First Community Federal Credit Union
Headquarters
550 S. Riverview Dr.
Parchment, MI 49004
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2024 Overview
General Credit Union Information
First Community is an NCUA insured institution located in Parchment, MI. It was founded in 1938 and has approximately $717.49 millions in assets.
Who can join?
Membership is limited to those residences living, working, worshiping or attending school within the following counties: Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, St. Joseph, and Van Buren.
You may also become a member if you are a relative to someone who is already a member of First Community.
In Southeast Michigan, students, educational entity administration and educators (and family of current members) of Wayne and Monroe counties are also eligible to join.
In the Wisconsin-Illinois region, those living or working within the counties of Rock, Green, and Walworth in Wisconsin, and Winnebago (Illinois) are eligible to become members.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 2885 |
| Date Established | 1938 |
| Assets | $717.49 million |
| Loans | $405.83 million |
| Deposits | $621.83 million |
| Capital | $94.11 million |
Field of Membership Restrictions
Membership in FIRST COMMUNITY is open to those who live in Michigan's Lower Peninsula, the Illinois county of Winnebago, or in the Wisconsin counties of Dane, Green, Jefferson, Milwaukee, Rock, Walworth, or Waukesha.
Deposit Rates - November 25, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for First Community
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Loan Rates - November 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Community
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: 1835285 |
6.356% | 6.250% | 0.63 | $3,600 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.710% | 6.625% | 0.63 | $2,818 | $2,049 | Learn More |
NMLS ID: 401822 |
7.034% | 6.875% | 1.00 | $5,195 | $2,103 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | 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 |
Learn More
More Info |
Note to First Community
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are First Community 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
First Community Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|
Climate Policy and Initiatives
FIRST COMMUNITY 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
First Community Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Community. 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
| First Community | U.S. Average |
|---|---|
| 5.42% | 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, First Community had $4,622,233 in non-current loans and $589,566 in owned assets. To cover these potential losses it had $94,109,610 in net worth and $1,998,074 in loans loss reserves. That gives it a Texas Ratio of 5.42%.
Net Worth
| First Community | U.S. Average |
|---|---|
| 13.11% | 13.93% |
First Community FCU has a net worth of 13.11% 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 First Community
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