First Credit Union (IA)

First Credit Union (IA) is headquartered in CEDAR RAPIDS and is the 12^st largest credit union in the state of Iowa. It is also the 1,101^st largest credit union in the nation. It was established in 1926 and as of December of 2011, it had grown to 17 employees and 8,067 members. First Credit Union (IA)'s money market rates are 36% higher than the national average, and it has a 4-star health rating.

First Credit Union (IA) Checking Account Rates

First Credit Union (IA) Savings Account Rates

First Credit Union (IA) Money Market Rates

First Credit Union (IA) CD Rates

Data for Q4 2011

Institution Statistics FIRST NCUA # 24673 BankRate Report View Year Chartered 1926 Employees 17 Primary Regulator Assets and Liabilities Assets $144.18 million Loans $131.28 million Deposits $106.42 million Equity Capital $15.59 million Loan Loss Allowance $979,000 Unbacked Noncurrent Loans $2.63 million Real Estate Owned $608,000 Historic Data - December 2010 Assets $138.10 million Equity Capital $14.15 million Loan Loss Allowance $913,000 Unbacked Noncurrent Loans $1.59 million Real Estate Owned $249,000 Profit Margin - Quarterly Net Interest Margin 3.97% Return on Assets 1% Return on Equity 9.22% Interest Income $7.66 million Non-Interest Income $1.24 million

Institution Health Overall Score: 4 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 Credit Union (IA) had $3.24 million in non-current loans and owned real-estate with $16.57 million in equity and loan loss allowances on hand to cover it. This gives First Credit Union (IA) a Texas Ratio of 19.57% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for First Credit Union (IA) increased slightly from 12.18% as of December 31, 2010 to 19.57% as of December 31, 2011, resulting in a negative change of 60.66%. This indicates that the balance sheet and financial strength for First Credit Union (IA) has declined slightly in recent periods. Deposit Growth In the past year, First Credit Union (IA) has increased its total deposits by $8.65 million, resulting in 8.84% 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 Credit Union (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 Credit Union (IA) has $144.18 million in assets with $16.57 million in equity, resulting in a capitalization level of 11.49%, which is above average.

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