Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
2942 W Peterson Ave
Chicago, IL 60659

First Financial CU (IL) is headquartered in CHICAGO and is the 59th largest credit union in the state of Illinois. It is also the 1,947th largest credit union in the nation. It was established in 1936 and as of December of 2013, it had grown to 21 employees and 8,377 members. First Financial CU (IL) has a B+ health rating.

Field of Membership Restrictions

Must live, work or worship in the Villages of Skokie, Morton Grove or Lincolnwood or the City of Park Ridge in Illinois. - See Details

No reviews have been left for this bank yet. Be the first to review.


Data for Q4 2013

Institution Health

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


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 (IL) had $1.05 million in non-current loans and owned real-estate with $8 million in equity and loan loss allowances on hand to cover it. This gives First Financial CU (IL) a Texas Ratio of 13.12% 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 Financial CU (IL) experienced no significant changes from 13.21% as of December 31, 2012 to 13.12% as of December 31, 2013, resulting in a positive change of 0.69%.This indicates that the balance sheet and financial strength for First Financial CU (IL) has had no significant changes in recent periods.

Deposit Growth


In the past year, First Financial CU (IL) has increased its total deposits by $2.44 million, resulting in 4.39% 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 Financial CU (IL) has shown is excellent.



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 $65.93 million in assets with $8 million in equity, resulting in a capitalization level of 12.13%, which is excellent.

Institution Statistics

NCUA #68450
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$65.93 million
Loans$42.80 million
Deposits$58.20 million
Equity Capital$7.30 million
Loan Loss Allowance$701,000
Unbacked Noncurrent Loans$1.05 million
Real Estate Owned$0
Historic Data - December 2012
Assets$62.69 million
Equity Capital$6.87 million
Loan Loss Allowance$588,000
Unbacked Noncurrent Loans$1.05 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.24%
Return on Assets0.31%
Return on Equity2.81%
Interest Income$3.02 million
Skip to rates for:

Always verify rates and promotions with the bank or credit union. We are not First Financial CU (IL), we are a rate comparison website and can not provide official rates or promotions.

First Financial CU (IL) Savings Account Rates

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

First Financial CU (IL) Money Market Rates

0.30%$25k-Money Market Account

First Financial CU (IL) CD Rates

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

1.00%$5k-48 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$5k-18 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$5k-24 Month IRA Certificate (Traditional,Roth,CESA)
0.75%$5k-36 Month IRA Certificate (Traditional,Roth,CESA)
0.50%$5k-12 Month IRA Certificate (Traditional,CESA)
0.25%$1k-12 Month Roth IRA Certificate

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 Office7401 W WILSON AVEChicago, IL 60706
Branch Office2942 W PETERSON AVECHICAGO, IL 60659
Branch Office5550 TOUHY AVE STE 102SKOKIE, IL 60077