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Overview / Commentary
832-688-1000
9621 W Sam Houston PKWY N
Houston, TX 77064

First Service CU (TX) is headquartered in Houston and is the 38th largest credit union in the state of Texas. It is also the 443rd largest credit union in the nation. It was established in 1977 and as of March of 2014, it had grown to 129 employees and 49,298 members. First Service CU (TX)'s savings rates are 15% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Membership base consists of a diverse field of more than 45,000 members, including residents of Harris and Waller Counties. First Service Credit Union also serves family members and employees of KBR, Halliburton, CenterPoint, Baker Hughes, and over 140 other companies. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

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 Service CU (TX) had $785,000 in non-current loans and owned real-estate with $45.44 million in equity and loan loss allowances on hand to cover it. This gives First Service CU (TX) a Texas Ratio of 1.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Service CU (TX) decreased slightly from 2.12% as of March 31, 2013 to 1.73% as of March 31, 2014, resulting in a positive change of 18.64%.This indicates that the balance sheet and financial strength for First Service CU (TX) has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, First Service CU (TX) has increased its total deposits by $129.52 million, resulting in 39.47% 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 Service CU (TX) has shown is excellent.

Capitalization

GRADE:
C

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 Service CU (TX) has $512.5 million in assets with $45.44 million in equity, resulting in a capitalization level of 8.87%, which is average.

Institution Statistics

Overall
NCUA #68605
Year Chartered1977
Employees129
Primary Regulator
Assets and Liabilities
Assets$512.51 million
Loans$299.18 million
Deposits$457.69 million
Equity Capital$43.80 million
Loan Loss Allowance$1.63 million
Unbacked Noncurrent Loans$785,000
Real Estate Owned$0
Historic Data - March 2013
Assets$365.66 million
Equity Capital$30.11 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$785,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.21%
Return on Assets0.75%
Return on Equity8.78%
Interest Income$4.48 million
Rates

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First Service CU (TX) Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$50k-FSCU IRA Share
0.60%$50k-FSCU Roth IRA Share
0.60%$50k-FSCU CESA Share
0.30%--Club Account
0.10%--Health Savings Account
0.05%$100-FSCU Regular Savings
0.05%$100-Youth Savings

First Service CU (TX) Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$100k-Money Market Account

First Service CU (TX) Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$25kRight Rewards Checking - Qualifying
0.01%--Right Rewards Checking - Non Qualifying

First Service CU (TX) CD Rates

DetailsAPYMINMAXPRODUCT
1.45%$1k$50k60 Month Regular Certificate
0.85%$1k$50k48 Month Regular Certificate
0.75%$1k$50k36 Month Regular Certificate
0.65%$1k$50k24 Month Regular Certificate
0.55%$1k$50k18 Month Regular Certificate
0.50%$1k$50k12 Month Regular Certificate
0.50%$100$50m12 Month Smart Growth Certificate
0.30%$1k$50k6 Month Regular Certificate
0.20%$1k$50k3 Month Regular Certificate

First Service CU (TX) IRA Rates

DetailsAPYMINMAXPRODUCT
1.55%$1k$50k60 Month IRA Certificate
1.55%$50k-60 Month Jumbo IRA Certificate
0.95%$1k$50k48 Month IRA Certificate
0.95%$50k-48 Month Jumbo IRA Certificate
0.85%$1k$50k36 Month IRA Certificate
0.85%$50k-36 Month Jumbo IRA Certificate
0.75%$1k-24 Month IRA Certificate
0.75%$1k$50k24 Month Roth IRA Certificate
0.75%$1k$50k24 Month CESA Certificate
0.75%$50k-24 Month Jumbo IRA Certificate
0.65%$1k$50k18 Month IRA Certificate
0.65%$50k-18 Month Jumbo IRA Certificate
0.60%$1k$50k12 Month IRA Certificate
0.60%$50k-12 Month Jumbo IRA Certificate
0.40%$1k$50k6 Month IRA Certificate
0.40%$50k-6 Month Jumbo IRA Certificate
0.30%$1k$50k3 Month IRA Certificate
0.30%$50k-3 Month Jumbo IRA Certificate
Locations

First Service CU (TX) has 13 locations. Click to view all First Service CU (TX) locations.