1St University Credit Union

Overview / Commentary
24 La Salle Ave Unit C
Waco, TX 76706

1St University Credit Union is headquartered in Waco and is the 319th largest credit union in the state of Texas. It is also the 3,890th largest credit union in the nation. It was established in 1956 and as of December of 2019, it had grown to 7 employees and 1,635 members at 2 locations. 1St University Credit Union's money market rates are 14% higher than the national average, but it has a C health rating.

Field of Membership Restrictions

Membership is open to employees and students of Baylor University, members of the Baylor Alumni Association, those who live or work on any Baylor-owned property, employees of Follet, Crothall Morrison, Waco Construction, Aramark, or those who live or work in a strictly defined geographic area within Waco.
See current membership details

Reviews (1)

Very Disorganized; Too Many Fees

Posted by: |

We joined this credit union when we first moved to Waco.  They've always been a little slow, and a little disorganized, but they were friendly.  When we were buying a house a year ago, we went to them first for our mortgage, thinking it would be best do deal with someone local and who we already knew.  It took them forever to get anything done.  They lost our paperwork twice.  They couldn't even manage to make copies of our documents in less than three days.  It was impossible to make contact with anyone by phone, and if you go in (even if you have an appointment), you'll end up waiting a minimum of 20 minutes.  In the end, their rates were higher, the amount was lower, and we'd just plain lost a ton of confidence in their ability to get anything done.  We did not use them for our mortgage.  Now, they've added fees for everything in their checking accounts, a minimum balance and even less service.  It's a shame, because the tellers there are nice, friendly people.  But the level of service is poor and we're tired of being nickled and dimed to death.  So, we're off to a big bank!  

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. 1St University Credit Union has a low asset base.

Health Grade Components

NCUA #67483
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD0.04%
Return on Equity - YTD0.58%
Annual Interest Income$459.00K
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$11.3MM$12.0MM
LoansQ4 2019vs Q4 2018$7.4MM$8.0MM
DepositsQ4 2019vs Q4 2018$10.4MM$11.1MM
Equity CapitalQ4 2019vs Q4 2018$867.00K$861.00K
Loan Loss AllowanceQ4 2019vs Q4 2018$46.00K$47.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$78.00K$48.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

1St University Credit Union Savings Account Rates

0.10%*$5k*-Share/Regular Savings
OTHER TIERS: 0.00% $100 - $5k

1St University Credit Union Money Market Rates

0.50%*$40k*-Money Market Fund
OTHER TIERS: 0.00% $1.5k - $5k | 0.10% $5k - $40k

1St University Credit Union CD Rates

1.25%$10k-18 Months CD
1.25%$10k-24 Months CD
1.25%$10k-36 Months CD
1.00%$10k-6 Months CD
1.00%$10k-12 Months CD

1St University Credit Union Locations
Branch Office24 La Salle Ave unit CWaco, TX 76706
Corporate Office2100 River StWaco, TX 76706-1642

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