First Watch Federal Credit Union
Headquarters
1118 Pine St
Abilene, TX 79601
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Reviewed by JS | July 9, 2022 |
This is the worst credit union I have ever worked with. I have been a member of several other credit unions over the years and loved them. I moved to Abilene and opened an account with First Abilene FCU and it was terrible from that point on. Instead being welcoming and helpful to new members they treat you like a criminal. They robotically follow every little rule, limit your deposits, hold your deposits and generally make your life miserable. Example: When making remote deposits, the back of checks now have a box to check that says "This is a remote Deposit To" and fill in the name. It is even on FBFCU's own checks. But, they would not accept my deposit because their rules say it has to be written on the check. When it was pointed out that even their checks use this, they said it did not matter because it is their requirement. Just one of many examples of their LACK OF PUTTING THE CUSTOMER FIRST POLICIES!
2024 Overview
General Credit Union Information
First Watch is an NCUA insured institution located in Abilene, TX. It was founded in 1959 and has approximately $97.67 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 13290 |
| Date Established | 1959 |
| Assets | $97.67 million |
| Loans | $70.78 million |
| Deposits | $87.89 million |
| Capital | $9.76 million |
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.
Deposit Rates - November 4, 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
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.20% | $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
|
0.30% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.40% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.55% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 4, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Watch
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 |
6.380% | 6.250% | 0.88 | $4,400 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.984% | 6.875% | 0.88 | $3,545 | $2,103 | Learn More |
NMLS ID: 3030 |
7.200% | 7.125% | 0.75 | $2,400 | $2,156 | Learn More |
NMLS ID: 399801 |
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 Watch
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Branches
Below are First Watch 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 Watch Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1027.16 | A | View Lobby Hours | |
| 1031.08 | B | View Lobby Hours |
Climate Policy and Initiatives
FIRST WATCH 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 Watch Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Watch. 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 Watch | U.S. Average |
|---|---|
| 3.13% | 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 Watch had $94,924 in non-current loans and $215,746 in owned assets. To cover these potential losses it had $9,757,970 in net worth and $183,286 in loans loss reserves. That gives it a Texas Ratio of 3.13%.
Net Worth
| First Watch | U.S. Average |
|---|---|
| 9.96% | 13.93% |
First Watch FCU has a net worth of 9.96% 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 Watch
JS
July 9, 2022 |
This is the worst credit union I have ever worked with. I have been a member of several other credit unions over the years and loved them. I moved to Abilene and opened an account with First Abilene FCU and it was terrible from that point on. Instead being welcoming and helpful to new members they treat you like a criminal. They robotically follow every little rule, limit your deposits, hold your deposits and generally make your life miserable. Example: When making remote deposits, the back of checks now have a box to check that says "This is a remote Deposit To" and fill in the name. It is even on FBFCU's own checks. But, they would not accept my deposit because their rules say it has to be written on the check. When it was pointed out that even their checks use this, they said it did not matter because it is their requirement. Just one of many examples of their LACK OF PUTTING THE CUSTOMER FIRST POLICIES!
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