1st Community Federal Credit Union

What 1st Community Federal Credit Union does

1st Community Federal Credit Union (1st Community FCU, DBA) is a federally chartered, member-owned cooperative financial institution headquartered at 3505 Wildewood Dr., San Angelo, Texas, serving the Concho Valley region and, following a recent field-of-membership expansion, additional Texas counties. Its field of membership consists of individuals who live, work, worship, or attend school in those counties, as well as local small businesses. The institution is regulated by the NCUA, with deposits federally insured to at least $250,000, and operates under NMLS #403173 with routing number 311382527.

The credit union operates a full-service retail and small-business banking franchise spanning core deposit products (ePlus checking, savings, money market, certificates, IRAs, club accounts), consumer lending (auto loans starting at 4.00% APR, boat/RV/motorcycle/ATV financing, mortgages via partnership, home equity, home improvement, personal loans at 9.00% APR, student loans, share-secured loans), credit cards (1CFCU VISA Rewards), and a business suite (checking, real estate loans, equipment loans, operating loans, lines of credit, business credit cards, merchant services via Elavon). Adjacent offerings include financial planning, annuities, IRAs, and loan protection insurance products. The technology stack is built primarily on third-party vendor relationships: Bankjoy for the iOS/Android mobile banking application, a new online banking platform launched April 2026 replacing the prior 'It's Me 247' system, Velera as the debit and credit card processor (converted March 2026), Member First Mortgage for home loan origination and servicing, and the CO-OP Credit Unions shared branch and surcharge-free ATM network for distribution. Distribution combines owned branch locations in San Angelo with 24/7 self-service digital banking channels and a global ATM footprint.

The revenue model is that of a traditional deposit-taking, net interest margin institution: interest income on loans (auto, mortgage, home equity, personal, business) is the primary recurring revenue stream, supplemented by interest earned on member deposits, fee-based income (debit/credit card fees, overdraft, wire transfer, stop payment), and commissions or licensing revenue from investment and insurance product sales. Go-to-market is a direct-to-consumer community motion targeting eligible Texas residents and local businesses, executed through physical branches, the website (1cfcu.org), social media presence (Facebook, Twitter/X), email newsletters, and mobile app store listings. Pricing is competitive rather than disclosed publicly; loan APRs are stated as starting rates (auto 4.00%, personal loan special 9.00%, boat/motor/trailer 7.75%) and vary by creditworthiness and product.

Name

1st Community Federal Credit Union

Legal name

1st Community Federal Credit Union

Website

https://1cfcu.org

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

101–250 employees

Short description

1st Community Federal Credit Union is a federally chartered, member-owned cooperative bank headquartered in San Angelo, Texas, serving retail consumers and local small businesses across Texas counties with deposits, consumer and commercial lending, mortgages, credit cards, and digital banking.

Ownership category

akta.pro rank

Product category

Retail Banking (Community Credit Union)

NAICS

Credit Unions (52213)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)

Keywords

• Retail banking services
• Consumer lending
• Membership credit union
• Mortgage lending
• Community banking

Headquarters

HQ city

San Angelo

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income on Loans: Primary revenue source from interest charged on various loan products including auto loans, mortgages, home equity, personal loans, and business loans.
2. Interest on Deposits: Interest earned on member deposits including savings, checking, money market accounts, and certificates.
3. Fee-based Income: Various fees including debit/credit card fees, overdraft fees, wire transfer fees, stop payment fees, and other service charges.
4. Investment Products: Revenue from sale of investment and insurance products including annuities and financial planning services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

1st Community Federal Credit Union is a member-owned, NCUA-insured community credit union headquartered in San Angelo, Texas, providing deposit accounts (checking, savings, money market, CDs, IRAs), consumer loans (auto, boat/RV, mortgage, home equity, personal, student), credit cards, business banking, insurance, annuities, and 24/7 digital banking via a new Bankjoy-powered online and mobile platform to members in its Texas field-of-membership counties.

Product overview

1st Community Federal Credit Union operates as a full-service financial institution offering a comprehensive suite of banking products and services. The portfolio includes core deposit accounts (checking, savings, money market, certificates, IRAs), consumer lending (auto loans, boat/RV loans, mortgages via partnership, home equity, personal loans, student loans), credit cards (VISA Rewards), and business banking (accounts, loans, credit cards). Digital banking is delivered through new online banking platform and mobile apps with features including mobile deposits, bill pay, and mobile wallets. Additional services encompass financial planning, insurance products, annuities, and merchant services for business members.

Differentiator

Problem solved

Functional benefit

Products and services

• ePlus Checking

Quantifiable outcome

• Auto loan rates as low as 4.00%
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Member First MortgagecoreStrategic or Co-development PartnerMember First Mortgage, LLC (616 44th Street SE, Grand Rapids, MI 49548, NMLS ID: 149532) is a licensed mortgage lender/servicer and strategic partner of 1st Community FCU, providing mortgage loan origination and servicing capabilities. MFM operates under NMLS ID 403173 alongside the credit union.
• VeleracoreTechnology or IntegrationVelera is the debit and credit card processor for 1st Community FCU. A card processor conversion was announced for March 16, 2026, indicating an ongoing technology partnership for payment processing services.
• BankjoycoreTechnology or IntegrationBankjoy provides the mobile banking application platform powering 1st Community FCU's mobile banking experience, available on iOS and Android app stores.
• CO-OP Credit UnionscoreChannel Partner/ Reseller/ DistributorCO-OP Credit Unions provides the shared branch and surcharge-free ATM network enabling 1st Community FCU members to access fee-free ATMs worldwide and shared branch services.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Others

• Bankjoy: Digital banking platform provider powering 1st Community FCU's mobile banking app and new online banking experience. An adjacent technology enabler rather than a competing depository institution.
• Velera: Debit and credit card processor for 1st Community FCU, handling the 2026 card processor conversion. Adjacent infrastructure provider rather than a competing depository institution.

Regional players

• Abilene Teachers Federal Credit Union: West Texas-based federal credit union headquartered in Abilene, geographically proximate to 1st Community FCU's San Angelo footprint. Comparable community FCU model serving a regional Texas market.

Direct peers

• InTouch Credit Union: Texas-based credit union headquartered in Plano, offering consumer, mortgage, and business banking products across a multi-county Texas field of membership. Comparable charter and product breadth.
• Texas Trust Credit Union: Texas-based credit union serving the Dallas-Fort Worth region with consumer and business banking products. Comparable federal credit union charter and full-service retail model.
• Security Service Federal Credit Union: Large Texas-based federal credit union headquartered in San Antonio, offering a comparable full-service consumer and business banking product suite across the state. Closely comparable in charter, federal regulation, and member-owned cooperative model.
• Members Choice Credit Union: Texas-based community credit union offering consumer deposit and lending products across its Central Texas field of membership. Comparable small-to-mid scale community FCU operating model.
• Randolph-Brooks Federal Credit Union: One of the largest credit unions in Texas, serving members across the state with similar consumer, mortgage, and business banking products. Comparable federal credit union charter and broad Texas footprint.
• Firstmark Credit Union: Texas-based credit union headquartered in San Antonio, providing consumer, mortgage, and business banking products to a Texas field of membership. Closely comparable in charter type and product breadth.
• TDECU: Texas Dow Employees Credit Union, a large Texas-based credit union offering deposit, lending, mortgage, and wealth products statewide. Same federal credit union charter and full-service retail banking model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/1cfcu
• Facebookfacebook.com/1st-Community-Federal-Credit-Union-134695766590128

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st Community Federal Credit Union