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Overview / Commentary
800-732-6986
25 S Arizona Pl Ste 111
Chandler, AZ 85225

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!"

Field of Membership Restrictions

Eligible members are persons who live, work, and worship within a ten mile radius of any First Credit Union branch. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Credit Union had $3.08 million in non-current loans and owned real-estate with $34.86 million in equity and loan loss allowances on hand to cover it. This gives First Credit Union a Texas Ratio of 8.85% 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 Credit Union experienced no significant changes from 8.42% as of March 31, 2013 to 8.85% as of March 31, 2014, resulting in a negative change of 5.10%. This indicates that the balance sheet and financial strength for First Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B

In the past year, First Credit Union has increased its total deposits by $1.76 million, resulting in 0.46% 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 above average.

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 Credit Union has $417 million in assets with $34.86 million in equity, resulting in a capitalization level of 8.36%, which is average.

Institution Statistics

Overall
NCUA #68444
Year Chartered1935
Employees146
Primary Regulator
Assets and Liabilities
Assets$417.00 million
Loans$236.70 million
Deposits$383.11 million
Equity Capital$30.31 million
Loan Loss Allowance$4.55 million
Unbacked Noncurrent Loans$1.56 million
Real Estate Owned$1.53 million
Historic Data - March 2013
Assets$413.89 million
Equity Capital$28.98 million
Loan Loss Allowance$5.48 million
Unbacked Noncurrent Loans$1.56 million
Real Estate Owned$1.30 million
Profit Margin - Quarterly
Return on Assets0.27%
Return on Equity3.68%
Interest Income$3.34 million
Rates

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

First Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Accumlation Account
0.25%--Roth IRA Accumlation Account
0.03%--Regular Share Savings
0.03%--Business Share Savings

First Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$25k-Personal Money Market
0.05%$25k-Business Money Market

First Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$100k-Business Premier Checking

First Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$50k-5 Year CD Term Certificate
0.95%$50k-3 Year HSA Certificate
0.80%$50k-3 Year CD Term Certificate
0.70%$50k-2 Year HSA Certificate
0.55%$50k-2 Year CD Term Certificate
0.40%$50k-1 Year HSA Certificate
0.30%$50k-1 Year CD Term Certificate
0.15%$2,500-6 Month CD Term Certificate
0.05%$2,500-3 Month CD Term Certificate

First Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.95%$50k-3 Year IRA Certificate
0.70%$50k-2 Year IRA Certificate
0.40%$50k-1 Year IRA Certificate
Locations


First Credit Union Locations
Branch Office803 E Devonshire AvePhoenix, AZ 85014
Branch Office25 S Arizona Pl Ste 111Chandler, AZ 85225
Branch Office340 S Stone AveTucson, AZ 85701
Branch Office1310 N Litchfield RdGoodyear, AZ 85395
Branch Office5770 W Thunderbird RdGlendale, AZ 85306
Branch Office1232 E Baseline RdTempe, AZ 85283
Branch Office3800 S Alma School RdChandler, AZ 85248
Branch Office25 S Arizona Pl Ste 111Chandler, AZ 85225
Branch Office15505 N Hayden RdScottsdale, AZ 85260
Branch Office475 N Gila Springs BlvdChandler, AZ 85226