FIRST COMMUNITY

550 S. Riverview Dr.
Parchment, MI 49004

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 2885
Date Established 1938
Assets $717.49 million
Loans $405.83 million
Deposits $621.83 million
Capital $94.11 million

First Community is an NCUA insured institution located in Parchment, MI. It was founded in 1938 and has approximately $717.49 millions in assets.

Who can join?

Membership is limited to those residences living, working, worshiping or attending school within the following counties: Allegan, Barry, Berrien, Branch, Calhoun, Cass, Kalamazoo, St. Joseph, and Van Buren.

You may also become a member if you are a relative to someone who is already a member of First Community.

In Southeast Michigan, students, educational entity administration and educators (and family of current members) of Wayne and Monroe counties are also eligible to join.

In the Wisconsin-Illinois region, those living or working within the counties of Rock, Green, and Walworth in Wisconsin, and Winnebago (Illinois) are eligible to become members.

Field of Membership Restrictions

Membership in FIRST COMMUNITY is open to those who live in Michigan's Lower Peninsula, the Illinois county of Winnebago, or in the Wisconsin counties of Dane, Green, Jefferson, Milwaukee, Rock, Walworth, or Waukesha.

Deposit Rates - August 19, 2019

Your Current Location: Virginia, VA 20146

We do not yet have rates for First Community

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to First Community
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There are currently no rates available for First Community, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - August 19, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FIRST COMMUNITY

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.750% 4.750% 0.00 $0 $1,305 Learn More
First Internet Bank
NMLS ID: 424182
3.641% 3.625% 0.25 $502 $1,141 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.427% 3.375% 0.25 $1,637 $1,106 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to FIRST COMMUNITY
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Branches

Below are First Community 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:
Ashburn,Virginia


First Community Locations


Financial Details

First Community Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Community. 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 Community U.S. Average
5.42% 6.77

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, 2019, First Community had $4,622,233 in non-current loans and $589,566 in owned assets. To cover these potential losses it had $94,109,610 in net worth and $1,998,074 in loans loss reserves. That gives it a Texas Ratio of 5.42%.

Net Worth
First Community U.S. Average
13.11% 13.47%

First Community FCU has a net worth of 13.11% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About First Community

Branches and Savings

What is First Community?

A federal credit union, registered with the NCUA under certificate #2885.
Learn more about credit unions here.

Is First Community FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join First Community?

Please see Field of Membership information above for information on who is eligible to join.

What are First Community's share account and share certificate rates?

First Community's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is First Community?

First Community has total capital of $94.11 million. Full information on First Community's financial position is located above.

Who owns First Community?

Credit Unions are owned by their members.

Where are First Community branches located?

See branch locations nearby.

Are First Community ATMs Open 24/7?

Do First Community ATMs accept cash deposits?

Can First Community customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does First Community have a mobile app?

Does First Community have mobile deposit?

Does First Community have quick pay?

How can First Community transfer money to other banks or credit unions?

Does First Community report to credit bureaus?

Does First Community use Chexsystems?

Does First Community use Equifax?

What is First Community's toll free phone number?

What is First Community's ACH Routing Number?

What is First Community's SWIFT code?

Where can I find First Community's wire transfer form?

What is the First Community address for deposits?

What Products Does First Community Offer

Does First Community offer mortgages?

Compare mortgage rates here.

Does First Community offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Community offer auto and RV loans?

Compare auto loan rates here.

Does First Community offer student loans or personal loans?

Compare personal loan rates here.

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