Overview / Commentary
First Class Federal Credit Union is headquartered in Allentown and is the 146th largest credit union in the state of Pennsylvania. It is also the 2,831st largest credit union in the nation. It was established in 1934 and as of September of 2019, it had grown to 7 employees and 2,384 members at 2 locations. First Class Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, worship, attend school or work in Lehigh or Northampton Counties, Pennsylvania.
See current membership details
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional 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 Class Federal Credit Union has a low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62 |
| Year Chartered | 1934 |
| Employees | 7 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.75% |
| Return on Equity - YTD | 4.65% |
| Annual Interest Income | $801.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $31.1MM$29.7MM |
| Loans | Q3 2019vs Q3 2018 | $21.3MM$21.8MM |
| Deposits | Q3 2019vs Q3 2018 | $26.0MM$24.7MM |
| Equity Capital | Q3 2019vs Q3 2018 | $5.1MM$5.0MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $71.00K$79.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $270.00K$291.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |