First Castle Federal Credit Union

A short history of First Castle FCU

Since its inception in 1934 the First Castle Federal Credit Union has been serving its members in the Covington, Louisiana area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Kirk Arnold, the First Castle FCU has grown its membership to over 6,937 with assets of more than $68,245,754. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (985) 867-8867 or email them at netbranch@firstcastlefcu.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Covington, LA.

General Information For First Castle FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Compare First Castle Federal Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Cusa CU	Covington Main Office	100 Northpark Blvd	70433	(985) 809-0521	No	3.69
S E L H CU	SELH FCU - LAFITTE ST OFFICE	238 LaFitte St	70470	(985) 624-3435	No	8.14
S T S P CU	Credit Union	620 Lamarque St	70445	(985) 626-1981	No	8.30
District 62 Highway CU	CORPORATE	685 N MORRISON BLVD	70401	(985) 375-0146	No	20.46
Fourth Ward CU	Fourth Ward Federal Credit Union	60233 Smilin Acres Rd	70422	(985) 517-6162	No	24.22

First Castle Federal Credit Union Financial Performance Charts

Financial Data

First Castle Federal Credit Union Lowest Loan Rates With State and USA Rankings

	Unsecured Credit Card	New Car Loans	Used Car Loans	1st Mortgage Loans	Other Real Estate
Rate	10.31	4.22	4.74	5.55	5.97
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	278	307	295	329	337
Rank Among All Louisiana Credit Unions	31	58	36	50	36

First Castle Federal Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	0.01	0.05	0.51	1.65	1.40
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	140	143	59	73	107
Rank Among All Louisiana Credit Unions	18	45	4	5	10

First Castle Federal Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	10.310	523	1,525,676
All Other Unsecured Loans/Lines of Credit	9.680	504	937,878
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	4.220	467	10,656,446
Used Vehicle Loans	4.740	1,967	27,936,031
Total 1st Mortgage Real Estate Loans/Lines of Credit	5.550	98	12,518,847
Total Other Real Estate Loans/Lines of Credit	5.970	72	1,945,036
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	6.430	142	1,909,197
TOTAL LOANS & LEASES		3,773	57,429,111

First Castle Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding

Amt of Loans Outstanding

No. of Loans Granted Year- to-Date

Amount Granted Year-To-Date

Fixed Rate
a. > 15 years	82	10,184,253	11	2,033,400
b. 15 Years or less	12	1,309,340	0	0
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	1	656,161	1	656,161
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	3	369,093	1	301,870

OTHER REAL ESTATE

Closed-End Fixed Rate	0	0	0	0
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	72	1,945,036	6	132,260
Open-End Fixed Rate	0	0	0	0
TOTALS	170	14,463,883	19	3,123,691

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

First Castle Federal Credit Union Member Offerings

First Time Homebuyer Program	No
Real Estate Loans	Yes
Pay Day Lending	No
Share Secured Credit Cards	Yes
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	Yes
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	No
Money Orders	Yes
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes