First Central Credit Union

Overview / Commentary
6201 Sanger Ave
Waco, TX 76710

First Central Credit Union is headquartered in Waco and is the 133rd largest credit union in the state of Texas. It is also the 1,660th largest credit union in the nation. It was established in 1937 and as of December of 2019, it had grown to 52 employees and 16,691 members at 5 locations. First Central Credit Union's money market rates are 25% higher than the national average, and it has a B+ 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

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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 Central Credit Union has a relatively low asset base.

Health Grade Components

NCUA #67644
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD2.15%
Return on Equity - YTD13.98%
Annual Interest Income$4.8MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$96.9MM$87.9MM
LoansQ4 2019vs Q4 2018$56.3MM$55.2MM
DepositsQ4 2019vs Q4 2018$80.5MM$74.1MM
Equity CapitalQ4 2019vs Q4 2018$14.7MM$12.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.1MM$848.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.7MM$1.2MM
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.

First Central Credit Union Savings Account Rates

0.45%-$10kKasasa Saver
0.40%--IRA Savings Account
0.20%$100-Regular Share Account
0.20%$100-Dream Savings
0.20%$100-Dream Club

First Central Credit Union Money Market Rates

0.55%*$250k*-Money Market Account
OTHER TIERS: 0.15% Up to $2.5k | 0.35% $2.5k - $25k | 0.40% $25k - $50k | 0.45% $50k - $100k | 0.50% $100k - $250k

First Central Credit Union Checking Account Rates

2.50%-$10kKasasa Cash
0.20%*$15k*-Prestige Draft Accounts
OTHER TIERS: 0.10% $500 - $2.5k | 0.15% $2.5k - $15k
0.10%$500-Super Saver Share Draft Account
0.10%$500-Student Share Draft Account

First Central Credit Union CD Rates

1.05%$1k-3 Year Share Certificate
1.05%$1k-4 Year Share Certificate
0.90%$1k-2 Year Share Certificate
0.70%$1k-1 Year Share Certificate
0.30%$1k-6 Month Share Certificate

First Central Credit Union IRA Rates

1.05%$1k-3 Year IRA Share Certificate
1.05%$1k-4 Year IRA Share Certificate
0.90%$1k-2 Year IRA Share Certificate
0.70%$1k-1 Year IRA Share Certificate
0.30%$1k-6 Month IRA Share Certificate

First Central Credit Union Locations
Branch Office305 Coke AveHillsboro, TX 76645
Branch Office1602 Austin AveBrownwood, TX 76801-3653
Branch Office6201 Sanger AveWaco, TX 76710
Branch Office9101 Chapel RdWaco, TX 76712
Branch Office3100 Bellmead DrWaco, TX 76705

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