First Central Credit Union

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CURRENT TOP RATE

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
2.50%	Reward Checking	1.25% - Axos Bank Rewards Checking - 3 Qualifications
0.45%	Reward Savings	0.93% - National Average
1.55%	1-year CD	2.55% - Goldman Sachs Bank USA High-yield 12 Month CD

View all First Central Credit Union rates »

Overview / Commentary

www.firstcentralcu.com

254-776-9333

6201 Sanger Ave
Waco, TX 76710

First Central Credit Union is headquartered in Waco and is the 135^th largest credit union in the state of Texas. It is also the 1,749^th largest credit union in the nation. It was established in 1937 and as of June of 2018, it had grown to 48 employees and 15,175 members at 5 locations. First Central Credit Union's money market rates are 93% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in First Central Credit Union is open to anyone living, worshiping or working in Bosque, Falls, Coryell, San Saba, Mills, Comanche, Eastland, Callahan, Coleman, and McCulloch Counties in Texas through membership in Friends of Consumer Freedom. Membership is also open to those who live, worship or work in Hill and Brown Counties in Texas.
See current membership details

Related Posts

View all posts from:

2014
2012

8/9 - First Central Credit Union RCA increase ($10k, 2.0%APY) to ($10k, 2.50%APY)
7/7 - First Central Credit Union Kasasa RCA (2%APY, $10K) also offers Kasasa Saver

3/13 - Top Mid-Term CD Rates at First Central Credit Union in Texas - Local Only

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Health

A

Data as of Q2 2018

Learn why bank health matters

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 Central Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #	67644
Year Chartered	1937
Employees	48
Primary Regulator

Profit Margin
Return on Assets - YTD	1.9%
Return on Equity - YTD	14.43%
Annual Interest Income	$2.1MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$87.3MM$80.2MM
Loans	Q2 2018vs Q2 2017	$52.1MM$49.2MM
Deposits	Q2 2018vs Q2 2017	$74.4MM$68.6MM
Equity Capital	Q2 2018vs Q2 2017	$11.6MM$10.0MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$682.00K$678.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$815.00K$808.00K
Real Estate Owned	Q2 2018vs Q2 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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

First Central Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.55%	-	-	IRA Savings Account
0.45%	$100	-	Regular Share Account
0.45%	$100	-	Dream Savings
0.45%^*	-	$10k	Kasasa Saver
OTHER TIERS: 0.25% → $10k+
0.45%	$100	-	Dream Club

First Central Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.85%^*	$250k^*	-	Money Market Account
OTHER TIERS: 0.45% → Up to $2.5k \| 0.65% → $2.5k - $25k \| 0.70% → $25k - $50k \| 0.75% → $50k - $100k \| 0.80% → $100k - $250k

First Central Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.50%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.25% → $10k+
0.45%^*	$15k^*	-	Prestige Draft Accounts
OTHER TIERS: 0.35% → $500 - $2.5k \| 0.40% → $2.5k - $15k
0.35%	$500	-	Super Saver Share Draft Account
0.35%	$500	-	Student Share Draft Account

First Central Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%	$1k	-	4 Year Share Certificate
2.00%	$50k	-	30 Month Share Certificate
1.80%	$1k	-	13 Month Share Certificate
1.75%	$1k	-	3 Year Share Certificate
1.60%	$1k	-	2 Year Share Certificate
1.55%	$1k	-	1 Year Share Certificate
0.65%	$1k	-	6 Month Share Certificate

First Central Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.75%	$1k	-	4 Year IRA Share Certificate
1.50%	$1k	-	3 Year IRA Share Certificate
1.35%	$1k	-	2 Year IRA Share Certificate
1.30%	$1k	-	1 Year IRA Share Certificate
0.65%	$1k	-	6 Month IRA Share Certificate

Locations

First Central Credit Union Locations
Branch Office	305 Coke Ave	Hillsboro, TX 76645
Branch Office	1602 Austin Ave	Brownwood, TX 76801-3653
Branch Office	6201 Sanger Ave	Waco, TX 76710
Branch Office	9101 Chapel Rd	Waco, TX 76712
Branch Office	3100 Bellmead Dr	Waco, TX 76705

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