First Class Federal Credit Union
Our records indicate that this credit union has been acquired by ALLENTOWN.
Headquarters
510 Business Park Lane
Allentown, PA 18109
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2024 Overview
General Credit Union Information
First Class is an NCUA insured institution located in Allentown, PA. It was founded in 1934 and has approximately $35.07 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 62 |
| Date Established | 1934 |
| Assets | $35.07 million |
| Loans | $22.04 million |
| Deposits | $29.87 million |
| Capital | $5.12 million |
Field of Membership Restrictions
Membership is open to those who live, worship, attend school or work in Lehigh or Northampton Counties, Pennsylvania.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for First Class
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Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Class
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: 401822 |
6.944% | 6.750% | 1.00 | $6,400 | $2,076 | Learn More |
NMLS ID: 2059741 |
7.018% | 6.875% | 0.88 | $4,672 | $2,103 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to First Class
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It is free to register and add rates.
Branches
Below are First Class 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
Climate Policy and Initiatives
FIRST CLASS 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 Class Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Class. 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 Class | U.S. Average |
|---|---|
| 6.48% | 6.97 |
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 December 31, 2023, First Class had $205,265 in non-current loans and $129,715 in owned assets. To cover these potential losses it had $5,116,065 in net worth and $54,718 in loans loss reserves. That gives it a Texas Ratio of 6.48%.
Net Worth
| First Class | U.S. Average |
|---|---|
| 14.59% | 13.62% |
First Class FCU has a net worth of 14.59% versus the BestCashCow average of 13.62. 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 Class
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