Firstlight Federal Credit Union

Overview / Commentary
9983 Kenworthy St
El Paso, TX 79924

Firstlight Federal Credit Union is headquartered in El Paso and is the 21st largest credit union in the state of Texas. It is also the 302nd largest credit union in the nation. It was established in 1955 and as of March of 2024, it had grown to 338 employees and 101,841 members at 11 locations. Firstlight Federal Credit Union's savings rates are 6X the national average, and it has a B+ 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

Reviews (7)

A great local credit union

First Light Credit Union is a great local credit union that feels like it operates on the scale of most larger banks, but without losing that personal feel. They offer competitive rates on every time of loan that that larger banks offer. They also offer a good variety of options for deposit and savings accounts. They even offer business services for small businesses. Through all this they still have that small local bank feeling because they offer great personalized service. They respond to inquiries quickly. They also have many locations throughout the city with extended hours available which makes it easy to get your business done even after normal "banking" hours. Overall I would say they are doing everything a larger bank could do, but still providing their clients exceptional customer service.

Excellent and convenient service

Posted by: |

My credit union is great about working to fit my need and schedule. I recently opened up a savings account for my children and it couldn't have been easier. They worked with me over the phone to get everything they needed so I wouldn't have to take time out of my day. I was able to sign all the documents virtually and everything was done within minutes of submitting the documents back to them. They are easy to work with and I can do everything I need to online or over the phone. It also helps that there is a branch located 5 minutes from my house, but I have never really had to use it since I can take care of everything so easily without ever having to leave my house.

Will Do For Now

Posted by: |

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.

Worst Experience Ever -2

Posted by: |

I had the worst experience in my life with this bank.!!
I forgot my online user name and try to access my account, it takes me 3 days to access my online account again, I can NOT recommend this bank at all.

Worst Experience Ever

Posted by: |

I had the worst experience in my life with this bank. I live in Germany and I have to manage my mothers account from here, having a Power of attorney. They blocked urgent transfers and wouldn´t tell me the reason why. I´ve spent days to talk to the service, their just useless. Now they promised me to send an E-Mail yesterday...notrhing happenen. This incompetence is going to cost me a lot of money!!! I can NOT recommend this bank at all.

Overdraft Fees Even If You Have The Money

Posted by: |

This credit union is full of crooks and scoundrels. I set up a payment from my savings account and forgot to transfer the money from my checking. First light charged me with 4 (as if once wasn't bad enough) over draft charges of $29.50. I had the money in my checking account, but it made more sense to them to charge me an overdraft fee 4 times. When I called about this, I was told it wasn't their error and I had to eat the loss.

Lesson Learned.

Posted by: |

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 Grade Components

NCUA #10174
Year Chartered1955
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.2%
Annual Interest Income$24.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$1.58B$1.48B
LoansQ1 2024vs Q1 2023$1.29B$1.22B
DepositsQ1 2024vs Q1 2023$1.32B$1.32B
Equity CapitalQ1 2024vs Q1 2023$146.4MM$138.8MM
Loan Loss AllowanceQ1 2024vs Q1 2023$17MM$10.7MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7.5MM$3.8MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Firstlight 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.

Firstlight Federal Credit Union Savings Account Rates

3.04%$300k-High Yield Savings
3.04%$300k-Business High Yield Savings
0.25%$0-IRA Savings
0.15%$100-Share Savings
0.15%$100-Business Share Savings
0.15%$0-Cha Ching
0.15%$0-Youth Share Savings
0.15%$0-Dollar Dog
0.15%$0-The Edge

Firstlight Federal Credit Union Money Market Rates

1.16%*$500k*-Business Money Market
OTHER TIERS: 0.50% $2.5k - $10k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.85% $50k - $100k | 1.11% $100k - $500k
1.16%*$500k*-Money Market
OTHER TIERS: 0.50% $2.5k - $10k | 0.70% $10k - $25k | 0.80% $25k - $50k | 0.85% $50k - $100k | 1.11% $100k - $500k

Firstlight Federal Credit Union Checking Account Rates

0.13%*$5k*-Simply More
OTHER TIERS: 0.10% $2.5k - $5k
0.10%$7.5k-Business Premier

Firstlight Federal Credit Union CD Rates

5.15%*$100k*-Business 6 Month CD
OTHER TIERS: 5.05% $500 - $25k | 5.10% $25k - $100k
5.15%*$100k*-6 Month CD
OTHER TIERS: 5.05% $500 - $25k | 5.10% $25k - $100k
5.05%*$100k*-Business 2 Year CD
OTHER TIERS: 4.95% $500 - $25k | 5.00% $25k - $100k
5.05%*$100k*-Business 18 Month CD
OTHER TIERS: 4.95% $500 - $25k | 5.00% $25k - $100k
5.05%*$100k*-2 Year CD
OTHER TIERS: 4.95% $500 - $25k | 5.00% $25k - $100k
5.05%*$100k*-18 Month CD
OTHER TIERS: 4.95% $500 - $25k | 5.00% $25k - $100k
4.65%*$100k*-Business 1 Year CD
OTHER TIERS: 4.55% $500 - $25k | 4.60% $25k - $100k
4.65%*$100k*-1 Year CD
OTHER TIERS: 4.55% $500 - $25k | 4.60% $25k - $100k
4.15%*$100k*-Business 3 Year CD
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.15%*$100k*-3 Year CD
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.15%*$100k*-Business 2 Year Changeable CD
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.15%*$100k*-2 Year Changeable CD
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.15%*$100k*-Business 30 Month CD
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.15%*$100k*-30 Month CD
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.00%*$100k*-Business 5 Year CD
OTHER TIERS: 3.90% $500 - $25k | 3.95% $25k - $100k
4.00%*$100k*-5 Year CD
OTHER TIERS: 3.90% $500 - $25k | 3.95% $25k - $100k
3.80%$5-1 Year Dream Builder CD
3.75%*$100k*-Business 4 Year CD
OTHER TIERS: 3.65% $500 - $25k | 3.70% $25k - $100k
3.75%*$100k*-4 Year CD
OTHER TIERS: 3.65% $500 - $25k | 3.70% $25k - $100k
3.55%$5-2 Year Dream Builder CD
2.80%$5-3 Year Dream Builder CD
2.70%*$100k*-Business 91 Day CD
OTHER TIERS: 2.60% $500 - $25k | 2.65% $25k - $100k
2.70%*$100k*-91 Day CD
OTHER TIERS: 2.60% $500 - $25k | 2.65% $25k - $100k

Firstlight Federal Credit Union IRA Rates

5.15%*$100k*-6 Month IRA
OTHER TIERS: 5.05% $500 - $25k | 5.10% $25k - $100k
5.05%*$100k*-2 Year IRA
OTHER TIERS: 4.95% $500 - $25k | 5.00% $25k - $100k
5.05%*$100k*-18 Month IRA
OTHER TIERS: 4.95% $500 - $25k | 5.00% $25k - $100k
4.65%*$100k*-1 Year IRA
OTHER TIERS: 4.55% $500 - $25k | 4.60% $25k - $100k
4.15%*$100k*-3 Year IRA
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.15%*$100k*-2 Year Changeable IRA
OTHER TIERS: 4.05% $500 - $25k | 4.10% $25k - $100k
4.00%*$100k*-5 Year IRA
OTHER TIERS: 3.90% $500 - $25k | 3.95% $25k - $100k
3.75%*$100k*-4 Year IRA
OTHER TIERS: 3.65% $500 - $25k | 3.70% $25k - $100k
2.70%*$100k*-91 Day IRA
OTHER TIERS: 2.60% $500 - $25k | 2.65% $25k - $100k


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.