4 star ratingAverage User Rating:
4 star rating based on 1 review.

First Missouri Credit Union

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

NCUA


First Missouri Credit Union is headquartered in Saint Louis and is the 36th largest credit union in the state of Missouri. It is also the 2,204th largest credit union in the nation. It was established in 1927 and as of March of 2013, it had grown to 21 employees and 7,791 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...




First Missouri Credit Union Checking Account Rates

ApyMinMaxProduct
2.51%-$10kKasasa Cash

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


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

Assets and Liabilities

Assets$54.33 million
Loans$38.47 million
Deposits$47.74 million
Equity Capital$5.97 million
Loan Loss Allowance$515,000
Unbacked Noncurrent Loans$365,000

Historic Data - March 2012

Assets$51.62 million
Equity Capital$5.48 million
Loan Loss Allowance$584,000
Unbacked Noncurrent Loans$215,000

Profit Margin - Quarterly

Net Interest Margin1.39%
Return on Assets0.8%
Return on Equity7.31%
Interest Income$616,000
Non-Interest Income$231,000

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 March 31, 2013 First Missouri Credit Union had $365,000 in non-current loans and owned real-estate with $6.48 million in equity and loan loss allowances on hand to cover it. This gives First Missouri Credit Union a Texas Ratio of 5.63% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for First Missouri Credit Union held steady from 3.55% as of March 31, 2012 to 5.63% as of March 31, 2013, resulting in a negative change of 58.77%. This indicates that the balance sheet and financial strength for First Missouri Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, First Missouri Credit Union has increased its total deposits by $2.02 million, resulting in 4.43% 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.
Capitalization4
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 $54.33 million in assets with $6.48 million in equity, resulting in a capitalization level of 11.93%, which is above average.
Write Review

End Of Month Caviat For Receiving The High Yield Interest
4 stars - Anonymous - Saturday, December 11, 2010 - 6:14 PM

The monthly statement cycle will catch you off guard if you wait till the end of the month to make your last of the 12 debit card purchases. Purchases count on the day that they are POSTED in your account and not on the day that you make the purchase. This is not clear in their literature and they will tell you that actual POSTING may take 1, 2 or 3 days depending on who knows what? Account representatives will not make any exceptions and the account posting absolutely determines whether you get the high yield interest or not.

1