Safety and Soundness

The Safety and Soundness of the Credit Union and Your Deposits are of utmost importance to the Officials, Management and Staff of 1st Community Federal Credit Union.


1st Community is considered “well capitalized” by the National Credit Union Administration.  We received another excellent 5-Star rating from Bauer Financial.  Bauer Financial has been rating banks and credit unions since 1983 and their creed is “no institution pays for its rating, nor can they elude it”.  Please see below how your deposits are insured and protected.

The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members’ deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000. Additionally, a member’s interest in all joint accounts combined is insured up to $250,000. The Share Insurance Fund also separately protects members’ IRA accounts up to $250,000 and provides additional coverage for members’ trust accounts. The Share Insurance Fund has the backing of the full faith and credit of the United States. Credit union members have never lost even a penny of insured savings at a federally insured credit union.

Click Here to calculate your total federal deposit insurance coverage.
Remember, since 1st Community FCU has the ESI private insurance coverage shown to the right, you need to double what the NCUA calculator determines for coverage to determine your total deposit coverage.
People helping people helping people helping people achieve their financial goals1st Community provides additional coverage through Excess Share Insurance Corporation (ESI), a private insurance company, insuring 1st Community FCU member deposit accounts up to:

  • an additional $250,000 on individual accounts; and

  • an additional $250.000 on a member’s interest in all joint accounts combined; and

  • an additional $250,000 on members’ IRA retirement accounts; and

  • an additional $250,000 on a members’ trust accounts.