First Priority Credit Union

25 Dorchester Avenue
Boston, MA 02205
800-949-7628
www.firstprioritycu.com

NCUA

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First Priority Credit Union is headquartered in BOSTON and is the 52^nd largest credit union in the state of Massachusetts. It is also the 1,352^nd largest credit union in the nation. It was established in 1924 and as of December of 2012, it had grown to 21 employees and 7,958 members. First Priority Credit Union has a 4-star health rating.

1.50% 15-Month CD At First Priority Credit Union In MA (Forum) - 9/20/2010

This credit union used to have some hot CD deals, but currently this 1.50% APY 15-month CD is the best one as of 9/20/2010. According to the credit union's membership page: First Priority Credit Union is open to members of the Postal Community (emplo

3.00% 36-Month CD & 3.50% 60-Month CD at First Priority Credit Union in MA - Local Only - 12/15/2009

First Priority Credit Union continues to offer competitive long-term CD rates. These include a 3.00% APY 3-year CD and a 3.50% APY 5-year CD. Minimum deposit is $1,000. These are also available as IRA certificates. These rates are listed in the credit...

2.75% 24-Month CD & 3.00% 36-Month CD at First Priority Credit Union in MA - Local Only - 9/18/2009

Update 11/07/09: The 24-month CD rate has fallen to 1.80% APY.First Priority Credit Union had been offering a hot 9-month special CD with a 3% APY, but that didn't last long. However, they continue to offer very competitive mid-term and long-term CD...

3.00% 9-Month CD at First Priority Credit Union in MA - Local Only - 9/1/2009

Update 9/05/09: The 3% 9-month CD special has ended. Please check the credit union's website for the latest rates. First Priority Credit Union is offering a special 9-month certificate with a 3.00% APY. This requires that you open a new checking account....

2009

2008

2/5 - 5.00% 5-Month CD at a Massachusetts Credit Union (First Priority).

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See Rates for: Savings | Money Market | CD | IRA

First Priority Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Share Account
0.15%	-	-	IRA Accumulator
0.15%	-	-	Holiday Account
0.15%	-	-	Vacation Account
0.15%	-	-	All-Purpose Account

First Priority Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.30%	$25k	-	Money Market Account

First Priority Credit Union CD Rates

Apy	Min	Max	Product
1.30%	$1k	-	5 Year CD
1.20%	$1k	-	4 Year CD
1.00%	$1k	-	3 Year CD
0.75%	$1k	-	2 Year CD
0.50%	$1k	-	15 Month CD
0.50%	$1k	-	18 Month CD
0.40%	$1k	-	9 Month CD
0.40%	$1k	-	1 Year CD
0.25%	$1k	-	6 Month CD
0.15%	$1k	-	3 Month CD

First Priority Credit Union IRA Rates

Apy	Min	Max	Product
1.30%	$1k	-	5 Year IRA
1.30%	$1k	-	5 Year Roth IRA
1.30%	$1k	-	5 Year CESA
1.20%	$1k	-	4 Year IRA
1.20%	$1k	-	4 Year Roth IRA
1.20%	$1k	-	4 Year CESA
1.00%	$1k	-	3 Year IRA
1.00%	$1k	-	3 Year Roth IRA
1.00%	$1k	-	3 Year CESA
0.75%	$1k	-	2 Year IRA
0.75%	$1k	-	2 Year Roth IRA
0.75%	$1k	-	2 Year CESA
0.50%	$1k	-	15 Month IRA
0.50%	$1k	-	18 Month IRA
0.50%	$1k	-	15 Month Roth IRA
0.50%	$1k	-	18 Month Roth IRA
0.50%	$1k	-	15 Month CESA
0.50%	$1k	-	18 Month CESA
0.40%	$1k	-	9 Month IRA
0.40%	$1k	-	1 Year IRA
0.40%	$1k	-	9 Month Roth IRA
0.40%	$1k	-	1 Year Roth IRA
0.40%	$1k	-	9 Month CESA
0.40%	$1k	-	1 Year CESA
0.25%	$1k	-	6 Month IRA
0.25%	$1k	-	6 Month Roth IRA
0.25%	$1k	-	6 Month CESA
0.15%	$1k	-	3 Month IRA
0.15%	$1k	-	3 Month Roth IRA
0.15%	$1k	-	3 Month CESA

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

FIRST PRIORITY
NCUA #	66593
BankRate Report	View
Year Chartered	1924
Employees	21
Primary Regulator
Assets and Liabilities
Assets	$113.53 million
Loans	$67.11 million
Deposits	$95.08 million
Equity Capital	$17.80 million
Loan Loss Allowance	$597,000
Unbacked Noncurrent Loans	$1.06 million
Real Estate Owned	$322,000
Historic Data - December 2011
Assets	$121.92 million
Equity Capital	$18.01 million
Loan Loss Allowance	$540,000
Unbacked Noncurrent Loans	$819,000
Real Estate Owned	$911,000
Profit Margin - Quarterly
Net Interest Margin	5.71%
Return on Assets	-0.13%
Return on Equity	-0.82%
Interest Income	$4.19 million
Non-Interest Income	$733,000

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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, 2012 First Priority Credit Union had $1.38 million in non-current loans and owned real-estate with $18.4 million in equity and loan loss allowances on hand to cover it. This gives First Priority Credit Union a Texas Ratio of 7.51% 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 Priority Credit Union decreased slightly from 9.33% as of December 31, 2011 to 7.51% as of December 31, 2012, resulting in a positive change of 19.48%.This indicates that the balance sheet and financial strength for First Priority Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, First Priority Credit Union has decreased its total deposits by -$8.36 million, resulting in -8.09% 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 Priority Credit Union has shown is poor.
Capitalization
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 Priority Credit Union has $113.53 million in assets with $18.4 million in equity, resulting in a capitalization level of 16.21%, which is excellent.