Education First Federal Credit Union

Headquarters

7025 Eastex Freeway
Beaumont, TX 77706
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 2.55% →
1-Year CD 0.20% 2.80% →
2-Year CD 0.35% 3.20% →
5-Year CD 0.65% 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Education First is an NCUA insured institution located in Beaumont, TX. It was founded in 1952 and has approximately $543.47 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 $543.47 million
Loans $301.83 million
Deposits $499.67 million
Capital $54.11 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 - August 13, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.40% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
0.65% $100,000 $199,999 Learn More
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 13, 2022

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
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First Internet Bank
NMLS ID: 424182
5.043% 4.990% 0.63 $1,502 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
4.851% 4.750% 0.75 $2,920 $1,305 Learn More
Morty, Inc.
NMLS ID: 1429243
4.697% 4.625% 0.88 $2,098 $1,286 Learn More
PADDIO
NMLS ID: 1907
5.301% 5.125% 1.00 $5,000 $1,362 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More

Note to EDUCATION FIRST
To upload and update your bank's rates please register. It is free to register and add rates.


 

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:
Fairfield,Connecticut


Education First Locations



Climate 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.

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
4.87% 4.75

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 March 31, 2022, Education First had $2,692,447 in non-current loans and $21,099 in owned assets. To cover these potential losses it had $54,113,582 in net worth and $1,582,161 in loans loss reserves. That gives it a Texas Ratio of 4.87%.

Net Worth
Education First U.S. Average
9.96% 12.28%

Education First FCU has a net worth of 9.96% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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