First Service CU (TX)


Overview / Commentary
713-676-7777
16430 Park Ten Pl
Houston, TX 77084

First Service CU (TX) is headquartered in Houston and is the 31st largest credit union in the state of Texas. It is also the 401st largest credit union in the nation. It was established in 1977 and as of December of 2018, it had grown to 186 employees and 61,003 members at 10 locations. First Service CU (TX)'s money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in First Service Credit Union is open to individuals who live, work, worship, or attend school in Fort Bend, Harris, or Waller Counties in Texas. Membership is also open to employees of Halliburton, KBR, NRG, CenterPoint, Kinder Morgan, Baker Hughes and other Select Employer Groups, and to the family of current members.
See current membership details

Related Posts

First Service Credit Union (TX) 48-Month CD Earns Up To 3.25% APY - 8/2/2018

First Service CU (Texas) has raised the rates on its 48-month Certificate, which now earns 3.15% APY ($1k - $49,999), or 3.25% APY ($50k+).

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Reviews (3)

FIRST SERVICE CREDIT UNION

This bank started out good then some things came to light in the past month that sadly is making think of a new bank. to start phone customer service can not do anything, there answer is to always go to a branch. Called them a couple months ago to increase the ATM withdraw limit so i could get a money order to pay rent, and they tell me they cant do that?. they could not increase my daily limit. it took a half hour and two managers to get it done.

Next and heres the one thats making me leave. They have NO fraud department. Got about 300 dollars taken out of my account my someone who got my card info. Called customer service and the answer was to go to a branch and fill out a paper forum likes its 1990. witch they say they send to visa(cause they dont intestate at all on their end) and i might get my money back in a couple of weeks. meanwhile i have 20 dollars for the rest of the week until payday.

One thing i did like about them is they do not put holds on payroll checks if you have the pay stub.

Bad Service

Posted by: chad518 | Jan 2, 2019

I would give them zero star if I could! Their online banking is a joke. Customer service is even worse! They allow you to setup external accounts. But you CANNOT transfer fund to external accounts. You can ONLY transfer from the external accounts to FSCU!. I wanted to transfer my money from FSCU to my external account.But messed up the from and to accounts. So the transfer became from my external account to FSCU. A FSCU associate called me minutes later to confirm the transfer. After I told her I actually wanted to transfer the money out, she told me that I actually scheduled a transfer in. I said please cancel the transfer and she agreed. But this is not the end of the story. On the second day, I found out that they actually draw the money from my external account!!! I called them and asked them why they still draw the fund from my external account after I told them to cancel. They told me once the transfer is scheduled, they cannot cancel it. Can you believe this? They called me minutes after I scheduled the transfer (to confirm) and now they are saying they cannot cancel the it! Why would they call me if they cannot do anything on the transfer!?

Beware FSCU Early Withdrawal Penalty

Posted by: mez | May 23, 2017

FSCU's long term interest rates may be outstanding sometimes but note the outrageous (dare I say "unconscionable?") early withdrawal penalty. FSCU could confiscate years' worth of interest--even taking it out of your principal:

"7. Early Withdrawal Penalty
"We may impose a penalty if you withdraw from your account before the maturity date.
"Amount of Penalty.
"The amount of the penalty is half of the interest that would be earned on the account from the date of withdrawal through the maturity date
"How the Penalty Works.
"The penalty is calculated as a forfeiture of part of the interest that would be earned on the account. If the account has not yet earned enough interest or if the interest has already been paid, the penalty will be deducted from the principal."



Health

Health Grade Components

Overall
NCUA #68605
Year Chartered1977
Employees186
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD8.32%
Annual Interest Income$30.6MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$746.3MM$696.9MM
LoansQ4 2018vs Q4 2017$603.2MM$543.5MM
DepositsQ4 2018vs Q4 2017$605.3MM$598.9MM
Equity CapitalQ4 2018vs Q4 2017$70.6MM$65.4MM
Loan Loss AllowanceQ4 2018vs Q4 2017$6.0MM$7.8MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.2MM$4.2MM
Real Estate OwnedQ4 2018vs Q4 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Service CU (TX); 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.

First Service CU (TX) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$50k*-IRA Share
OTHER TIERS: 0.30% $100 - $50k
0.30%$5-Club Savings Account
0.10%$5-Health Savings Account (HSA)
0.05%$100-Primary Savings Account
0.05%$100-Discovery Youth Savings Account
0.05%$100-Business Savings
0.05%$100-Non Profit Organization Savings

First Service CU (TX) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$250k*-Money Market Account
OTHER TIERS: 0.50% $2.5k - $25k | 0.75% $25k - $50k | 0.85% $50k - $100k | 1.00% $100k - $250k
1.35%*$250k*-Business Money Market Account
OTHER TIERS: 0.50% $2.5k - $25k | 0.75% $25k - $50k | 0.85% $50k - $100k | 1.00% $100k - $250k

First Service CU (TX) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$20kHigh Yield Checking
OTHER TIERS: 0.30% $20k+

First Service CU (TX) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.20%*$50k*-60 Month Certificate
OTHER TIERS: 3.10% $1k - $50k
3.10%*$50k*-48 Month Certificate
OTHER TIERS: 3.00% $1k - $50k
2.95%*$50k*-36 Month Certificate
OTHER TIERS: 2.85% $1k - $50k
2.70%*$50k*-24 Month Certificate
OTHER TIERS: 2.60% $1k - $50k
2.45%*$50k*-18 Month Certificate
OTHER TIERS: 2.35% $1k - $50k
2.30%*$50k*-12 Month Certificate
OTHER TIERS: 2.20% $1k - $50k
1.10%*$50k*-6 Month Certificate
OTHER TIERS: 1.00% $1k - $50k
0.50%$100$50m12 Month Smart Growth Certificate

First Service CU (TX) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.20%$1k-60 Month IRA Certificate
3.10%$1k-48 Month IRA Certificate
2.95%$1k-36 Month IRA Certificate
2.70%$1k-24 Month IRA Certificate
2.45%$1k-18 Month IRA Certificate
2.30%$1k-12 Month IRA Certificate
1.10%$1k-6 Month IRA Certificate
Locations


Cities: Brookshire, Houston, Humble, Katy, Spring, Sugar Land, The Woodlands

Brookshire Branches
Branch Office3923 5th StBrookshire, TX 77423

Houston Branches
Branch Office1001 Louisiana St Ste B-195Houston, TX 77002-5089
Branch Office8980 Clearwood DrHouston, TX 77075
Branch Office9621 W Sam Houston Pkwy NHouston, TX 77064
Corporate Office16430 Park Ten PlHouston, TX 77084-5056

Humble Branches
Branch Office7720 FM 1960 Rd EHumble, TX 77346-2256

Katy Branches
Branch Office23665 Katy FreewayKaty, TX 77494

Spring Branches
Branch Office8640 Spring Cypress RdSpring, TX 77379-3133

Sugar Land Branches
Branch Office13533 University Boulevard Suite 400Sugar Land, TX 77479

The Woodlands Branches
Branch Office9110 Grogans Mill RDThe Woodlands, TX 77380

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