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First Flight Credit Union

Overview
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First Flight Credit Union is a federal credit union based in Cary, North Carolina. It has been opened since 1952, for 68 years.

With around $193,590,000 in assets, First Flight Credit Union is considered to be a very large credit union. It has 8 branches and 6 ATM locations.

About
Address 1815 Kildaire Farm Rd, Suite A.
Cary, North Carolina 27518
Website http://www.efirstflight.com
Phone (919) 851-5690
Fax (919) 851-8667
CEO Allen Fallon
President of the Board Greg Williams
Services Offered
Map
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Score Card
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68 years
Years in business
Opened in 1952
Well Capitalized
Net worth classification
Source: NCUA
21,085 members
Membership type: Multiple common bond – other
Above average number of members
315:1
Credit union member to staff ratio
315 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$193,593,436
Total assets
Above average
8 branches
Compared with an average of 4 nationally and 7 in North Carolina
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
Branches
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8 branches
Compared with an average of 4 nationally and 7 in North Carolina
Above average number of branches
First Flight Credit Union Branch Locations

First Flight Credit Union: Cary Corporate Headquarters
1815 Kildaire Farm Road
Suite A.
Cary, North Carolina 27518
No ATM
First Flight Credit Union: Cherry Point
2nd Avenue
Building 3672
Cherry Point, North Carolina 28533
ATM Available
First Flight Credit Union: Kinston
2405 North Herritage Street Suite A.
Kinston, North Carolina 28501
No ATM
First Flight Credit Union: Holly Springs
400 Village Walk Drive
Suite 106
Holly Springs, North Carolina 27540
ATM Available
First Flight Credit Union: New Bern
3127 M. L. King Jr Boulevard
New Bern, North Carolina 28562
ATM Available
First Flight Credit Union: Morehead City
4501 Arendell Street
Morehead City, North Carolina 28557
ATM Available
First Flight Credit Union: Cary Branch
1815 Kildaire Farm Road
Suite A.
Cary, North Carolina 27518
No ATM
First Flight Credit Union: Havelock
1232 E. Main Street
Havelock, North Carolina 28532
ATM Available
First Flight Credit Union: Greenville
3530 S. Memorial Drive
Greenville, North Carolina 27834
ATM Available
Members
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21,085 members
Membership type: Multiple common bond – other
Above average number of members

With 21,085 members, the First Flight Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 82% of credit unions.

Fees
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$128
Average fee per member
The average fee per member at the First Flight Credit Union is $128, which is very high compared to most credit unions. This rate is higher than 93% 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 Flight Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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315:1
Credit union member to staff ratio
315 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
67 staff members
FTE (full-time equivalent)
16% of employees are part-time
61 full-time, 12 part-time

First Flight Credit Union has 61 full-time staff members and 12 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 84% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. First Flight Credit Union has around 315 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$193,593,436
Total assets
Above 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.
13.2%
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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$16,077
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 83% of credit unions.

First Flight Credit Union holds a total of $134,030,000 in loans and leases, which is about $16,077 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 Flight Credit Union pays 0.10%.

Loan rates
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9.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.89%
New car loan rate
Compared to 4.0% nationally
3.74%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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5.25%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
2.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
4.50%
Other real estate loan rates
Compared to 0.9% nationally