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1815 Kildaire Farm Rd Suite A
Cary, NC 27518

First Flight Credit Union is headquartered in Cary and is the 15st largest credit union in the state of North Carolina. It is also the 1,050th largest credit union in the nation. It was established in 1952 and as of March of 2014, it had grown to 65 employees and 24,695 members. First Flight Credit Union has a A+ health rating.

Field of Membership Restrictions

Must be an employee of any of their selected large firms in the high tech, manufacturing, pharmaceutical, legal, or service industry. - See Details

Related Posts

Top Promotional Certificate Rates at First Flight Federal Credit Union - 9/4/2013

First Flight Federal Credit Union is offering several promotional certificate rates. Some of these are very good deals. The two best deals are a 15-month CD with a 1.25% APY and a 23-month CD with a 1 ...

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Data for Q1 2014

Institution Health


Texas Ratio


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 Flight Credit Union had $1.21 million in non-current loans and owned real-estate with $23.19 million in equity and loan loss allowances on hand to cover it. This gives First Flight Credit Union a Texas Ratio of 5.22% 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 Flight Credit Union decreased dramatically from 7.80% as of March 31, 2013 to 5.22% as of March 31, 2014, resulting in a positive change of 33.01%.This indicates that the balance sheet and financial strength for First Flight Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, First Flight Credit Union has increased its total deposits by $8.61 million, resulting in 6.22% 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 Flight Credit Union 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 Flight Credit Union has $170.31 million in assets with $23.19 million in equity, resulting in a capitalization level of 13.62%, which is excellent.

Institution Statistics

NCUA #7870
Year Chartered1952
Primary Regulator
Assets and Liabilities
Assets$170.31 million
Loans$133.63 million
Deposits$147.13 million
Equity Capital$21.27 million
Loan Loss Allowance$1.92 million
Unbacked Noncurrent Loans$1.15 million
Real Estate Owned$58,000
Historic Data - March 2013
Assets$161.37 million
Equity Capital$21.01 million
Loan Loss Allowance$2.17 million
Unbacked Noncurrent Loans$1.15 million
Real Estate Owned$58,000
Profit Margin - Quarterly
Net Interest Margin1.12%
Return on Assets0.3%
Return on Equity2.37%
Interest Income$1.66 million

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First Flight Credit Union Savings Account Rates

0.10%$10k-Share Savings Account
0.10%$10k-Custodial Account
0.10%$10k-Estate Account
0.10%$10k-Agency Account
0.10%--KIDDS Plus Account
0.10%$10k-Trust Account
0.10%--Christmas Club Account
0.10%$10k-IRA Shares Account
0.10%$10k-Roth IRA Conversion Shares Account
0.10%$10k-Roth IRA Shares Account
0.10%$10k-Educational IRA Shares Account
0.10%$10k-Business Savings

First Flight Credit Union Money Market Rates

0.40%$50k-Money Market Account

First Flight Credit Union Checking Account Rates

0.10%$500-Horizon Checking Account
0.05%--Wright Checking Account
0.05%$10k-Wright Business

First Flight Credit Union CD Rates

1.51%$10k-60 Month Share Certificate
1.26%$10k-48 Month Share Certificate
0.85%$10k-36 Month Share Certificate
0.65%$10k-30 Month Share Certificate
0.50%$10k-23 Month Share Certificate
0.50%$10k-24 Month Share Certificate
0.35%$10k-12 Month Share Certificate
0.35%$10k-18 Month Share Certificate
0.25%$10k-180 Day Share Certificate
0.25%$10k-9 Month Share Certificate
0.25%$10k-13 Month Share Certificate
0.15%$10k-90 Day Share Certificate

First Flight Credit Union IRA Rates

1.61%$10k-60 Month IRA Certificate
1.36%$10k-48 Month IRA Certificate
0.95%$10k-36 Month IRA Certificate
0.75%$10k-30 Month IRA Certificate
0.60%$10k-24 Month IRA Certificate
0.45%$10k-12 Month IRA Certificate
0.45%$10k-18 Month IRA Certificate

First Flight Credit Union Locations
Branch Office400 Village Walk Dr Suite 106Holly Springs, NC 27540
Branch Office1232 E Main StHavelock, NC 28532
Branch Office4501 Arendell StMorehead City, NC 28557
Branch Office3530 S Memorial DrGreenville, NC 27834
Branch Office2405 N Heritage St Ste AKinston, NC 28501
Branch Office1815 Kildaire Farm Rd Suite ACary, NC 27518
Branch Office2nd Avenue Bldg 3672Cherry Point, NC 28533
Branch Office1815 Kildaire Farm Rd Suite ACary, NC 27518
Branch Office3127 Dr M L King Jr BlvdNew Bern, NC 28562