First Financial Credit Union (NM)

Overview / Commentary
4910 Union Way Ne
Albuquerque, NM 87107

First Financial Credit Union (NM) is headquartered in Albuquerque and is the 8th largest credit union in the state of New Mexico. It is also the 484th largest credit union in the nation. It was established in 1937 and as of September of 2023, it had grown to 252 employees and 91,707 members at 16 locations. First Financial Credit Union (NM)'s CD rates are 5X the national average, and it has a B health rating.

Field of Membership Restrictions

First Financial Credit Union offers membership to anyone who lives or works anywhere in New Mexico.
See current membership details

Reviews (2)

The Best Credit Union I have Ever Used

Going to this credit union was always a pleasure for me. Their savings accounts require a minimum amount of money that has to stay in the savings account or you get a fee against you. As long as you keep enough money in your savings account, you should have protection (depending on account status) that allows you to be safe from withdrawing too much money like if you spend too much in the grocery store and there isn't enough money in your checking account then the rest of the money will come out of the savings account. That is probably standard elsewhere, but it makes me feel safer if that ever happens to me. The credit union doesn't require you to keep a certain amount of money in your checking account, but depending on how much you spend and how you spend it there are different types of bonuses you can get. A major bonus from keeping money flowing into your account is the interest that builds monthly. I also appreciate that the credit union protects you fully when your card is used outside of where you normally use it. If they see charges that are out of state they will immediately call you and stop your account from getting money taken out of it. Another plus of going to this credit union is the free life insurance they give you. You have the option of having more life insurance which is paid directly out of your checking out. The final thing I enjoy is the IRA options that are given to users. You are allowed to deposit up to $5000 into your IRA, which can possibly be considered a tax deductible depending on how it is handled. All in all First Financial is really great when it comes to their IRAs, checking accounts, and savings accounts.

So-so bank beats big bank

Although this bank is not the very best, it is leaps and bounds beyond my previous big bank. Any problems that I have with my accounts are solved within minutes to hours vs days and weeks with a big bank. However, despite these quick resolutions, problems are quite numerous at this bank. For example, I am frequently questioned by the tellers as to whether or not I have deposited my payroll checks at their bank before. These large amounts always prompt the tellers to enter this routine questioning despite having me as a customer there for several years. I thought one of the benefits of joining a small credit union was more personalized service! Another concern I have with this bank is their backlog and investigation process. Several times I have requested statements from several months ago, or requested specific deposit amounts (e.g., how many checks made up this $2000 deposit and in which amounts?) and they always tell me they will look into. Of course, I never received a call back on these occasions. This bank has their problems but I still would never go back to a big bank!


Health Grade Components

NCUA #68244
Year Chartered1937
Primary Regulator
Profit Margin
Return on Assets - YTD0.86%
Return on Equity - YTD12.09%
Annual Interest Income$28.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$885.1MM$877.7MM
LoansQ3 2023vs Q3 2022$671MM$648.4MM
DepositsQ3 2023vs Q3 2022$793.2MM$801.4MM
Equity CapitalQ3 2023vs Q3 2022$63.1MM$55.3MM
Loan Loss AllowanceQ3 2023vs Q3 2022$3.7MM$3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$4.6MM$3.8MM
Real Estate OwnedQ3 2023vs Q3 2022$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 Financial Credit Union (NM) Savings Account Rates

0.70%--IDA Savings Account
0.45%--Vacation Club Account
0.45%--IRA Savings Account
0.35%$5-Primary Savings Account
0.35%--Christmas Club Account
0.35%$5-Kirby Kids Savings Account
0.15%--Secondary Savings Account
0.15%--Special Savings Account

First Financial Credit Union (NM) Money Market Rates

2.02%*$50k*-Money Market Account
OTHER TIERS: 1.51% $25 - $2.5k | 1.76% $2.5k - $50k

First Financial Credit Union (NM) Checking Account Rates

5.05%*-$7.5kKasasa Cash
OTHER TIERS: 0.92% $7.5k+

First Financial Credit Union (NM) CD Rates

4.59%$25k-12 Month Jumbo CD
4.49%$1k-12 Month CD
4.49%$250-12 Month 1st CD
4.49%$500-12 Month Kirby Kid CD
4.18%$25k-6 Month Jumbo CD
4.18%$25k-18 Month Jumbo CD
4.07%$1k-6 Month CD
4.07%$1k-18 Month CD
4.07%$250-6 Month 1st CD
4.07%$250-18 Month 1st CD
4.07%$500-6 Month Kirby Kid CD
4.07%$500-18 Month Kirby Kid CD
3.66%$25k-24 Month Jumbo CD
3.56%$1k-24 Month CD
3.56%$25k-30 Month Jumbo CD
3.56%$250-24 Month 1st CD
3.56%$500-24 Month Kirby Kid CD
3.45%$1k-30 Month CD
3.45%$25k-36 Month Jumbo CD
3.45%$250-30 Month 1st CD
3.45%$500-30 Month Kirby Kid CD
3.35%$1k-36 Month CD
3.35%$250-36 Month 1st CD
3.35%$500-36 Month Kirby Kid CD
3.14%$25k-48 Month Jumbo CD
3.14%$25k-60 Month Jumbo CD
3.04%$1k-48 Month CD
3.04%$1k-60 Month CD
3.04%$250-48 Month 1st CD
3.04%$250-60 Month 1st CD
3.04%$500-48 Month Kirby Kid CD
3.04%$500-60 Month Kirby Kid CD
1.87%$25k-3 Month Jumbo CD
1.76%$1k-3 Month CD
1.76%$250-3 Month 1st CD
1.76%$500-3 Month Kirby Kid CD

First Financial Credit Union (NM) IRA Rates

4.59%$25k-12 Month Jumbo IRA Certificate
4.49%$500-12 Month IRA Certificate
4.18%$25k-6 Month Jumbo IRA Certificate
4.18%$25k-18 Month Jumbo IRA Certificate
4.07%$500-6 Month IRA Certificate
4.07%$500-18 Month IRA Certificate
3.66%$25k-24 Month Jumbo IRA Certificate
3.56%$500-24 Month IRA Certificate
3.56%$25k-30 Month Jumbo IRA Certificate
3.45%$500-30 Month IRA Certificate
3.45%$25k-36 Month Jumbo IRA Certificate
3.35%$500-36 Month IRA Certificate
3.14%$25k-48 Month Jumbo IRA Certificate
3.14%$25k-60 Month Jumbo IRA Certificate
3.04%$500-48 Month IRA Certificate
3.04%$500-60 Month IRA Certificate
1.87%$25k-3 Month Jumbo IRA Certificate
1.76%$500-3 Month IRA Certificate


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