First Community Credit Union is headquartered in Chesterfield and is the largest credit union in the state of Missouri. It is also the 97th largest credit union in the nation. It was established in 1934 and as of September of 2020, it had grown to 569 employees and 345,230 members at 32 locations. First Community Credit Union has an A health rating.
Field of Membership Restrictions
Membership in First Community Credit Union is open to those who live or work in the City of St. Louis; or the Missouri counties of Franklin, Jefferson, St. Charles, St. Louis or Warren; or the Illinois counties of Monroe, Madison, or St. Clair. Immediate family and household members of those eligible, may also join.
See current membership details
Very Competitive
Since this is a Credit Union and not a bank, you know that they wont be trying to squeeze every penny they can out of you for their service. Some banks are starting to have fees as a result of other fees. They are the best brick and mortar place you will find in the St. Louis area. They always have the highest rates on savings/checking accounts and the lowest on loans. My sister works for them, and she said they base their rates off of the best in the St. Louis area. Nationally, they may not be the best, but they are pretty high up there.
Great Credit Union
My husband and I have been with First Community Credit Union for almost 3 years, and love it. The employees are always very friendly inside the bank, and also if you call into customer service. They always have been very helpful with any situation that we may have. We also have a car loan through them, and they were able to complete our car loan application process very fast. We were able to get the car that we wanted and worked for our family. First Community also has a few branches inside the local Wal-Mart Stores, and it is nice to be able to do banking on Saturday and Sunday also when you work normal hours. I would recommend First Community to anyone who was looking for a new bank.
First Community Credit Union is a great alternative to traditional banking.
I joined First Community Credit Union years ago after hearing great things about it and then going to the one near my neighborhood. At the time I was new to St. Louis and had just begun a new job. I was able to arrange to have my salary automatically deposited and was issued checks. I also started a savings account and was able to have a prescribed amount placed in savings with each paycheck. My checking account accrued interest if I kept the balance above $1000. There was an ATM at the Credit Union and at its other branches. The Credit Union did offer other services which were a plus to me but I will say that the pitfalls were lack of ATM's when traveling though proper planning prevented problems.
Online only banks are better...
I still have a savings account with First Community, but I've long since relocated my checking. I've definitely incurred large fees from this credit union before. They've waived a couple in good faith, but then again, that involves a lot of time spent on the phone and effort and of course the luck of the draw regarding the attitude of the representative you get. I'd say that for someone that needs a brick and mortar location that this is still a good CU. On the plus side it is fairly quick to get someone on the phone, and when you do, they're located in a local US call center. So that is nice. For my needs, though, I've found a better fit.
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67619 |
| Year Chartered | 1934 |
| Employees | 569 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.67% |
| Return on Equity - YTD | 8.83% |
| Annual Interest Income | $69.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $3.29B$2.75B |
| Loans | Q3 2020vs Q3 2019 | $1.89B$1.77B |
| Deposits | Q3 2020vs Q3 2019 | $2.87B$2.38B |
| Equity Capital | Q3 2020vs Q3 2019 | $248.0MM$230.6MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $14.3MM$12.6MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $6.4MM$8.0MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $1.9MM$2.3MM |
