First Class Federal Credit Union
Overview / Commentary
First Class Federal Credit Union is headquartered in Allentown and is the 152nd largest credit union in the state of Pennsylvania. It is also the 2,940th largest credit union in the nation. It was established in 1934 and as of June of 2016, it had grown to 7 employees and 2,700 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 Q2 2016
Learn more about bank healthAdditional 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 | 0.91% |
| Return on Equity - YTD | 5.53% |
| Annual Interest Income | $474.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $29.3MM$28.5MM |
| Loans | Q2 2016vs Q2 2015 | $19.6MM$19.1MM |
| Deposits | Q2 2016vs Q2 2015 | $24.5MM$23.8MM |
| Equity Capital | Q2 2016vs Q2 2015 | $4.8MM$4.6MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $71.00K$53.00K |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $63.00K$68.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Rates
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First Class Federal Credit Union Savings Account Rates
Locations
| First Class Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 650 S. Greenwood Avenue | Easton, PA 18042 |
| Branch Office | 510 Business Park Ln | Allentown, PA 18109 |