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Family 1st Credit Union

Overview
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Family 1st Credit Union is a federal credit union based in New Castle, Pennsylvania. It has been opened since 1951, for 69 years.

With around $11,820,000 in assets, Family 1st Credit Union is considered to be a medium size credit union.

About
Address 917 Moravia Street
New Castle, Pennsylvania 16101
Website http://www.family1stfcu.com
Phone (724) 656-8420
Fax (724) 656-8428
CEO Erin L. Ross
President of the Board Jerry Kalassay
Services Offered
Map
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Score Card
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69 years
Years in business
Opened in 1951
Well Capitalized
Net worth classification
Source: NCUA
2,000 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members
333:1
Credit union member to staff ratio
333 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$11,824,043
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Average number of branches
0.03%
Savings interest rate
Compared to 0.3% nationally
12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Average number of branches
Family 1st Credit Union Branch Locations

Family 1st Federal Credit Union
917 Moravia Street
New Castle, Pennsylvania 16101
No ATM
Members
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2,000 members
Membership type: Multiple common bond – primary communications and utilities
Below average number of members

With 2,000 members, the Family 1st Credit Union is considered to be a small credit union. It is smaller than 65% of credit unions.

Fees
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$72
Average fee per member
The average fee per member at the Family 1st Credit Union is $72, which is high compared to most credit unions. This rate is higher than 68% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Family 1st Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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333:1
Credit union member to staff ratio
333 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
6 staff members
FTE (full-time equivalent)
29% of employees are part-time
5 full-time, 2 part-time

Family 1st Credit Union has 5 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 71% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Family 1st Credit Union has around 333 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$11,824,043
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
13.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$7,112
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 77% of credit unions.

Family 1st Credit Union holds a total of $9,470,000 in loans and leases, which is about $7,112 per member on average.

Savings interest rate
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0.03%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Family 1st Credit Union pays 0.03%.

Loan rates
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12.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.50%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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2.50%
New car loan rate
Compared to 4.0% nationally
2.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally