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1602 W Main St
El Centro, CA 92243-2232

First Imperial Credit Union is headquartered in El Centro and is the 170th largest credit union in the state of California. It is also the 1,790th largest credit union in the nation. It was established in 1942 and as of March of 2014, it had grown to 24 employees and 14,806 members. First Imperial Credit Union's savings rates are 2X the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work or worship in Imperial Valley. - See Details

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Reviews (2)

Membership Restricted

One cannot open an account unless one "regularly works, lives or worships in the Imperial Valley." No affinity  groups or other means of qualification are allowed.

Cannot Access Site

On any browser, indicator keeps circling as cannot connect with server. Thus ZERO serviceability, folks.  I was in banking for years and we never had that problem, even when the chinese were trying to hack in.


Data for Q1 2014

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 Imperial Credit Union has a relatively low asset base.

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 Imperial Credit Union had $413,000 in non-current loans and owned real-estate with $8.55 million in equity and loan loss allowances on hand to cover it. This gives First Imperial Credit Union a Texas Ratio of 4.83% 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 Imperial Credit Union decreased dramatically from 9.21% as of March 31, 2013 to 4.83% as of March 31, 2014, resulting in a positive change of 47.57%.This indicates that the balance sheet and financial strength for First Imperial Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, First Imperial Credit Union has increased its total deposits by $7.62 million, resulting in 12.37% 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 Imperial 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 Imperial Credit Union has $77.51 million in assets with $8.55 million in equity, resulting in a capitalization level of 11.03%, which is excellent.

Institution Statistics

NCUA #68356
Year Chartered1942
Primary Regulator
Assets and Liabilities
Assets$77.51 million
Loans$52.06 million
Deposits$69.25 million
Equity Capital$7.22 million
Loan Loss Allowance$1.33 million
Unbacked Noncurrent Loans$413,000
Real Estate Owned$0
Historic Data - March 2013
Assets$69.92 million
Equity Capital$6.78 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$413,000
Real Estate Owned$0
Profit Margin - Quarterly
Return on Assets1.06%
Return on Equity11.41%
Interest Income$972,000
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First Imperial Credit Union Savings Account Rates

1.05%$50-Christmas Club
1.05%$50-Summer Saver
1.00%$100k-No Term IRA Account
1.00%$100k-No Term Roth IRA Account
1.00%$100k-No Term CESA Account
0.10%$10k-Regular Share
0.10%$10k-Rainy Day Share

First Imperial Credit Union Money Market Rates

0.40%$50k-Money Market Account

First Imperial Credit Union CD Rates

1.05%$500-60 Month Share Certificate
1.05%$100k-60 Month Jumbo Share Certificate
1.00%$500-48 Month Share Certificate
1.00%$100k-48 Month Jumbo Share Certificate
0.95%$500-36 Month Share Certificate
0.95%$100k-36 Month Jumbo Share Certificate
0.90%$500-24 Month Share Certificate
0.90%$100k-24 Month Jumbo Share Certificate
0.85%$500-18 Month Share Certificate
0.85%$100k-18 Month Jumbo Share Certificate
0.80%$500-12 Month Share Certificate
0.80%$100k-12 Month Jumbo Share Certificate
0.75%$500-6 Month Share Certificate
0.75%$100k-6 Month Jumbo Share Certificate
0.35%$500-3 Month Share Certificate
0.35%$100k-3 Month Jumbo Share Certificate

First Imperial Credit Union IRA Rates

1.00%$500-24 Month IRA Certificate
0.80%$500-18 Month IRA Certificate
0.60%$500-12 Month IRA Certificate

First Imperial Credit Union Locations
Branch Office409 W Main StBrawley, CA 92227-2244
Branch Office1602 W Main StEl Centro, CA 92243-2232
Branch Office2534 Rockwood Ave Unit 1-ACalexico, CA 92231