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Overview / Commentary
1600 W Cameron Ave
West Covina, CA 91790

First Financial CU (CA) is headquartered in West Covina and is the 75th largest credit union in the state of California. It is also the 508th largest credit union in the nation. It was established in 1974 and as of December of 2013, it had grown to 127 employees and 32,712 members. First Financial CU (CA) has a B+ health rating.

Field of Membership Restrictions

Must be an active or retired member of the California Teachers Association (CTA), its subsidiary, chapter or affiliated teacher organization. - See Details

Reviews (2)

Beware Of This Credit Union

Poorly run, poorly managed, extremely high turn over in staff and management. Expenses and overhead are out of control. Very difficult to get a loan approved and funded. Getting a simple task done from the call center is a ordeal mainly due to management and staff unprepared and unable to perform the tasks. They staff lacks training and tenure with the company to handle the most remedial function. Beware, do not open an account or take a loan out with this poorly managed credit union. You will regret it.

Service And Loans


This credit union has poor customer service and the loans are very difficult to acquire. The credit union staff has a very high turn over. They could have someone who is knowledgeable one week and that person would be gone. The management in the call center are not helpful at all and I have experienced were the management would leave the representative to deal with the customer instead of helping the customer.

The loan process is ridiculous also, I attempted to acquire a collateral loan with my vehicle that is worth $8K and I was only asking for $2500.00, but was turned down. The branch staff is no better, again the turn over rate is ridiculous, and the upper management does not seem to care.


Data for Q4 2013

Institution Health


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, 2013 First Financial CU (CA) had $3.36 million in non-current loans and owned real-estate with $38.39 million in equity and loan loss allowances on hand to cover it. This gives First Financial CU (CA) a Texas Ratio of 8.75% 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 Financial CU (CA) decreased dramatically from 16.46% as of December 31, 2012 to 8.75% as of December 31, 2013, resulting in a positive change of 46.82%.This indicates that the balance sheet and financial strength for First Financial CU (CA) has improved dramatically in recent periods.

Deposit Growth


In the past year, First Financial CU (CA) has decreased its total deposits by -$4.67 million, resulting in -1.22% 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 Financial CU (CA) has shown is average.



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 Financial CU (CA) has $420.25 million in assets with $38.39 million in equity, resulting in a capitalization level of 9.13%, which is average.

Institution Statistics

NCUA #68404
Year Chartered1974
Primary Regulator
Assets and Liabilities
Assets$420.25 million
Loans$344.92 million
Deposits$379.25 million
Equity Capital$34.68 million
Loan Loss Allowance$3.71 million
Unbacked Noncurrent Loans$3.05 million
Real Estate Owned$315,000
Historic Data - December 2012
Assets$420.22 million
Equity Capital$31.99 million
Loan Loss Allowance$8.17 million
Unbacked Noncurrent Loans$3.05 million
Real Estate Owned$782,000
Profit Margin - Quarterly
Net Interest Margin5.44%
Return on Assets0.7%
Return on Equity8.48%
Interest Income$19.36 million

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First Financial CU (CA) Savings Account Rates

0.10%$500-Super Savers With 5+ electives
0.09%$500-Super Savers With 4 electives
0.07%$500-Super Savers With 3 electives
0.06%$500-Super Savers With 2 electives
0.04%$500-Super Savers With 1 elective
0.03%$100-Savings Account
0.03%--Student Savings
0.03%$50-Flexible Savers
0.03%$50-Summer Savers
0.03%$500-Super Savers With no electives
0.03%--IRA Savings

First Financial CU (CA) Money Market Rates

0.03%$2,500-Money Market

First Financial CU (CA) Checking Account Rates

0.03%$1k-Prime Checking

First Financial CU (CA) CD Rates

0.75%$500-60 Month Regular CD
0.50%$500-30 Month Regular CD
0.13%$500-18 Month Regular CD
0.05%$500-3 Month Regular CD
0.05%$500-6 Month Regular CD
0.05%$500-12 Month Regular CD

First Financial CU (CA) IRA Rates

0.75%$2k-60 Month Roth IRA
0.60%$2k-36 Month IRA

First Financial CU (CA) has 13 locations. Click to view all First Financial CU (CA) locations.