Overview / Commentary
1st Gateway Credit Union is headquartered in Camanche and is the 18th largest credit union in the state of Iowa. It is also the 1,290th largest credit union in the nation. It was established in 1953 and as of June of 2021, it had grown to 43 employees and 11,195 members at 8 locations. 1st Gateway Credit Union has a B+ health rating.
Field of Membership Restrictions
1st Gateway Credit Union is open to those who work or live in the Iowa counties of Scott, Muscatine, Jones, Clinton, Cedar, Dubuque, Johnson, Jackson, Linn, Clayton, and Delaware and the Illinois counties of Winnebago, Jo Daviess, Lee, Rock Island, Whiteside, LaSalle. DeKalb, Bureau, Stephenson, Ogle, Henry, Boone, and Carroll. Family members are also welcome to join.
See current membership details
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Health
B+
Data as of Q2 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63124 |
| Year Chartered | 1953 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.51% |
| Return on Equity - YTD | 4.91% |
| Annual Interest Income | $3.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2021vs Q2 2020 | $183.5MM$173.8MM |
| Loans | Q2 2021vs Q2 2020 | $120.0MM$123.5MM |
| Deposits | Q2 2021vs Q2 2020 | $156.7MM$143.0MM |
| Equity Capital | Q2 2021vs Q2 2020 | $19.1MM$18.1MM |
| Loan Loss Allowance | Q2 2021vs Q2 2020 | $775.00K$632.00K |
| Unbacked Noncurrent Loans | Q2 2021vs Q2 2020 | $2.0MM$790.00K |
| Real Estate Owned | Q2 2021vs Q2 2020 | $182.00K$458.00K |