First Castle Federal Credit Union

Overview / Commentary
100 Cherokee Rose Ln
Covington, LA 70433

First Castle Federal Credit Union is headquartered in Covington and is the 34th largest credit union in the state of Louisiana. It is also the 2,013th largest credit union in the nation. It was established in 1934 and as of December of 2019, it had grown to 17 employees and 5,928 members at 3 locations. First Castle Federal Credit Union's money market rates are 25% higher than the national average, but it has a C- health rating.

Field of Membership Restrictions

Membership in First Castle Federal Credit Union is open to those who live, work, worship or volunteer in St. Tammany Parish. Membership is also open to all USACE New Orleans District full and part time employees (must have a Corps ID) who do work in or for St. Tammany Parish.
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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. First Castle Federal Credit Union has a relatively low asset base.

Health Grade Components

Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD-0.28%
Return on Equity - YTD-3.83%
Annual Interest Income$3.0MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$68.3MM$72.6MM
LoansQ4 2019vs Q4 2018$55.0MM$59.5MM
DepositsQ4 2019vs Q4 2018$62.2MM$64.3MM
Equity CapitalQ4 2019vs Q4 2018$5.2MM$5.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$375.00K$464.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.5MM$639.00K
Real Estate OwnedQ4 2019vs Q4 2018$438.00K$192.00K
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Always verify rates and promotions with the bank or credit union. We are not First Castle Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Castle Federal Credit Union Savings Account Rates

1.01%*-$10kKasasa Saver
OTHER TIERS: 0.50% $10k+
0.89%--IRA Share
0.55%*$20k*-Share Savings
OTHER TIERS: 0.40% $100 - $20k
0.50%--Castle Kids Club
0.25%$5-Christmas Club
0.25%$5-Vacation Club
0.25%$5-Holiday Club
0.05%--Mortgage Escrow

First Castle Federal Credit Union Money Market Rates

0.55%*$50k*-Money Market Account
OTHER TIERS: 0.25% $2k - $10k | 0.35% $10k - $25k | 0.45% $25k - $50k

First Castle Federal Credit Union Checking Account Rates

4.25%*-$10kKasasa Cash
OTHER TIERS: 0.50% $10k+

First Castle Federal Credit Union CD Rates

1.13%$500-5 Year Share Certificate
1.08%$500-4 Year Share Certificate
0.91%$500-3 Year Share Certificate
0.80%$500-2 Year Share Certificate
0.65%$500-1 Year Share Certificate
0.45%$500-6 Month Share Certificate

First Castle Federal Credit Union IRA Rates

1.32%$500-5 Year IRA Share Certificate
1.27%$500-4 Year IRA Share Certificate
1.11%$500-3 Year IRA Share Certificate
1.01%$500-2 Year IRA Share Certificate
0.85%$500-1 Year IRA Share Certificate
0.65%$500-6 Month IRA Share Certificate

First Castle Federal Credit Union Locations
Branch Office100 Cherokee Rose LnCovington, LA 70433-7149
Branch Office7400 Leake AveNew Orleans, LA 70118
Branch Office2175 Gause Blvd ESlidell, LA 70461-4229

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