Overview / Commentary
1st Gateway Credit Union is headquartered in Camanche and is the 19th largest credit union in the state of Iowa. It is also the 1,393rd largest credit union in the nation. It was established in 1953 and as of December of 2022, it had grown to 43 employees and 10,691 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 Q4 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63124 |
| Year Chartered | 1953 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.65% |
| Return on Equity - YTD | 5.26% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2022vs Q4 2021 | $167.4MM$176.6MM |
| Loans | Q4 2022vs Q4 2021 | $132.5MM$117.3MM |
| Deposits | Q4 2022vs Q4 2021 | $140.3MM$150.0MM |
| Equity Capital | Q4 2022vs Q4 2021 | $20.7MM$19.6MM |
| Loan Loss Allowance | Q4 2022vs Q4 2021 | $649.00K$732.00K |
| Unbacked Noncurrent Loans | Q4 2022vs Q4 2021 | $851.00K$2.0MM |
| Real Estate Owned | Q4 2022vs Q4 2021 | $0$136.00K |