First Community Federal Credit Union


550 S. Riverview Dr.
Parchment, MI 49004
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 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 - May 23, 2024

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.

Back to First Community

Note to First Community
To upload and update your credit union's rates please register. It is free to register and add rates.

Advertiser Disclosure

Loan Rates - May 23, 2024

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 2024

Lender APR Rate (%) Points Fees Monthly
Learn More
PenFed Credit Union
NMLS ID: 401822
6.530% 6.375% 0.63 $5,200 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.966% 6.875% 0.75 $2,982 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to First Community
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.

Your Location:

First Community Locations

Climate Policy and 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.

Add Your Review

or use your BestCashCow account


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% 6.97

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 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% 13.62%

First Community FCU has a net worth of 13.11% 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 Community

There are currently no comments for FIRST COMMUNITY. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

or use your BestCashCow account