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 25th largest credit union in the state of Iowa. It is also the 1,844th largest credit union in the nation. It was established in 1925 and as of June of 2018, it had grown to 18 employees and 8,517 members at 2 locations. First Class Community Credit Union has a B health rating.

Field of Membership Restrictions

First Class Credit Union of Iowa is open to the residents and the people that maintain employment within these eligible counties: Polk, Story, Jasper, Marion, Warren, Madison, Boone, Dallas, Plymouth, Cherokee, Ida, Woodbury, Crawford, and Monona, postal service employees and their families, along with the employees of the credit union affiliated select employee groups.
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Health
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 - YTD0.4%
Return on Equity - YTD4.73%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$79.5MM$75.1MM
LoansQ2 2018vs Q2 2017$32.8MM$34.0MM
DepositsQ2 2018vs Q2 2017$70.5MM$67.4MM
Equity CapitalQ2 2018vs Q2 2017$6.6MM$6.4MM
Loan Loss AllowanceQ2 2018vs Q2 2017$236.00K$249.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$602.00K$297.00K
Real Estate OwnedQ2 2018vs Q2 2017$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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