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Firstlight Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.51%2-year CD2 Year Changeable CD
1.51%2-year IRA2 Year IRA (Traditional, Roth, CESA)
2.12%5-year CD5 Year CD

Overview / Commentary
915-562-1172
9983 Kenworthy St
El Paso, TX 79924

Firstlight Federal Credit Union is headquartered in El Paso and is the 19th largest credit union in the state of Texas. It is also the 281st largest credit union in the nation. It was established in 1955 and as of September of 2016, it had grown to 342 employees and 108,043 members at 9 locations. Firstlight Federal Credit Union's money market rates are 2X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in Firstlight Federal Credit Union is open to those who live, work, or worship in El Paso County, Doña Ana County or the Fort Bliss community.
See current membership details

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Reviews (2)

Will Do For Now

Posted by: sanchlis | May 24, 2011

I really haven't had much luck with banks so I tried First Light. My experiences were positive at first but some problems arose here and there. First they talked me into signing up for overdraft protection that would take money out of your savings if your checking account was overdrawn. This seemed like a good opportunity especially since some of the companies we deal with take out automatic withdrawals each month but at somewhat random times. We live paycheck to paycheck so I was more than happy to sign up for it and insure I didn't rack up fees we couldn't afford. If you were overdrawn on your account it would cost you nearly $30 in overdrawn fees. This was very helpful, or at least I thought it would be, until the first time they had to take out from my savings account to cover the shortage. They still charged nearly $20 overdrawn fee for every time I was short despite their overdraft protection. I went back into the bank and asked to speak with a representative and they explained to me that I had it all wrong, that I was told wrong and then explained to me their current policy. What they were now telling me was that I'd rack up fees with the overdraft protection so my best bet was to have them not let the payment go through electronically if the money wasn't in the account. I signed some paperwork and I thought the issue was resolved until of course we were short and low and behold I began racking up $30 fees again. I went back to the credit union and again I was told I was misunderstanding what their policy was, again, despite that this time I had a brochure they had handed me. So my moral of the story is that no matter what they tell you, protected or not, you're still going to be charged. On a positive note, they do however give me no trouble about cashing third party checks, my husband's paychecks without his presence, and have returned some of those horrible fees they deducted. They have pretty good service. The tellers are friendly and compared to my past experiences with Bank of America, I'm happy to deal with the whole overdraft hassle.

Lesson Learned.

Posted by: Maiden | Nov 21, 2011

They gave us every reason to expect great service. What a disappointment. We opened a savings and checking with them in order to have a local bank so that we could access someone in person if needed. Thank goodness we didn't close our other bank's account. From the start we had problems. Tellers would not pay close attention when we asked for cash back from deposits, which account to make deposits into, etcetera. Getting help over the phone was pure insanity and the problems never ever got fixed. Their website and online banking...don't even get us started, let's just say you'd think that the internet was a new thing for Firstlight. What a mess of a "credit union."



Health
A

Health Grade Components

Overall
NCUA #10174
Year Chartered1955
Employees342
Primary Regulator
Profit Margin
Return on Assets - YTD0.45%
Return on Equity - YTD5.36%
Annual Interest Income$28.4MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$965.5MM$887.6MM
LoansQ3 2016vs Q3 2015$822.3MM$718.5MM
DepositsQ3 2016vs Q3 2015$871.0MM$793.6MM
Equity CapitalQ3 2016vs Q3 2015$81.6MM$77.0MM
Loan Loss AllowanceQ3 2016vs Q3 2015$6.5MM$5.6MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$5.9MM$6.6MM
Real Estate OwnedQ3 2016vs Q3 2015$397.00K$844.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Firstlight Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Savings
0.25%--Cha Ching
0.25%--Youth Share Savings
0.25%--Dollar Dog
0.25%--The Edge
0.15%$100-Share Savings
0.15%$100-Business Share Savings

Firstlight Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$500k*-Business Money Market
OTHER TIERS: 0.15% Up to $2,500 | 0.35% $2,500 - $10k | 0.40% $10k - $25k | 0.50% $25k - $50k | 0.55% $50k - $100k | 0.70% $100k - $250k | 0.80% $250k - $500k
1.00%*$500k*-Money Market
OTHER TIERS: 0.15% Up to $2,500 | 0.35% $2,500 - $10k | 0.40% $10k - $25k | 0.50% $25k - $50k | 0.55% $50k - $100k | 0.70% $100k - $250k | 0.80% $250k - $500k

Firstlight Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$5k*-Simply More
OTHER TIERS: 0.03% $2,500 - $5k
0.05%$7,500-Business Premier

Firstlight Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%*$50k*-5 Year Business CD
OTHER TIERS: 2.02% $500 - $25k | 2.07% $25k - $50k
2.12%*$50k*-5 Year CD
OTHER TIERS: 2.02% $500 - $25k | 2.07% $25k - $50k
1.71%*$50k*-4 Year Business CD
OTHER TIERS: 1.56% $500 - $25k | 1.61% $25k - $50k
1.71%*$50k*-4 Year CD
OTHER TIERS: 1.56% $500 - $25k | 1.61% $25k - $50k
1.66%*$50k*-3 Year Business CD
OTHER TIERS: 1.52% $500 - $25k | 1.57% $25k - $50k
1.66%*$50k*-3 Year CD
OTHER TIERS: 1.52% $500 - $25k | 1.57% $25k - $50k
1.51%*$100k*-2 Year Business CD
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.46% $50k - $100k
1.51%*$100k*-2 Year CD
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.46% $50k - $100k
1.51%*$100k*-2 Year Changeable Business CD
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.46% $50k - $100k
1.51%*$100k*-2 Year Changeable CD
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.46% $50k - $100k
1.31%*$100k*-18 Month CD
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.26% $50k - $100k
1.16%*$100k*-1 Year Business CD
OTHER TIERS: 0.85% $500 - $25k | 1.00% $25k - $50k | 1.11% $50k - $100k
1.16%*$100k*-1 Year CD
OTHER TIERS: 0.85% $500 - $25k | 1.00% $25k - $50k | 1.11% $50k - $100k
1.01%--3 Year Dream Builder CD
0.75%*$100k*-6 Month Business CD
OTHER TIERS: 0.60% $500 - $25k | 0.65% $25k - $50k | 0.70% $50k - $100k
0.75%*$100k*-6 Month CD
OTHER TIERS: 0.60% $500 - $25k | 0.65% $25k - $50k | 0.70% $50k - $100k
0.65%--2 Year Dream Builder CD
0.60%*$100k*-91 Day Business CD
OTHER TIERS: 0.45% $500 - $25k | 0.50% $25k - $50k | 0.55% $50k - $100k
0.60%*$100k*-91 Day CD
OTHER TIERS: 0.45% $500 - $25k | 0.50% $25k - $50k | 0.55% $50k - $100k
0.35%--1 Year Dream Builder CD

Firstlight Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.12%*$50k*-5 Year IRA
OTHER TIERS: 2.02% $500 - $25k | 2.07% $25k - $50k
1.71%*$50k*-4 Year IRA
OTHER TIERS: 1.56% $500 - $25k | 1.61% $25k - $50k
1.66%*$50k*-3 Year IRA
OTHER TIERS: 1.52% $500 - $25k | 1.57% $25k - $50k
1.51%*$100k*-2 Year IRA
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.46% $50k - $100k
1.51%*$100k*-2 Year Changeable IRA
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.46% $50k - $100k
1.31%*$100k*-18 Month IRA
OTHER TIERS: 1.16% $500 - $25k | 1.21% $25k - $50k | 1.26% $50k - $100k
1.16%*$100k*-1 Year IRA
OTHER TIERS: 0.85% $500 - $25k | 1.00% $25k - $50k | 1.11% $50k - $100k
0.75%*$100k*-6 Month IRA
OTHER TIERS: 0.60% $500 - $25k | 0.65% $25k - $50k | 0.70% $50k - $100k
0.60%*$100k*-91 Day IRA
OTHER TIERS: 0.45% $500 - $25k | 0.50% $25k - $50k | 0.55% $50k - $100k
Locations


Firstlight Federal Credit Union Locations
Branch Office300 E Foster RdLas Cruces, NM 88005
Branch Office3105 Del Rey BlvdLas Cruces, NM 88012
Branch Office3791 E Lohman AveLas Cruces, NM 88011
Branch Office20727 Constitution AveFort Bliss, TX 79918-8060
Branch Office5050 N Desert BlvdEl Paso, TX 79912
Branch Office9983 Kenworthy StEl Paso, TX 79924
Branch Office9993 Kenworthy StEl Paso, TX 79924
Branch Office1555 N Lee Trevino DrEl Paso, TX 79936
Branch Office5005 N Piedras StEl Paso, TX 79920