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Overview / Commentary
847-676-8000
2942 W Peterson Ave
Chicago, IL 60659

First Financial CU (IL) is headquartered in CHICAGO and is the 60th largest credit union in the state of Illinois. It is also the 1,957th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 21 employees and 8,282 members. First Financial CU (IL) has a B+ health rating.

Field of Membership Restrictions

Anyone who lives or works in the northern Chicagoland area. The borders are Dempster Ave or Morton Grove to the North, Ridge Ave and Damen Ave to the East, Irving Park Rd to the South, and Highway 294 to the West. - See Details

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Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. First Financial CU (IL) has a relatively low asset base.

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 Financial CU (IL) had $713,000 in non-current loans and owned real-estate with $8.02 million in equity and loan loss allowances on hand to cover it. This gives First Financial CU (IL) a Texas Ratio of 8.89% 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 Financial CU (IL) decreased dramatically from 13.38% as of March 31, 2013 to 8.89% as of March 31, 2014, resulting in a positive change of 33.52%.This indicates that the balance sheet and financial strength for First Financial CU (IL) has improved dramatically in recent periods.

Deposit Growth

GRADE:
B+

In the past year, First Financial CU (IL) has increased its total deposits by $1.62 million, resulting in 2.8% 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 Financial CU (IL) has shown is above average.

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 Financial CU (IL) has $67.36 million in assets with $8.02 million in equity, resulting in a capitalization level of 11.90%, which is excellent.

Institution Statistics

Overall
NCUA #68450
Year Chartered1936
Employees21
Primary Regulator
Assets and Liabilities
Assets$67.36 million
Loans$44.16 million
Deposits$59.53 million
Equity Capital$7.39 million
Loan Loss Allowance$630,000
Unbacked Noncurrent Loans$713,000
Real Estate Owned$0
Historic Data - March 2013
Assets$65.86 million
Equity Capital$7.14 million
Loan Loss Allowance$652,000
Unbacked Noncurrent Loans$713,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets0.53%
Return on Equity4.82%
Interest Income$784,000
Rates
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First Financial CU (IL) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Share Savings Account
0.30%--Christmas Club Account
0.30%--Vacation Club Account

First Financial CU (IL) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$25k-Money Market Account

First Financial CU (IL) CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-48 Month Certificate
0.75%$5k-18 Month Certificate
0.75%$5k-24 Month Certificate
0.75%$5k-36 Month Certificate
0.50%$5k-12 Month Certificate

First Financial CU (IL) IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$5k-48 Month IRA Certificate
0.75%$5k-18 Month IRA Certificate
0.75%$5k-24 Month IRA Certificate
0.75%$5k-36 Month IRA Certificate
0.50%$5k-12 Month IRA Certificate
0.25%$1k-12 Month Roth IRA Certificate
Locations


First Financial CU (IL) Locations
Branch Office6601 N RIDGE BLVD BLDG 1CHICAGO, IL 60626
Branch Office6400 OAKTON STMORTON GROVE, IL 60053
Branch Office1775 DEMPSTER STPARK RIDGE, IL 60068-1143
Branch Office1960 NAPERVILLE WHEATON RDNAPERVILLE, IL 60563
Branch Office7401 W WILSON AVEChicago, IL 60706
Branch Office2942 W PETERSON AVECHICAGO, IL 60659
Branch Office5550 TOUHY AVE STE 102SKOKIE, IL 60077