Overview / Commentary
1st Gateway Credit Union is headquartered in Camanche and is the 21st largest credit union in the state of Iowa. It is also the 1,434th largest credit union in the nation. It was established in 1953 and as of September of 2024, it had grown to 44 employees and 10,597 members at 8 locations. 1st Gateway Credit Union has an A 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
A
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63124 |
| Year Chartered | 1953 |
| Employees | 44 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.8% |
| Return on Equity - YTD | 5.61% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $158.9MM$161.5MM |
| Loans | Q3 2024vs Q3 2023 | $127MM$135.7MM |
| Deposits | Q3 2024vs Q3 2023 | $135.8MM$132.9MM |
| Equity Capital | Q3 2024vs Q3 2023 | $22.9MM$21.7MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $652K$637K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $485K$1.1MM |
| Real Estate Owned | Q3 2024vs Q3 2023 | $285K$0 |