First Watch Credit Union

Overview / Commentary
1118 Pine St
Abilene, TX 79601

First Watch Credit Union is headquartered in Abilene and is the 144th largest credit union in the state of Texas. It is also the 1,838th largest credit union in the nation. It was established in 1959 and as of December of 2022, it had grown to 30 employees and 10,295 members at 2 locations. First Watch Credit Union's CD rates are 4X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in, as well as businesses and other legal entities located in Taylor, Jones, Callahan, Nolan, Runnels, and Eastland Counties, Texas.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Watch Credit Union has a relatively low asset base.

Health Grade Components

NCUA #13290
Year Chartered1959
Primary Regulator
Profit Margin
Return on Assets - YTD0.29%
Return on Equity - YTD3.02%
Annual Interest Income$3.1MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$98.7MM$96.0MM
LoansQ4 2022vs Q4 2021$80.6MM$56.2MM
DepositsQ4 2022vs Q4 2021$89.0MM$86.6MM
Equity CapitalQ4 2022vs Q4 2021$9.4MM$9.1MM
Loan Loss AllowanceQ4 2022vs Q4 2021$183.00K$218.00K
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$35.00K$0
Real Estate OwnedQ4 2022vs Q4 2021$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 Watch Credit Union Savings Account Rates

0.65%$100-IRA Savings
0.10%$50-Simply Kids Account
0.10%$100-Christmas Club
0.10%$50-Simply Teen Account
0.05%$100-Share Account
0.05%$100-Special Savings

First Watch Credit Union Money Market Rates

1.00%*$100k*-Money Market Account
OTHER TIERS: 0.25% $1k - $25k | 0.50% $25k - $75k | 0.85% $75k - $100k

First Watch Credit Union Checking Account Rates

0.02%$50-Simply Teen Draft
0.02%$100-Simply 50+

First Watch Credit Union CD Rates

4.00%$1k-12 Month Share Certificate Special
3.50%*$50k*-36 Month Share Certificate
OTHER TIERS: 0.75% $1k - $50k
3.00%*$50k*-24 Month Share Certificate
OTHER TIERS: 0.65% $1k - $50k
2.75%$50k-18 Month Share Certificate
1.25%$500-24 Month Simply Teen CD
1.25%$500-24 Month Simply Kids CD
1.00%*$50k*-12 Month Share Certificate
OTHER TIERS: 0.55% $1k - $50k
1.00%$500-12 Month Simply Kids CD
1.00%$500-12 Month Simply Teen CD
0.60%*$50k*-6 Month Share Certificate
OTHER TIERS: 0.45% $1k - $50k
0.50%*$50k*-3 Month Share Certificate
OTHER TIERS: 0.35% $1k - $50k

First Watch Credit Union Locations
Branch Office1118 Pine StAbilene, TX 79601-3529
Branch Office3324 Catclaw DrAbilene, TX 79606-8208

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