First Commerce Credit Union
Headquarters
Po Box 6416
Tallahassee, FL 32314
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2024 Overview
General Credit Union Information
First Commerce is an NCUA insured institution located in Tallahassee, FL. It was founded in 1940 and has approximately $1069.63 millions in assets.
Who can join?
You can if you live or work in Leon, Wakulla, Jefferson, Jackson, Gadsden, Liberty, Madison, Taylor, Calhoun, Washington, Walton, Holmes county, Florida or Lowndes,Thomas county, Georgia.
Or if a member of your immediate family is currently an account holder.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68301 |
| Date Established | 1940 |
| Assets | $1,069.63 million |
| Loans | $750.94 million |
| Deposits | $905.03 million |
| Capital | $109.97 million |
Field of Membership Restrictions
First Commerce Credit Union of Florida is open to the residents and the people that maintain employment within these eligible counties of Florida: Baker, Calhoun, Columbia, Dixie, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Holmes, Jackson, Jefferson, Lafayette, Leon, Liberty, Madison, Suwannee, Taylor, Wakula, Walton, and Washington and these counties of Georgia: Lowndes and Thomas as well as the members or clients of the credit union subsidiaries, employees of the participating employer groups that are listed on the credit union website, people that join the First Commerce Credit Union Foundation and the family members of the current credit union members.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
2.53% | $5 | $3,000 |
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|
|
Money Market
|
0.15% | $2,500 | $9,999 |
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|
|
Money Market
|
0.40% | $10,000 | $24,999 |
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|
|
Money Market
|
0.55% | $25,000 | $49,999 |
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|
|
Money Market
|
0.80% | $50,000 | $99,999 |
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|
|
Money Market
|
1.05% | $100,000 | $249,999 |
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|
|
Money Market
|
1.10% | $250,000 | $500,000 |
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|
|
Money Market
|
1.15% | $500,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
5.25% | $1,000 | - |
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|
| 12 Mo CD
|
5.00% | $1,000 | - |
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|
| 18 Mo CD
|
1.50% | $1,000 | - |
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|
| 24 Mo CD
|
2.70% | $1,000 | - |
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|
| 36 Mo CD
|
5.25% | $1,000 | - |
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|
| 48 Mo CD
|
5.00% | $1,000 | - |
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|
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Commerce
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 |
6.710% | 6.625% | 0.88 | $2,806 | $2,049 | 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: 491986 |
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 Commerce
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Branches
Below are First Commerce 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 COMMERCE 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 Commerce Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Commerce. 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 Commerce | U.S. Average |
|---|---|
| 16.88% | 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 Commerce had $19,065,040 in non-current loans and $335,823 in owned assets. To cover these potential losses it had $109,971,434 in net worth and $4,929,647 in loans loss reserves. That gives it a Texas Ratio of 16.88%.
Net Worth
| First Commerce | U.S. Average |
|---|---|
| 10.28% | 13.62% |
First Commerce FCU has a net worth of 10.28% 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 Commerce
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