First Class Community Credit Union


Overview / Commentary
515-282-7363
2051 Westown Pkwy
West Des Moines, IA 50265-1541

First Class Community Credit Union is headquartered in West Des Moines and is the 26th largest credit union in the state of Iowa. It is also the 1,855th largest credit union in the nation. It was established in 1925 and as of June of 2019, it had grown to 18 employees and 8,617 members at 2 locations. First Class Community Credit Union has a B+ health rating.

Field of Membership Restrictions

First Class Credit Union is open to postal employees in the state of Iowa, and those who live or work in Boone, Cherokee, Crawford, Dallas, Ida, Jasper, Madison, Marion, Monona, Polk, Story, Plymouth, Woodbury, or Warren counties.
See current membership details

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Health
B+
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Class Community Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #64231
Year Chartered1925
Employees18
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD3.4%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$79.4MM$79.5MM
LoansQ2 2019vs Q2 2018$36.0MM$32.8MM
DepositsQ2 2019vs Q2 2018$70.9MM$70.5MM
Equity CapitalQ2 2019vs Q2 2018$7.0MM$6.6MM
Loan Loss AllowanceQ2 2019vs Q2 2018$269.00K$236.00K
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$522.00K$602.00K
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Class Community Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Individual Retirement Account
0.10%$300-Platinum Share Investment Account
0.10%$300-Youth Share Account
0.10%$300-Holiday Club Account

First Class Community Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%$2k-Money Market Account

First Class Community Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$10k*-60 Month Share Certificate
OTHER TIERS: 1.05% $5k - $10k
1.20%*$10k*-48 Month Share Certificate
OTHER TIERS: 0.95% $5k - $10k
1.05%*$10k*-36 Month Share Certificate
OTHER TIERS: 0.85% $5k - $10k
0.85%*$10k*-24 Month Share Certificate
OTHER TIERS: 0.50% $500 - $5k | 0.75% $5k - $10k
0.50%$1k-12 Month Share Certificate

First Class Community Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.51%*$10k*-60 Month IRA Certificate
OTHER TIERS: 1.05% $5k - $10k
1.20%*$10k*-48 Month IRA Certificate
OTHER TIERS: 0.95% $5k - $10k
1.05%*$10k*-36 Month IRA Certificate
OTHER TIERS: 0.85% $5k - $10k
0.85%*$10k*-24 Month IRA Certificate
OTHER TIERS: 0.50% $500 - $5k | 0.75% $5k - $10k
0.50%$1k-12 Month IRA Certificate
Locations


First Class Community Credit Union Locations
Branch Office2051 Westown PkwyWest Des Moines, IA 50265-1541
Branch Office303 Euclid AveDes Moines, IA 50313-4349

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