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First Area Credit Union

Overview
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First Area Credit Union is a federal credit union based in Lewistown, Pennsylvania. It has been opened since 1961, for 59 years.

With around $19,270,000 in assets, First Area Credit Union is considered to be a medium size credit union.

About
Address 23 S. Dorcas Street
Lewistown, Pennsylvania 17044
Website https://www.shareteccu.com/firstare
Phone (717) 248-5103
Fax (717) 248-9672
CEO Bonnie K. Fisher
President of the Board William Hartman
Services Offered
Map
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Score Card
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59 years
Years in business
Opened in 1961
Well Capitalized
Net worth classification
Source: NCUA
3,110 members
Membership type: Community credit union
Average number of members
415:1
Credit union member to staff ratio
415 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$19,269,061
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Pennsylvania
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
10.90%
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
Above average number of branches
First Area Credit Union Branch Locations

First Area Federal Credit Union
23 S. Dorcas Street
Lewistown, Pennsylvania 17044
No ATM
First Area Credit Union: Gbs
1035 North Meridian Road
Youngstown, Ohio 44509
No ATM
Members
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3,110 members
Membership type: Community credit union
Average number of members

With 3,110 members, the First Area Credit Union is considered to be a medium size credit union. It is larger than 46% of credit unions.

Fees
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$96
Average fee per member
The average fee per member at the First Area Credit Union is $96, which is very high compared to most credit unions. This rate is higher than 83% 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 First Area Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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415:1
Credit union member to staff ratio
415 per each FTE employee
Compared to 411:1 nationally
Fewer staff
8 staff members
FTE (full-time equivalent)
33% of employees are part-time
6 full-time, 3 part-time

First Area Credit Union has 6 full-time staff members and 3 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 67% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Area Credit Union has around 415 members per staff, a higher ratio compared to other credit unions.

Assets
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$19,269,061
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.
8.9%
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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$6,426
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 82% of credit unions.

First Area Credit Union holds a total of $6,790,000 in loans and leases, which is about $6,426 per member on average.

Savings interest rate
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0.10%
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. First Area Credit Union pays 0.10%.

Loan rates
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10.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.14%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.84%
New car loan rate
Compared to 4.0% nationally
5.46%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.28%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
5.46%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally