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Solano First Credit Union

Overview
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Solano First Credit Union is a federal credit union based in Fairfield, California. It has been opened since 1956, for 64 years.

With around $140,350,000 in assets, Solano First Credit Union is considered to be a large credit union. It has 3 branches and 3 ATM locations.

About
Address PO Box 5040
Fairfield, California 94533
Website http://www.solanofirst.com
Phone (707) 422-1342
Fax (707) 422-5036
CEO Michael Warrell
President of the Board Gary Walker
Services Offered
Map
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Score Card
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64 years
Years in business
Opened in 1956
Undercapitalized
Net worth classification
Source: NCUA
10,106 members
Membership type: Community credit union
Above average number of members
259:1
Credit union member to staff ratio
259 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$140,351,419
Total assets
Above average
3 branches
Compared with an average of 4 nationally and 5 in California
Above average number of branches
0.01%
Savings interest rate
Compared to 0.3% nationally
6.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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3 branches
Compared with an average of 4 nationally and 5 in California
Above average number of branches
Solano First Credit Union Branch Locations

Solano First Credit Union: Main
1000 Union Avenue
Fairfield, California 94533
ATM Available
Solano First Credit Union: Branch 02
151 Elmira Road
Vacaville, California 95687
ATM Available
Solano First Credit Union: Branch 06
3330 North Texas Street
Fairfield, California 94533
ATM Available
Members
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10,106 members
Membership type: Community credit union
Above average number of members

With 10,106 members, the Solano First Credit Union is considered to be a large credit union. It is larger than 71% of credit unions.

Fees
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$113
Average fee per member
The average fee per member at the Solano First Credit Union is $113, which is very high compared to most credit unions. This rate is higher than 89% 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 Solano First Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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259:1
Credit union member to staff ratio
259 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
39 staff members
FTE (full-time equivalent)
5% of employees are part-time
38 full-time, 2 part-time

Solano First Credit Union has 38 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Solano First Credit Union has around 259 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$140,351,419
Total assets
Above average
Net worth
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Undercapitalized
Net worth classification
Source: NCUA
An undercapitalized credit union has a net worth ratio between 4% and 6% or fails to meet applicable risk-based net worth requirements, according to the National Credit Union Administration.
5.9%
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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$7,144
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 77% of credit unions.

Solano First Credit Union holds a total of $90,470,000 in loans and leases, which is about $7,144 per member on average.

Savings interest rate
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0.01%
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. Solano First Credit Union pays 0.01%.

Loan rates
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6.24%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
8.39%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
3.39%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.29%
New car loan rate
Compared to 4.0% nationally
4.06%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.50%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
3.87%
Other real estate loan rates
Compared to 0.9% nationally
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