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
Very Disorganized; Too Many Fees
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!
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67483 |
| Year Chartered | 1956 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.04% |
| Return on Equity - YTD | 0.58% |
| Annual Interest Income | $459.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $11.3MM$12.0MM |
| Loans | Q4 2019vs Q4 2018 | $7.4MM$8.0MM |
| Deposits | Q4 2019vs Q4 2018 | $10.4MM$11.1MM |
| Equity Capital | Q4 2019vs Q4 2018 | $867.00K$861.00K |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $46.00K$47.00K |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $78.00K$48.00K |
| Real Estate Owned | Q4 2019vs Q4 2018 | $0$0 |