First Community


550 S. Riverview Dr.
Parchment, MI 49004
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

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.

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

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 - October 15, 2021

Your Current Location: Virginia, VA 20146

We do not yet have rates for First Community

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Advertiser Disclosure

Loan Rates - October 15, 2021

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 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
CashCall Mortgage
NMLS ID: 128231
2.952% 2.875% 1.00 $2,500 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

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



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.

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First Community Locations

Climate Initiatives

FIRST COMMUNITY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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% 3.79

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 June 30, 2021, 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% 12.22%

First Community FCU has a net worth of 13.11% versus the BestCashCow average of 12.22. 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. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. First Community is insured by the NCUA.

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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