First Peoples Community Federal Credit Union

Overview / Commentary
153 Baltimore St
Cumberland, MD 21502

First Peoples Community Federal Credit Union is headquartered in CUMBERLAND and is the 15th largest credit union in the state of Maryland. It is also the 666th largest credit union in the nation. It was established in 1959 and as of March of 2024, it had grown to 142 employees and 33,448 members at 20 locations. First Peoples Community Federal Credit Union's savings rates are 5X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in First Peoples Community Federal Credit Union is open to those who live, work, worship, or attend school in Allegany, Garrett, or Washington Counties, Maryland; Bedford, Fulton, or Somerset Counties, Pennsylvania; or Hampshire, Mineral, or Morgan Counties, West Virginia.
See current membership details

Reviews (2)

Very satisfied so far

Posted by: |

First People's has become my new credit union after they bought out the one I was using before. They handled the transfer of accounts very well, with mailers welcoming me as a new customer. I've had some questions about the takeover and every time I call they've been able to answer my questions and any concerns I've had. Their online banking interface works very well and I've been quite happy with the number of branches available to me and their ATM services, which I mainly use after hours. I haven't needed to open a loan or use any other financial instrument but both my checking account and savings accounts transferred from my old credit union with no issues and other people who use First People's have told me that being a member helps when looking at loans.

In-Branch Visit Required To Open Account

Posted by: |

The credit union's website says membership is limited to people who have a connection to certain areas of Maryland, Pennsylvania, or West Virginia; alternately, someone "can join our nonprofit partner association (Planting Roots Foundation) and immediately qualify!" Unfortunately, the website fails to mention that joining the credit union requires an in-person visit to a branch within that small tri-state area.

I spoke on the phone with two customer service representatives. Neither was familiar with the Planting Roots Foundation alternative, but they both knew that joining the credit union required a branch visit.


Health Grade Components

NCUA #13345
Year Chartered1959
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.04%
Annual Interest Income$6.2MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$601.8MM$579.3MM
LoansQ1 2024vs Q1 2023$449.9MM$405MM
DepositsQ1 2024vs Q1 2023$520.3MM$510.5MM
Equity CapitalQ1 2024vs Q1 2023$67.8MM$58.2MM
Loan Loss AllowanceQ1 2024vs Q1 2023$5.6MM$5.3MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$1.3MM$1.1MM
Real Estate OwnedQ1 2024vs Q1 2023$80K$0
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Always verify rates and promotions with the bank or credit union. We are not First Peoples Community Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

First Peoples Community Federal Credit Union Savings Account Rates

2.50%*$250k*-Thrift Savings Account
OTHER TIERS: 0.10% $100 - $500 | 0.75% $500 - $5k | 1.50% $5k - $25k | 1.75% $25k - $75k | 2.00% $75k - $150k | 2.25% $150k - $250k
1.25%$5-Star Savers
1.25%$5-Teen Savers
1.00%$100-Payroll Holiday Account
0.65%$100-IRA Shares
0.10%$100-Regular Shares
0.10%$100-Club Shares
0.10%$100-Secondary Shares
0.10%$100-Christmas Club Shares
0.10%$100-Business Share

First Peoples Community Federal Credit Union Money Market Rates

1.80%*$250k*-Money Market Deposit Account
OTHER TIERS: 0.10% $100 - $1k | 0.50% $1k - $10k | 0.60% $10k - $25k | 0.80% $25k - $50k | 1.00% $50k - $100k | 1.35% $100k - $250k

First Peoples Community Federal Credit Union Checking Account Rates

2.00%*$0$25keFirst Checking - Qualifying
OTHER TIERS: 0.10% $25k+
1.10%$100-Non-Profit Checking

First Peoples Community Federal Credit Union CD Rates

4.50%$500-6 Month Share Certificate
4.50%$500-6 Month HSA Share Certificate
4.25%$500-12 Month Share Certificate
4.25%$500-12 Month HSA Share Certificate
4.00%$500-72 Month Share Certificate
4.00%$500-18 Month Share Certificate
4.00%$500-18 Month HSA Share Certificate
4.00%$500-72 Month HSA Share Certificate
3.75%$500-24 Month Share Certificate
3.75%$500-60 Month Share Certificate
3.75%$500-24 Month HSA Share Certificate
3.75%$500-60 Month HSA Share Certificate
3.50%$500-48 Month Share Certificate
3.50%$500-48 Month HSA Share Certificate
3.25%$500-36 Month Share Certificate
3.25%$500-36 Month HSA Share Certificate
1.00%$500-91 Day Share Certificate
1.00%$500-91 Day HSA Share Certificate

First Peoples Community Federal Credit Union IRA Rates

4.25%$500-12 Month IRA Share Certificate
4.00%$500-18 Month IRA Share Certificate
4.00%$500-72 Month IRA Share Certificate
3.75%$500-24 Month IRA Share Certificate
3.75%$500-60 Month IRA Share Certificate
3.50%$500-48 Month IRA Share Certificate
3.25%$500-36 Month IRA Share Certificate


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