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Overview / Commentary
800-241-4575
100 Main Street
Groveport, OH 43125

First Service Credit Union is headquartered in Groveport and is the 45th largest credit union in the state of Ohio. It is also the 1,218st largest credit union in the nation. It was established in 1956 and as of December of 2013, it had grown to 38 employees and 16,101 members. First Service Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Franklin County. - See Details

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 Service Credit Union had $100,000 in non-current loans and owned real-estate with $12.79 million in equity and loan loss allowances on hand to cover it. This gives First Service Credit Union a Texas Ratio of 0.78% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for First Service Credit Union decreased dramatically from 2.40% as of December 31, 2012 to 0.78% as of December 31, 2013, resulting in a positive change of 67.37%.This indicates that the balance sheet and financial strength for First Service Credit Union has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First Service Credit Union has decreased its total deposits by $-25,000, resulting in -0.02% 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 Credit Union has shown is average.

Capitalization

GRADE:
B

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 Credit Union has $133.29 million in assets with $12.79 million in equity, resulting in a capitalization level of 9.59%, which is above average.

Institution Statistics

Overall
NCUA #11170
Year Chartered1956
Employees38
Primary Regulator
Assets and Liabilities
Assets$133.29 million
Loans$76.40 million
Deposits$116.21 million
Equity Capital$12.35 million
Loan Loss Allowance$438,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$0
Historic Data - December 2012
Assets$134.13 million
Equity Capital$12.13 million
Loan Loss Allowance$428,000
Unbacked Noncurrent Loans$100,000
Real Estate Owned$137,000
Profit Margin - Quarterly
Net Interest Margin4.34%
Return on Assets0.36%
Return on Equity3.91%
Interest Income$3.97 million
Rates

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

First Service Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$50-Regular Share Savings
0.25%$50-IRA Share Savings Account
0.25%$50-Holiday Saver
0.25%--Youth Saver

First Service Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$10k-Money Market

First Service Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--First Choice Checking

First Service Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-60 Month Share Certificate
1.00%$1k-48 Month Share Certificate
0.82%$500-24 Month Variable Share Certificate
0.82%$500-36 Month Variable Share Certificate
0.70%$1k-36 Month Share Certificate
0.50%$1k-24 Month Jump Share Certificate
0.30%$1k-12 Month Share Certificate
0.30%$1k-15 Month Share Certificate
0.05%$1k-3 Month Share Certificate
0.05%$1k-6 Month Share Certificate

First Service Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.30%$1k-60 Month IRA Certificate
1.00%$1k-48 Month IRA Certificate
0.82%$500-24 Month Variable IRA Certificate
0.82%$500-36 Month Variable IRA Certificate
0.70%$1k-36 Month IRA Certificate
0.50%$1k-24 Month Jump IRA Certificate
0.30%$1k-12 Month IRA Certificate
0.30%$1k-15 Month IRA Certificate
0.05%$1k-3 Month IRA Certificate
0.05%$1k-6 Month IRA Certificate
Locations


First Service Credit Union Locations
Branch Office7610 E Main StReynoldsburg, OH 43068-7264
Branch Office100 Main StGroveport, OH 43125-1198
Branch Office255 E Main StColumbus, OH 43215-5222
Branch Office1660 Holt RdColumbus, OH 43228-3649
Branch Office2164 Hilliard Rome RdHilliard, OH 43026