First Class Federal Credit Union

Social
  • +1

A short history of First Class FCU

Since its inception in 1934 the First Class Federal Credit Union has been serving its members in the ALLENTOWN, Pennsylvania 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 Albert Farnschlader, the First Class FCU has grown its membership to over 2,570 with assets of more than $30,142,512. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (610) 439-4102 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ALLENTOWN, PA.

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

Charter Number 62
Address 510 BUSINESS PARK LANE 
City ALLENTOWN 
State Pennsylvania 
Zip-Code 18109
Phone Number (610) 439-4102
Fax Number (610) 439-1323
Email Address: none
CEO/President Albert Farnschlader
Members 2,570 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 30,142,512 
Website http://www.firstclass.org 

Compare First Class Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
B. Braun CU B. Braun Federal Credit Union 901 Marcon Blvd 18109 (610) 596-2399 No 0.82
Sarco CU sarco federal credit union 1214 w broad st 18018 (610) 807-9922 No 2.09
Ss Peter & Paul CU St. Peter and Paul FCU 1065 Fullerton Ave 18103 (610) 965-0130 No 2.26
Mon Valley Community CU Mon Valley Community Federal Credit Union 140 N Route 88 Ste 101 15022 (724) 489-8114 No 2.33
Lehigh County Employees CU courthouse 455 Hamilton St 18101 (610) 782-3318 No 3.28

First Class Federal Credit Union Financial Performance Charts


Performance Charts

Website Image

Financial Data


First Class 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 12.90 2.99 2.99 3.99 3.99
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 452 145 91 137 99
Rank Among All Pennsylvania Credit Unions 72 53 25 39 34

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.20 N/A N/A 1.00
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 108 N/A N/A 158
Rank Among All Pennsylvania Credit Unions N/A 29 N/A N/A 28
First Class Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.900319437,774
All Other Unsecured Loans/Lines of Credit 13.000199775,693
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.99037651,139
Used Vehicle Loans 2.9901571,698,214
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.99014517,289,407
Total Other Real Estate Loans/Lines of Credit 3.99015292,472
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.000414,031
TOTAL LOANS & LEASES 87621,158,730

First Class 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 0000
    b. 15 Years or less 20578,544167,302
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 12116,516,54318999,890
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 4194,32000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 9129,88800
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 6162,58400
Open-End Fixed Rate 0000
TOTALS 16017,581,879191,067,192

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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