First Community Credit Union Info + Reviews

First Community Credit Union is the financial institution we’ll focus on here. I’ll be taking a look at what this Missouri CU has to offer and dig into other important details about them. Those will include things like their history, membership requirements, and whether they give back to the community in any major ways. If you want to contribute your own review, you can also do that at the end here.

Let’s do it.

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*Routing #: 281081877

*Phone: 800-767-8880

A Little History on First Community Credit Union

There isn’t a ton of specific history on this Missouri CU. They do mention being in business for over 85 years, so, that must mean that they were started some time in the later 1930’s. That’s pretty normal among other credit unions.

Today, they’ve got over $3 billion in assets with nearly 350,000 members, according to their website. They’re part of the CO-OP network of ATMs, meaning you have access to your money at over 30,000 ATMs surcharge-free.

Do They Give Back?

First Community Credit Union in Missouri does give back to the community in a number of ways. A few of the organizations that they financially support are Ronald McDonald House Charities, Susan G Komen, and Autism Speaks.

They have a donation request form here.

Membership Requirements

If you want to become a member here, then you will need to meet some requirements. According to their website, all eligible businesses, government entities, individuals (including persons in their household) and the immediate family of all eligible individuals, who reside or work in the Missouri counties of St. Louis, St. Louis City, St. Charles, Jefferson, Warren and Franklin and the Illinois counties of Madison, Monroe and St. Clair are eligible.

There are also other ways you can get in, so don’t worry if one of those doesn’t meet the qualifications right away. If you have immediate family that qualifies for membership, then you can join. Even if your family isn’t an employee there anymore but retired at some point, that will qualify you to join First Community Credit Union.

Their definition of immediate family is pretty wide, you can out more of it here.

Their Product Offerings

You have a lot of options as far as products go here, which I kind of expected since they are a bigger CU. There’s four different checking accounts:

  • First Rate Checking
  • Cashback Checking
  • Checking 1
  • College Cashback Checking

They have a handful of different savings accounts, so, whatever stage of life you’re at or planning for, there should be something. Those are:

  • Share Savings Accounts
  • Youth Savings Accounts
  • Club Account
  • Money Market Account
  • Certificates of Deposit
  • Individual Retirement Accounts
  • Coverdell Education Savings Account (ESA)
  • Health Savings Account (HSA)

Business Products at First Community Credit Union

If you own a business, then you’ll be able to find a lot of different business products here. Those include checking, checking plus, and business analysis checking. The business analysis checking looks pretty unique and useful since it automates reporting and gives you other good benefits like unlimited ACH transactions.

You can open a savings account for your business, get business CDs, and a business money market account, too. There are some business services if you need those, like online banking, business bill pay, e-statements, merchant card services, and others.

Business credit cards and loans are also available if you need to make bigger purchases but don’t have the cash on-hand. Their business loans include SBA Loans, Commercial Real Estate Loans, Business Lines of Credit, Equipment Loans, and Business Term Loans.

Personal Loan Products

As far as personal loan products go at First Community Credit Union, they offer the usual that you would find at a bank or other large CU. Those include auto loans, boat, RV & motorcycle loans, home loans, home equity loans, land loans, personal term loans, credit cards and something called Skip-A-Pay loans.

Their Skip-A-Pay program allows you to defer a monthly loan payment if you have an eligible loan. Some ineligible loans include business, real estate, Fresh Start loans, and credit card payments. Eligible loans include vehicle loans and unsecured personal loans.

Rates at First Community Credit Union

First Rate Checking

BalanceDividend RateAPYAnnual Percentage Yield
0 – $25,0001.991%2.01%
$25,000+0.15%2.01% to 0.52%
All balances if qualifications not met0.15%0.15%
Qualifications
Enrollments must be in place and all of the following transactions and activities must post and settle to your First Rate Checking account during each Monthly Qualification Cycle: 
At least 1 direct deposit, ACH credit or ACH payment transaction
At least 25 debit card purchases
Be enrolled in and agree to receive eStatements
That’s it. Even if you don’t meet your qualifications during the cycle, your First Rate Checking account is still free. Plus, you’ll still earn our base dividend rate. And you can get right back to earning your full rewards the very next month!

Savings Accounts

ProductMinimum to Open and Obtain APYAPYAnnual Percentage YieldCompounding and Crediting Frequency
Share Savingsa$1 / $1000.05%Quarterly
Secondary Sharea$0 / $1000.05%Quarterly
Business Savingsa$1 / $1000.05%Quarterly
Club Accounta$0 / $1000.20%Quarterly
Individual Retirement Accounts (IRA)a$0/ $1000.05%Quarterly
Health Savings Accounts (HSA)b$1 / $250.20%Monthly
Youth Saversa$1 / $250.20%Quarterly
a. The APY is the anticipated APY for the quarter.
b. Rate only available for Health Savings Account contributions.

Money Management Savings (Money Market)

Minimum to Open and Obtain APYAPYAnnual Percentage YieldCompounding and Crediting Frequency
$1,000 – $24,9990.10%Monthly
$25,000 – $49,9990.15%Monthly
$50,000 or more0.20%Monthly
Unlimited withdrawals at any branch or ATM
Other withdrawals and transactions limited to six per month (all six may be checks); $15 fee for more than six checks
Account will be closed if the withdrawal limitations are exceeded three times in a 12 month period

Certificates of Deposit (CDs)/IRA Certificates of Deposit (CDs)

TermMinimum to OpenAPYAnnual Percentage YieldCompounding and Crediting Frequency
6 month$5000.15%Maturity
12 month$5000.30%Maturity
15 month$5000.30%Quarterly
18 month$5000.30%Semi-annually
24 month$5000.35%Annually
36 month$5000.50%Annually
48 month$5000.55%Annually
60 month$5001.00%Annually
72 month$5001.05%Annually
Annual Percentage Yields are subject to change daily at First Community Credit Union.
Deposits are insured for $250,000 by the National Credit Union Administration.
Certificates have substantial penalty for early withdrawal.

New Auto Loans at First Community Credit Union

TermAPR
36 months; min. $500as low as 1.99%
48 months; under $9,999as low as 2.49%
60 months; min. $10,000as low as 2.49%
66 months; min. $10,000as low as 3.25%
72 months; min. $20,000as low as 3.25%
84 months; min. $25,000as low as 3.25%*
Rates, terms and conditions are subject to change without notice. Rates and terms shown are available on models seven years or newer. Models eight years and older have different rates, terms and conditions. 
Auto, motorcycle, boat, personal watercraft and campers, Vacation, Member’s Choice, Wedding and New You loan rates determined by credit history. Call 1-800-767-8880 or (636) 728-3333 for details. Conditions and fees may apply.
*Promotional rate valid December 6, 2021 through February 6, 2022.

Used Auto Loans

TermAPR
36 months; min. $500as low as 1.99%
48 months; under $9,999as low as 2.49%
60 months; min. $10,000as low as 2.49%
66 months; min. $10,000as low as 3.25%
72 months; min. $20,000as low as 3.25%
84 months; min. $25,000as low as 3.25%*
Rates, terms and conditions are subject to change without notice at First Community Credit Union. Rates show are available on models seven years or newer. Models eight years and older have different rates, terms and conditions.  
Auto, motorcycle, boat, personal watercraft and campers, Vacation, Member’s Choice, Wedding and New You loan rates determined by credit history. Call 1-800-767-8880 or (636) 728-3333 for details. Conditions and fees may apply.
*Promotional rate valid December 6, 2021 through February 6, 2022. 

Recreational Vehicle Loans

Loan TypeTermsAPR
New & Used Motorcyclesup to 60 monthsas low as 4.24%
New & Used Motorcycles72 months; minimum $20,000 (MO & IL residents only)as low as 5.24%
Boats, ATVs, RVs, and campersup to 60 months as low as 6.45%
Boats, ATVs, RVs, and campers61 – 120 months)as low as 7.45%
Rates, terms and conditions are subject to change without notice.
Auto, motorcycle, boat, personal watercraft and campers, Vacation, Member’s Choice, Wedding and New You loan rates determined by credit history. Call 1-800-767-8880 or (636) 728-3333 for details. Conditions and fees may apply.

Personal Loans at First Community Credit Union

Loan TypeTermAPR
Vacation/Holiday Loanup to 12 monthsas low as 8.00%
Member’s Choice (Signature Loan)up to 60 monthsas low as 9.45%
The Wedding Loan (Signature Loan)up to 60 months as low as 7.49%
New You Loanup to 60 monthsas low as 9.45%
Overdraft Protection Line of Credit$35/month per $100012.95%
Stock Securedup to 60 months or one payment note renewable every 6 months6.00%
Share Securedup to 12 months or one payment note renewable every 6 monthsShare rate + 2%
Certificate Securedup to 60 months or one payment note renewable every 6 months, not to exceed maturityCD rate + 2%
Rates, terms and conditions are subject to change without notice.
Auto, motorcycle, boat, personal watercraft and campers, Vacation, Member’s Choice, Wedding and New You loan rates determined by credit history. Call 1-800-767-8880 or (636) 728-3333 for details. Conditions may apply.

Home Equity Loans

Loan TypeTermAPR
First Line Equity10 year amortization3.99%
Choice Equity10 year amortization5.75%
Choice Equity15 year amortization5.75%
Home Improvement Loan120 months5.75%

First Community Credit Union – Final Thoughts

FCCU in Missouri is a good looking credit union. They have pretty much any product you could imagine, plus, they have some unique things like their Skip-A-Pay loans. They have widely accessible cash through their ATM partnerships and also make a lot of efforts to give back to the community, which is great. Their website even offers accessibility options, so, if you have certain disabilities, their site can accommodate you.

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*All information in this article was current at the time of this writing, however, it could change without notice. We do our best to keep these updated, however, there is no guarantee you will find the same information on the CU’s website or at the time of opening an account with them.

*This site is not affiliated with the Credit Union mentioned in this article.

Bob Buckley

Bob Buckley writes about food and business.