First Commonwealth Federal Credit Union
Headquarters
Po Box 20450
Lehigh Valley, PA 18002
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2024 Overview
General Credit Union Information
First Commonwealth is an NCUA insured institution located in Lehigh Valley, PA. It was founded in 1959 and has approximately $1200.49 millions in assets.
Who can join?
If you live, work, worship or attend school in one of our designated service areas.
Residents of Pennsylvania and New Jersey can join the American Consumer Council (www.americanconsumercouncil.org), free of charge, and automatically be eligible for First Commonwealth membership.
Employment Eligibility
You can join First Commonwealth if you are employed by one of our participating Select Employer Groups (SEGs) or are an immediate family member of SEG employee.
Family Eligibility
If you are an immediate family member of a current member, you are eligible. Immediate family members include spouse, child, sibling, parent, grandparent, grandchild, stepparent, stepchild, stepsibling, foster or adoptive relationships. In addition, persons living in the same residence of an existing member, maintaining a single economic unit, are also eligible.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 12765 |
| Date Established | 1959 |
| Assets | $1,200.49 million |
| Loans | $943.59 million |
| Deposits | $1,055.44 million |
| Capital | $119.46 million |
Field of Membership Restrictions
You can join First Commonwealth if you:
Are employed by one of our participating Select Employer Groups(SEGs) or are an immediate family* member of a SEG employee.
Live, work, worship or attend school in one of our designated service areas.
Are an immediate family member* of a current member.
Belong to or join the American Consumer Council. If you are a consumer who lives in Pennsylvania or New Jersey, you may be eligible for credit union membership through the ACC.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.01% | $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
|
0.15% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.20% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.20% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.30% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.30% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.40% | $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
|
0.50% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.01% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.01% | $2,500 | $3,499 | Learn More |
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for First Commonwealth
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: 447490 |
6.947% | 6.875% | 0.75 | $2,342 | $2,103 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $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 Commonwealth
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Branches
Below are First Commonwealth 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 COMMONWEALTH 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 Commonwealth Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of First Commonwealth. 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 Commonwealth | U.S. Average |
|---|---|
| 9.61% | 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 Commonwealth had $12,164,521 in non-current loans and $385,970 in owned assets. To cover these potential losses it had $119,456,175 in net worth and $11,078,742 in loans loss reserves. That gives it a Texas Ratio of 9.61%.
Net Worth
| First Commonwealth | U.S. Average |
|---|---|
| 10.53% | 13.62% |
First Commonwealth FCU has a net worth of 10.53% 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 Commonwealth
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