FirstDay Federal Credit Union
FirstDay Federal Credit Union is headquartered in Dayton and is the 68th largest credit union in the state of Ohio. It is also the 1,669th largest credit union in the nation. It was established in 1935 and as of December of 2013, it had grown to 34 employees and 7,547 members. FirstDay Federal Credit Union has a C+ health rating.
Field of Membership Restrictions
Eligible to people who live, work, worship, attend school in, and businesses and other legal entities located in Greene, Miami, Montgomery, or Preble Counties and open an account with a minimum $5 deposit. - See Details
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Data for Q4 2013
Institution Health
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, 2013 FirstDay Federal Credit Union had $684,000 in non-current loans and owned real-estate with $6.7 million in equity and loan loss allowances on hand to cover it. This gives FirstDay Federal Credit Union a Texas Ratio of 10.20% 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 FirstDay Federal Credit Union experienced no significant changes from 9.12% as of December 31, 2012 to 10.20% as of December 31, 2013, resulting in a negative change of 11.93%. This indicates that the balance sheet and financial strength for FirstDay Federal Credit Union has had no significant changes in recent periods.
Deposit Growth
In the past year, FirstDay Federal Credit Union has decreased its total deposits by -$2.85 million, resulting in -3.59% 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 FirstDay Federal Credit Union has shown is below 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. FirstDay Federal Credit Union has $83.92 million in assets with $6.7 million in equity, resulting in a capitalization level of 7.99%, which is below average.
Institution Statistics
| Overall | |
|---|---|
| NCUA # | 362 |
| Year Chartered | 1935 |
| Employees | 34 |
| Primary Regulator |
| Assets and Liabilities | |
|---|---|
| Assets | $83.92 million |
| Loans | $37.41 million |
| Deposits | $76.71 million |
| Equity Capital | $6.26 million |
| Loan Loss Allowance | $445,000 |
| Unbacked Noncurrent Loans | $479,000 |
| Real Estate Owned | $205,000 |
| Historic Data - December 2012 | |
|---|---|
| Assets | $87.68 million |
| Equity Capital | $6.16 million |
| Loan Loss Allowance | $449,000 |
| Unbacked Noncurrent Loans | $479,000 |
| Real Estate Owned | $20,000 |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 5.54% |
| Return on Assets | 0.24% |
| Return on Equity | 3.26% |
| Interest Income | $2.73 million |
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FirstDay Federal Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.08% | $100k | - | IRA Savings | |
| 0.08% | $100k | - | Health Savings Account | |
| 0.05% | - | - | Regular Savings | |
| 0.05% | - | - | Holiday Club |
FirstDay Federal Credit Union Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.08% | $100k | - | Money Market Savings |
FirstDay Federal Credit Union Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | $100 | - | Checking Plus |
FirstDay Federal Credit Union CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.25% | $500 | - | Golden Apple 60 Month CD | |
| 0.96% | $500 | - | Golden Apple 48 Month CD | |
| 0.72% | $500 | - | Golden Apple 36 Month CD | |
| 0.48% | $500 | - | Golden Apple 24 Month CD | |
| 0.39% | $500 | - | Golden Apple 18 Month CD | |
| 0.33% | $500 | - | Golden Apple 12 Month CD | |
| 0.19% | $500 | - | Golden Apple 6 Month CD |
| FirstDay Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 43 E Babbitt St | Dayton, OH 45405 |
| Branch Office | 6595 Brandt Pike | Huber Heights, OH 45424 |
| Branch Office | 5130 Salem Ave | Trotwood, OH 45426 |
| Branch Office | 4125 W Town and Country Rd | Kettering, OH 45429 |
| Branch Office | 1030 N Main St | Dayton, OH 45405 |