Education First Federal Credit Union
Headquarters
7025 Eastex Freeway
Beaumont, TX 77706
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2024 Overview
General Credit Union Information
Education First is an NCUA insured institution located in Beaumont, TX. It was founded in 1952 and has approximately $623.85 millions in assets.
Who can join?
You are eligible for membership at EducationFirst if you are a family member of any EducationFirst member (i.e., spouse, children, parents, brothers, sisters, grandparents and grandchildren).
Or if you live, work, worship, volunteer or attend school in the six-county area of Jefferson, Orange, Hardin, Newton, Jasper and Tyler, you can also join EducationFirst, along with the employees and retirees of the East Chambers and High Island Independent School Districts.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24470 |
| Date Established | 1952 |
| Assets | $623.85 million |
| Loans | $390.14 million |
| Deposits | $538.92 million |
| Capital | $54.51 million |
Field of Membership Restrictions
Membership in Education First Federal Credit Union is open to those who live, work, worship, volunteer, or attend school in the following counties: Hardin, Jasper, Jefferson, Newton, Orange, and Tyler. Membership is also open to current or retired employee of the East Chambers or High Island Independent School Districts and immediate family of current members.
Deposit Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.25% | $2,500 | $4,999 |
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|
|
Money Market
|
0.40% | $2,500 | $2,999 |
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|
|
Money Market
|
0.40% | $10,000 | $14,999 |
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|
|
Money Market
|
0.50% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.10% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.10% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.20% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.20% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.15% | $2,500 | $3,499 | Learn More |
Loan Rates - December 22, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Education First
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1025894 |
6.863% | 6.750% | 1.00 | $3,705 | $2,076 | Learn More |
NMLS ID: 2592312 License#: RM.805266.000 |
6.879% | 6.750% | 1.00 | $4,432 | $2,076 | Learn More |
NMLS ID: 3030 |
7.325% | 7.250% | 0.75 | $2,400 | $2,183 | Learn More |
NMLS ID: 491986 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$0 |
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More Info |
Rate See Table |
Intro APR 7.900 % After Intro: 7.900 % |
$25,000 |
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More Info |
Note to Education First
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Branches
Below are Education First branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Education First Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 854.94 | A | View Lobby Hours | |
| 864.49 | B | View Lobby Hours | |
| 877.24 | C | View Lobby Hours | |
| 890.23 | D | View Lobby Hours | |
| 893.90 | E | View Lobby Hours | |
| 895.01 | F | View Lobby Hours | |
| 900.92 | G | View Lobby Hours | |
| 900.95 | H | View Lobby Hours | |
| 902.44 | I | View Lobby Hours | |
| 902.57 | J | View Lobby Hours |
Climate Policy and Initiatives
EDUCATION FIRST is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Education First Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Education First. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Education First | U.S. Average |
|---|---|
| 8.62% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Education First had $4,343,478 in non-current loans and $505,781 in owned assets. To cover these potential losses it had $54,505,176 in net worth and $1,722,721 in loans loss reserves. That gives it a Texas Ratio of 8.62%.
Net Worth
| Education First | U.S. Average |
|---|---|
| 8.72% | 13.93% |
Education First FCU has a net worth of 8.72% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Education First
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