First Class Federal Credit Union

Overview / Commentary
510 Business Park Ln
Allentown, PA 18109

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 2,824th largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 6 employees and 2,328 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.
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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 Class Federal Credit Union has a low asset base.

Health Grade Components

NCUA #62
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD3.65%
Annual Interest Income$485.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$34.3MM$31.9MM
LoansQ2 2020vs Q2 2019$21.6MM$22.0MM
DepositsQ2 2020vs Q2 2019$29.2MM$26.8MM
Equity CapitalQ2 2020vs Q2 2019$5.1MM$5.0MM
Loan Loss AllowanceQ2 2020vs Q2 2019$42.00K$71.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$339.00K$565.00K
Real Estate OwnedQ2 2020vs Q2 2019$130.00K$0
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First Class Federal Credit Union Savings Account Rates

0.70%--IRA Share Account
0.15%$25-Regular Share Savings Account
0.15%$10-Big Bucks Account
0.15%--Christmas Club Account
0.15%--Vacation Club Account
0.15%--Tax Share Account
0.15%--"Other" Share Account
0.15%--Teen Account

First Class Federal Credit Union Locations
Branch Office650 S Greenwood AveEaston, PA 18043-5000
Branch Office510 Business Park LnAllentown, PA 18109

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