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.
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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.
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.
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.
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.
|Assets and Liabilities|
|Equity Capital||$12.35 million|
|Loan Loss Allowance||$438,000|
|Unbacked Noncurrent Loans||$100,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|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 Margin||4.34%|
|Return on Assets||0.36%|
|Return on Equity||3.91%|
|Interest Income||$3.97 million|
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|0.25%||$50||-||Regular Share Savings|
|0.25%||$50||-||IRA Share Savings Account|
|0.25%||-||-||First Choice Checking|
|1.30%||$1k||-||60 Month Share Certificate|
|1.00%||$1k||-||48 Month Share Certificate|
|0.81%||$500||-||24 Month Variable Share Certificate|
|0.81%||$500||-||36 Month Variable Share Certificate|
|0.70%||$1k||-||36 Month Share Certificate|
|0.50%||$1k||-||24 Month Jump Share Certificate|
|0.30%||$1k||-||15 Month Share Certificate|
|0.20%||$1k||-||12 Month Share Certificate|
|0.05%||$1k||-||3 Month Share Certificate|
|0.05%||$1k||-||6 Month Share Certificate|
|1.30%||$1k||-||60 Month IRA Certificate|
|1.00%||$1k||-||48 Month IRA Certificate|
|0.81%||$500||-||24 Month Variable IRA Certificate|
|0.81%||$500||-||36 Month Variable IRA Certificate|
|0.70%||$1k||-||36 Month IRA Certificate|
|0.50%||$1k||-||24 Month Jump IRA Certificate|
|0.30%||$1k||-||15 Month IRA Certificate|
|0.20%||$1k||-||12 Month IRA Certificate|
|0.05%||$1k||-||3 Month IRA Certificate|
|0.05%||$1k||-||6 Month IRA Certificate|
|First Service Credit Union Locations|
|Branch Office||7610 E Main St||Reynoldsburg, OH 43068-7264|
|Branch Office||100 Main St||Groveport, OH 43125-1198|
|Branch Office||255 E Main St||Columbus, OH 43215-5222|
|Branch Office||1660 Holt Rd||Columbus, OH 43228-3649|
|Branch Office||2164 Hilliard Rome Rd||Hilliard, OH 43026|