First Priority FCU

3570 US Route 60 E
Huntington, WV 25704
(800) 253-4708
www.firstpriorityfcu.org

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First Priority FCU is headquartered in Huntington and is the 15^st largest credit union in the state of West Virginia. It is also the 2,199^th largest credit union in the nation. It was established in 1925 and as of December of 2012, it had grown to 23 employees and 10,982 members. First Priority FCU's savings rates are 2X the national average, and it has a 4-star health rating.

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....

3.00% 9-Month CD & 4.25% 60-Month CD at First Priority Credit Union in MA - 2/25/2009

Update 6/27/09: The special 18-month CD rate has fallen to 2.50% APY.Update 6/06/09: The 12-month CD rate has fallen to 2.00% APY. There's now a special 18-month CD with a rate of 3.00% APY. Please check the credit union's website for the latest...

2009

1/27 - 4.00% 5-Month CD, 3.50% 9-Month CD & Other High CD Rates at First Priority Credit Union in MA

2008

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

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

First Priority FCU Checking Account Rates

	Apy	Min	Max	Product
	0.00%	-	-	Share Draft Account

First Priority FCU Savings Account Rates

Apy	Min	Max	Product
1.15%	-	-	IRA Share Savings Account
1.15%	-	-	Roth IRA Share Savings Account
1.00%	-	-	Christmas Club Account
1.00%	-	-	Vacation Club Account
0.25%	$10k	-	Share Builder Savings Account

First Priority FCU Money Market Rates

	Apy	Min	Max	Product
	0.55%	$25k	-	Money Market Account

First Priority FCU CD Rates

Apy	Min	Max	Product
1.25%	$5k	-	36 Month Compounded Share Certificate
1.24%	$5k	-	36 Month Non-Compounded Share Certificate
1.00%	$5k	-	24 Month Non-Compounded Share Certificate
1.00%	$5k	-	24 Month Compounded Share Certificate
0.70%	$5k	-	12 Month Non-Compounded Share Certificate
0.70%	$5k	-	12 Month Compounded Share Certificate
0.55%	$5k	-	6 Month Non-Compounded Share Certificate
0.55%	$5k	-	6 Month Compounded Share Certificate

Rates updated: 5/25/2013

Data for Q4 2012

Institution Statistics

FIRST PRIORITY
NCUA #	24649
BankRate Report	View
Year Chartered	1925
Employees	23
Primary Regulator
Assets and Liabilities
Assets	$53.22 million
Loans	$29.50 million
Deposits	$47.63 million
Equity Capital	$5.36 million
Loan Loss Allowance	$1.20 million
Unbacked Noncurrent Loans	$415,000
Real Estate Owned	$316,000
Historic Data - December 2011
Assets	$52.34 million
Equity Capital	$5.08 million
Loan Loss Allowance	$1.22 million
Unbacked Noncurrent Loans	$323,000
Real Estate Owned	$498,000
Profit Margin - Quarterly
Net Interest Margin	6.87%
Return on Assets	0.52%
Return on Equity	5.15%
Interest Income	$2.32 million
Non-Interest Income	$1.00 million

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 FCU had $731,000 in non-current loans and owned real-estate with $6.56 million in equity and loan loss allowances on hand to cover it. This gives First Priority FCU a Texas Ratio of 11.14% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for First Priority FCU held steady from 13.03% as of December 31, 2011 to 11.14% as of December 31, 2012, resulting in a positive change of 14.45%.This indicates that the balance sheet and financial strength for First Priority FCU has held steady in recent periods.
Deposit Growth
In the past year, First Priority FCU has increased its total deposits by $563,000, resulting in 1.2% 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 FCU has shown is above average.
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 FCU has $53.22 million in assets with $6.56 million in equity, resulting in a capitalization level of 12.32%, which is excellent.