First Community
First Community Credit Union is a member-owned, not-for-profit financial institution headquartered in Chesterfield, Missouri, serving individuals, families, and small businesses across the St. Louis metro (Missouri and Illinois) with deposit, lending, insurance, and digital banking products through 50+ branches and ATMs since 1934.
- Company typePrivate
- Founded1934
- HeadquartersChesterfield, United States
- Headcount251–500
- GTM typeB2B and B2C
- OfferingServices
What First Community does
First Community Credit Union is a member-owned, not-for-profit financial institution chartered under Missouri state law and headquartered at 17151 Chesterfield Airport Road in Chesterfield, Missouri. Founded in 1934, it serves individuals, families, and small-to-medium businesses across the St. Louis metropolitan area spanning Missouri and Illinois. The credit union operates more than 50 branch and ATM locations — including in-store branches inside Walmart — alongside iOS/Android mobile apps, online banking, and surcharge-free access via the CO-OP credit union shared branching network. Its purpose, as stated, is to improve the economic and social conditions of its members by returning profits through more favorable loan rates, higher savings yields, and lower fees than for-profit competitors.
First Community firmographics
Firmographics- Name
- First Community
- Legal name
- First Community Credit Union
- Website
- https://firstcommunity.com
- Company type
- Private
- Founded year
- 1934
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- First Community Credit Union is a member-owned, not-for-profit financial institution headquartered in Chesterfield, Missouri, serving individuals, families, and small businesses across the St. Louis metro (Missouri and Illinois) with deposit, lending, insurance, and digital banking products through 50+ branches and ATMs since 1934.
- Ownership category
- akta.pro rank
First Community industry classification
Industry- Product category
- Retail Banking
- NAICS
- Credit Unions (52213)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
- akta.pro secondary industry
- Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops) (FSABAEAL)
Keywords
Where First Community is headquartered
LocationHeadquarters
- HQ city
- Chesterfield
- HQ country
- United States
- HQ region
- North America
Offices50 records
Markets served
First Community business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others
Revenue model
- Loan Interest Income: Interest earned from personal loans, home loans, auto loans, business loans, and credit cards. As a credit union, profits are returned to members through lower loan rates and higher savings rates.
- Membership/Share Deposits: Members maintain share savings accounts with minimum deposits. Membership is required to access credit union services.
- Service Fees: Various service charges including overdraft fees, ATM fees (refunded on certain accounts), wire transfer fees, and insufficient funds fees.
- Insurance Services: Revenue from First Community Insurance Agency, a wholly-owned subsidiary offering home, auto, business, life, and health insurance products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Monthly | First Rate Checking - High-yield rewards checking account |
| Hybrid | Monthly | Cashback Checking - Cash back on debit card purchases |
| Other | Monthly | Checking 1 - Basic checking account |
| Hybrid | Monthly | College Cashback Checking - For college students |
| Usage-based | Pay-as-you-go | Home Equity Line of Credit (HELOC) |
| Unit Pricing | Monthly | Member's Best Home Loan |
| Subscription | Annual | Certificates of Deposit |
| Subscription | Monthly | Share Savings Accounts |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels9 records
First Community product offering
Product offeringCore offering
First Community Credit Union is a member-owned, not-for-profit financial institution serving the St. Louis metropolitan area since 1934. It provides personal and business deposit accounts, consumer and commercial loan products, credit cards, digital banking services, insurance through its wholly-owned subsidiary, and investment services across more than 40 branches and ATMs in Missouri and Illinois.
Product overview
First Community Credit Union is a member-owned financial institution serving the St. Louis metro area since 1934, offering a comprehensive suite of banking products and services through a platform built on Kasasa technology. The product portfolio centers on core deposit accounts (checking and savings products including First Rate Checking with competitive APY rates, Cashback Checking, and Money Market accounts), loan products (auto loans, home loans, HELOCs, personal loans, student loans, and business lending), and business banking services. Digital services include online and mobile banking with remote deposit capture, digital wallet support, surcharge-free ATM access through the CO-OP Network, and P2P payment capabilities. Supplementary offerings include investment services, insurance products through the First Community Insurance Agency subsidiary, and financial wellness tools including credit score monitoring, card controls, and money management features. The company operates over 40 branch and ATM locations across Missouri and Illinois.
Differentiator
Problem solved
Functional benefit
Products and services
- First Rate Checking
Companies that use First Community
Customer profileSegments4 records
Ideal customer profiles4 records
First Community technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
First Community partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- St. Louis BluescoreFirst Community Credit Union is the Presenting Partner of Blues Youth Hockey and enables youth to learn hockey through Little Blues and Girls Development League Learn-to-Play programs. Partnership expanded in 2023-2024 to include naming rights for the First Community Terrace at Enterprise Center and title sponsorship of the Blues Hall of Fame. Collaboration includes support for the North City Blues program providing free equipment, coaching, and introductions to hockey for youth and families.
- CO-OP Credit Union NetworkcoreFirst Community Credit Union participates in the CO-OP shared branching network providing surcharge-free ATM access to members at thousands of locations nationwide. Members can access their accounts at any CO-OP network ATM without fees.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
First Community competitors and assessment
Company assessmentOthers
- Kasasa: Technology and rewards platform provider used by First Community to power checking, savings, and digital banking features — relevant ecosystem partner whose roadmap and pricing influence First Community's product economics and digital competitiveness.
Broad incumbents
- Bank of America: National retail and commercial bank with a heavy St. Louis metro presence; competes on deposits, mortgages, credit cards, and small-business banking — a broad incumbent setting competitive benchmarks on price, digital, and scale.
- JPMorgan Chase: Largest U.S. retail bank with extensive St. Louis metro branches and a leading digital and credit card franchise — sets the competitive ceiling on digital experience, product breadth, and rate competitiveness that First Community must match.
Direct peers
- Arsenal Credit Union: Arnold, Missouri-based credit union serving the St. Louis metro with consumer deposits, lending, and digital banking — directly competes with First Community for the same households and small businesses in the South St. Louis market.
- Mazuma Credit Union: Kansas City-area credit union but serving Missouri members broadly with full deposit, lending, and digital banking products — a comparable member-owned credit union in Missouri competing for similar retail and small-business relationships.
- Scott Credit Union: Collinsville, Illinois-headquartered credit union serving Metro East St. Louis, offering deposit, loan, mortgage, and business products — directly comparable as an Illinois-anchored credit union operating in the same St. Louis metro footprint.
- United Credit Union: Illinois-based credit union with strong presence across the St. Louis Metro East market, offering personal and business banking, mortgages, and digital services — competes head-to-head with First Community in the Illinois side of the metro.
Regional players
- Truity Credit Union: Springfield, Missouri-based credit union serving members across Oklahoma and Missouri with full-service consumer and business banking — comparable Missouri-rooted credit union of similar size and product breadth, though operating in a different metro.
- Commerce Bank: Kansas City-based regional bank with a significant St. Louis metro branch presence offering consumer, mortgage, and business banking — directly competing with First Community in the St. Louis market from a regional-bank perspective.
- Great Southern Bank: Springfield, Missouri-headquartered regional bank with consumer, mortgage, and business banking across the Midwest — comparable regional Midwestern financial institution competing for similar retail and small-business customers in Missouri.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
First Community social profiles
Digital presenceFirst Community financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Community leadership team
Management profileNumber of profiles
First Community subsidiaries and ownership
Company hierarchySubsidiaries1 record
First Community funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Community M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Community
What does First Community do?
First Community Credit Union is a member-owned, not-for-profit financial institution serving the St. Louis metropolitan area since 1934. It provides personal and business deposit accounts, consumer and commercial loan products, credit cards, digital banking services, insurance through its wholly-owned subsidiary, and investment services across more than 40 branches and ATMs in Missouri and Illinois.
Is First Community a public or private company?
First Community is a private company. It is classified as management employee owned and is currently operating.
When was First Community founded?
First Community was founded in 1934. It employs 251 to 500 people.
Where is First Community based?
First Community is headquartered in Chesterfield, United States, in the North America region.
How does First Community make money?
Four revenue lines are on record. Loan Interest Income is the primary driver. The others are membership/Share Deposits, service Fees and insurance Services.
Who are First Community's main competitors?
Kasasa is listed as an others. Broad incumbents are Bank of America and JPMorgan Chase. Direct peers are Arsenal Credit Union, Mazuma Credit Union, Scott Credit Union and United Credit Union. Regional players are Truity Credit Union, Commerce Bank and Great Southern Bank.
Does First Community have an API?
No public API is recorded for First Community.
What industry is First Community in?
First Community's product category is Retail Banking. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus), with a secondary code of FSABAEAL, Federations/Centrals & Cooperative Banking Networks (2nd-Tier Co-ops). Its NAICS code is 52213 and its SIC code is 6141.