First Trust Credit Union
Headquarters
950 E Us Highway 20
Michigan City, IN 46360
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2024 Overview
General Credit Union Information
First Trust is an NCUA insured institution located in Michigan City, IN. It was founded in 1959 and has approximately $167.92 millions in assets.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68596 |
| Date Established | 1959 |
| Assets | $167.92 million |
| Loans | $47.74 million |
| Deposits | $147.61 million |
| Capital | $19.88 million |
Field of Membership Restrictions
First Trust Credit Union of Indiana is open to the residents and the people that maintain employment within these eligible counties: La Porte, Porter, Jasper, Newton, Pulaski, Starke and White, the employees of the credit union affiliated community partner companies, and the family members of the current credit union members.
Deposit Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $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
|
0.25% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.25% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.45% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.10% | $1 | $499 | Learn More |
Loan Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Trust
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: 2578474 |
6.584% | 6.500% | 0.50 | $2,810 | $2,023 | Learn More |
NMLS ID: 1025894 |
6.866% | 6.750% | 1.00 | $3,801 | $2,076 | Learn More |
NMLS ID: 3030 |
7.212% | 7.125% | 0.88 | $2,800 | $2,156 | Learn More |
NMLS ID: 3029 |
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 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to First Trust
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Branches
Below are First Trust 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 Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 228.04 | A | View Lobby Hours | |
| 234.59 | B | View Lobby Hours | |
| 237.69 | C | View Lobby Hours | |
| 238.31 | D | View Lobby Hours |
Climate Policy and Initiatives
FIRST TRUST 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 Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Trust. 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 Trust | U.S. Average |
|---|---|
| 0.30% | 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 Trust had $58,767 in non-current loans and $1,935 in owned assets. To cover these potential losses it had $19,879,113 in net worth and $481,442 in loans loss reserves. That gives it a Texas Ratio of 0.30%.
Net Worth
| First Trust | U.S. Average |
|---|---|
| 11.84% | 13.93% |
First Trust FCU has a net worth of 11.84% 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 Trust
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