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Overview / Commentary
301-784-3000
153 Baltimore St
Cumberland, MD 21502

First Peoples Community Credit Union is headquartered in CUMBERLAND and is the 17st largest credit union in the state of Maryland. It is also the 627th largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 114 employees and 29,115 members. First Peoples Community Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

First Peoples Community Federal Credit Union serves any persons who live or work in Allegany County, Maryland, Garrett County, Maryland, Somerset County, Pennsylvania or Mineral County, West Virginia. Membership is also available to Verizon employees that headquartered in the counties of Frederick, Washington, Allegany, and Garrett in Maryland. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

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 Peoples Community Credit Union had $5.87 million in non-current loans and owned real-estate with $41.65 million in equity and loan loss allowances on hand to cover it. This gives First Peoples Community Credit Union a Texas Ratio of 14.10% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for First Peoples Community Credit Union experienced no significant changes from 13.12% as of March 31, 2013 to 14.10% as of March 31, 2014, resulting in a negative change of 7.48%. This indicates that the balance sheet and financial strength for First Peoples Community Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, First Peoples Community Credit Union has increased its total deposits by $6.97 million, resulting in 2.52% 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 Peoples Community Credit Union has shown is above average.

Capitalization

GRADE:
A+

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 Peoples Community Credit Union has $342.44 million in assets with $41.65 million in equity, resulting in a capitalization level of 12.16%, which is excellent.

Institution Statistics

Overall
NCUA #13345
Year Chartered1959
Employees114
Primary Regulator
Assets and Liabilities
Assets$342.44 million
Loans$270.69 million
Deposits$282.95 million
Equity Capital$38.57 million
Loan Loss Allowance$3.08 million
Unbacked Noncurrent Loans$4.25 million
Real Estate Owned$1.62 million
Historic Data - March 2013
Assets$331.90 million
Equity Capital$34.99 million
Loan Loss Allowance$2.91 million
Unbacked Noncurrent Loans$4.25 million
Real Estate Owned$1.14 million
Profit Margin - Quarterly
Net Interest Margin0.93%
Return on Assets0.69%
Return on Equity6.16%
Interest Income$3.12 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Peoples Community Credit Union, we are a rate comparison website and can not provide official rates or promotions.

First Peoples Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$100-Payroll Holiday Account
0.80%$75k-Thrift Savings Account
0.65%$100-IRA Shares
0.65%$100-Roth IRA Shares
0.65%$100-CESA
0.50%--HSA Checking
0.10%$100-Regular Shares
0.10%$100-Club Shares
0.10%$100-Secondary Shares
0.10%$100-Christmas Club Shares
0.10%--Star Savers
0.10%--Teen Savers

First Peoples Community Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.75%$250k-Money Market Deposit Account

First Peoples Community Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.00%-$25keFirst Checking - Qualifying
1.10%$100-Non-Profit Checking

First Peoples Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
2.05%$5k-60 Month CD Special - Somerset County Only
1.60%$5k-30 Month CD Special - Somerset County Only
1.50%$500-60 Month Share Certificate
1.50%$5k-30 Month Special CD
1.40%$5k-39 Month Special CD
1.25%$500-48 Month Share Certificate
1.25%$500-48 Month Step-up CD
1.00%$500-36 Month Share Certificate
0.90%$500-24 Month Share Certificate
0.75%$500-18 Month Share Certificate
0.65%$500-12 Month Share Certificate
0.35%$500-6 Month Share Certificate
0.10%$500-91 Day Share Certificate

First Peoples Community Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$500-60 Month IRA Share Certificate
1.25%$500-48 Month IRA Share Certificate
1.00%$500-36 Month IRA Share Certificate
0.90%$500-24 Month IRA Share Certificate
0.75%$500-18 Month IRA Share Certificate
0.65%$500-12 Month IRA Share Certificate
Locations

First Peoples Community Credit Union has 13 locations. Click to view all First Peoples Community Credit Union locations.