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Overview / Commentary
301-784-3000
P.O. Box 1377
Cumberland, MD 21501

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 633rd largest credit union in the nation. It was established in 1959 and as of December of 2013, it had grown to 129 employees and 28,850 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 Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B+

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, 2013 First Peoples Community Credit Union had $5.98 million in non-current loans and owned real-estate with $40.79 million in equity and loan loss allowances on hand to cover it. This gives First Peoples Community Credit Union a Texas Ratio of 14.65% 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 15.55% as of December 31, 2012 to 14.65% as of December 31, 2013, resulting in a positive change of 5.75%.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:
A

In the past year, First Peoples Community Credit Union has increased its total deposits by $9.89 million, resulting in 3.73% 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 excellent.

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 $331.76 million in assets with $40.79 million in equity, resulting in a capitalization level of 12.29%, which is excellent.

Institution Statistics

Overall
NCUA #13345
Year Chartered1959
Employees129
Primary Regulator
Assets and Liabilities
Assets$331.76 million
Loans$270.48 million
Deposits$274.71 million
Equity Capital$37.91 million
Loan Loss Allowance$2.88 million
Unbacked Noncurrent Loans$4.36 million
Real Estate Owned$1.62 million
Historic Data - December 2012
Assets$318.63 million
Equity Capital$34.28 million
Loan Loss Allowance$2.83 million
Unbacked Noncurrent Loans$4.36 million
Real Estate Owned$1.09 million
Profit Margin - Quarterly
Net Interest Margin3.67%
Return on Assets0.88%
Return on Equity7.7%
Interest Income$12.70 million
Rates

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First Peoples Community Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$100-Share Club Account (with Direct Deposit)
0.80%$75k-Thrift Savings Account
0.65%$100-IRA Savings Account
0.65%$100-Roth IRA Savings Account
0.65%$100-CESA Savings Account
0.10%$100-Share Club Account (without Direct Deposit)
0.10%$100-Regular Share Account

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

First Peoples Community Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$5k-30 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
1.25%$500-48 Month IRA Share Certificate (Traditional,Roth,CESA)
1.00%$500-36 Month IRA Share Certificate (Traditional,Roth,CESA)
0.90%$500-24 Month IRA Share Certificate (Traditional,Roth,CESA)
0.75%$500-18 Month IRA Share Certificate (Traditional,Roth,CESA)
0.65%$500-12 Month IRA Share Certificate (Traditional,Roth,CESA)
Locations

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