First Class CU (IA)

First Class CU (IA) is headquartered in West Des Moines and is the 26^th largest credit union in the state of Iowa. It is also the 2,048^th largest credit union in the nation. It was established in 1925 and as of December of 2011, it had grown to 22 employees and 10,669 members. First Class CU (IA) has a 5-star health rating.

First Class CU (IA) Savings Account Rates

First Class CU (IA) Money Market Rates

First Class CU (IA) CD Rates

First Class CU (IA) IRA Rates

Data for Q4 2011

Institution Statistics FIRST CLASS NCUA # 64231 BankRate Report View Year Chartered 1925 Employees 22 Primary Regulator Assets and Liabilities Assets $58.01 million Loans $32.80 million Deposits $51.02 million Equity Capital $5.56 million Loan Loss Allowance $358,000 Unbacked Noncurrent Loans $580,000 Real Estate Owned $35,000 Historic Data - December 2010 Assets $53.64 million Equity Capital $5.47 million Loan Loss Allowance $450,000 Unbacked Noncurrent Loans $921,000 Profit Margin - Quarterly Net Interest Margin 6.52% Return on Assets 0.14% Return on Equity 1.44% Interest Income $2.42 million Non-Interest Income $1.08 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 First Class CU (IA) had $615,000 in non-current loans and owned real-estate with $5.92 million in equity and loan loss allowances on hand to cover it. This gives First Class CU (IA) a Texas Ratio of 10.39% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Class CU (IA) decreased slightly from 15.57% as of December 31, 2010 to 10.39% as of December 31, 2011, resulting in a positive change of 33.27%.This indicates that the balance sheet and financial strength for First Class CU (IA) has improved slightly in recent periods. Deposit Growth In the past year, First Class CU (IA) has increased its total deposits by $3.65 million, resulting in 7.71% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth First Class CU (IA) has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. First Class CU (IA) has $58.01 million in assets with $5.92 million in equity, resulting in a capitalization level of 10.20%, which is above average.

No reviews have been left for this bank yet. Be the first to review.