First Missouri Credit Union

First Missouri Credit Union Locations
1690 Lemay Ferry Rd.
St. Louis, MO 63125
314.544.5050
www.1stmocu.org

First Missouri Credit Union is headquartered in Saint Louis and is the 35th largest credit union in the state of Missouri. It is also the 2,273rd largest credit union in the nation. It was established in 1927 and as of December of 2011, it had grown to 21 employees and 7,658 members. First Missouri Credit Union has a 5-star health rating.

Related Posts

First Missouri Cuts Rate On November 1 (Forum) - 10/6/2011

First Missouri will be dropping from 3.51% to 2.51% on November 1st 2011

First Missouri Credit Union Lowers Cap On 1st Reward Checking (Forum) - 2/2/2011

Effective 4/1/11, the reward rate cap on 1st Reward Checking Accounts will decrease from $20,000 to $10,000.  Additionally, the interest rate on qualifying balances above $10,000 will drop from 0.75% APY to 0.50% APY.  This information was

First Missouri Credit Union Cuts Rate on 1st Reward Checking (Forum) - 9/30/2010

Effective 10/1/10, the APY on the 1st Reward Checking accounts at First Missouri Credit Union drops from 4.01% to 3.51%.

High-Yield Reward Checking Account at First Missouri Credit Union - Local Only - 10/2/2009

First Missouri Credit Union is offering a high-yield reward checking account called First Reward Checking. The account offers the following rates and features if certain monthly requirements are met:5.25% APY on balances up to $20,0001.01% on all amounts...



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First Missouri Credit Union Checking Account Rates

ApyMinMaxProduct
2.51%-$10k1st Reward Checking

Rates updated: 5/25/2012

Data for Q4 2011


Institution Statistics


FIRST MISSOURI
NCUA #62716
BankRate ReportView
Year Chartered1927
Employees21
Primary Regulator

Assets and Liabilities

Assets$48.57 million
Loans$36.64 million
Deposits$42.86 million
Equity Capital$5.31 million
Loan Loss Allowance$647,000
Unbacked Noncurrent Loans$332,000

Historic Data - December 2010

Assets$47.39 million
Equity Capital$5.04 million
Loan Loss Allowance$596,000
Unbacked Noncurrent Loans$588,000
Real Estate Owned$71,000

Profit Margin - Quarterly

Net Interest Margin5.99%
Return on Assets0.57%
Return on Equity5.18%
Interest Income$2.47 million
Non-Interest Income$987,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 First Missouri Credit Union had $332,000 in non-current loans and owned real-estate with $5.95 million in equity and loan loss allowances on hand to cover it. This gives First Missouri Credit Union a Texas Ratio of 5.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for First Missouri Credit Union decreased significantly from 11.69% as of December 31, 2010 to 5.58% as of December 31, 2011, resulting in a positive change of 52.31%.This indicates that the balance sheet and financial strength for First Missouri Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, First Missouri Credit Union has increased its total deposits by $962,000, resulting in 2.3% 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 Missouri Credit Union has shown is above average.
Capitalization5
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 Missouri Credit Union has $48.57 million in assets with $5.95 million in equity, resulting in a capitalization level of 12.26%, which is excellent.
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