
0.03%	-	-	Regular Share Savings
0.03%	-	-	Business Share Savings

First Credit Union Money Market Rates

Apy	Min	Max	Product
0.05%	$25k	-	Personal Money Market
0.05%	$25k	-	Business Money Market

First Credit Union CD Rates

Apy	Min	Max	Product
1.10%	$50k	-	5 Year CD Term Certificate
0.50%	$50k	-	3 Year CD Term Certificate
0.35%	$50k	-	2 Year CD Term Certificate
0.20%	$50k	-	1 Year CD Term Certificate
0.10%	$2,500	-	6 Month CD Term Certificate
0.05%	$2,500	-	3 Month CD Term Certificate

First Credit Union IRA Rates

Apy	Min	Max	Product
0.50%	$50k	-	3 Year IRA Certificate
0.50%	$50k	-	3 Year Roth IRA Certificate
0.50%	$50k	-	3 Year HSA Certificate
0.50%	$50k	-	3 Year Educational Certificate
0.35%	$50k	-	2 Year IRA Certificate
0.35%	$50k	-	2 Year Roth IRA Certificate
0.35%	$50k	-	2 Year HSA Certificate
0.35%	$50k	-	2 Year Educational Certificate
0.20%	$50k	-	1 Year IRA Certificate
0.20%	$50k	-	1 Year Roth IRA Certificate
0.20%	$50k	-	1 Year HSA Certificate
0.20%	$50k	-	1 Year Educational Certificate

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

FIRST
NCUA #	68444
BankRate Report	View
Year Chartered	1935
Employees	147
Primary Regulator
Assets and Liabilities
Assets	$398.77 million
Loans	$182.14 million
Deposits	$367.58 million
Equity Capital	$28.05 million
Loan Loss Allowance	$5.91 million
Unbacked Noncurrent Loans	$2.11 million
Real Estate Owned	$1.46 million
Historic Data - December 2011
Assets	$397.44 million
Equity Capital	$25.29 million
Loan Loss Allowance	$7.99 million
Unbacked Noncurrent Loans	$8.16 million
Real Estate Owned	$3.40 million
Profit Margin - Quarterly
Net Interest Margin	5.72%
Return on Assets	0.91%
Return on Equity	12.96%
Interest Income	$12.89 million
Non-Interest Income	$7.80 million

Institution Health

Overall Score:

4 out of 5

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, 2012 First Credit Union had $3.57 million in non-current loans and owned real-estate with $33.96 million in equity and loan loss allowances on hand to cover it. This gives First Credit Union a Texas Ratio of 10.52% 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 Credit Union decreased significantly from 34.75% as of December 31, 2011 to 10.52% as of December 31, 2012, resulting in a positive change of 69.73%.This indicates that the balance sheet and financial strength for First Credit Union has improved significantly in recent periods.
Deposit Growth
In the past year, First Credit Union has decreased its total deposits by -$1.43 million, resulting in -0.39% 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 Credit Union has shown is average.
Capitalization
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 Credit Union has $398.77 million in assets with $33.96 million in equity, resulting in a capitalization level of 8.52%, which is average.