First Class Community Credit Union
Overview / Commentary
First Class Community Credit Union is headquartered in West Des Moines and is the 31st largest credit union in the state of Iowa. It is also the 1,859th largest credit union in the nation. It was established in 1925 and as of March of 2025, it had grown to 19 employees and 7,305 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 the Iowa counties of Boone, Cherokee, Crawford, Dallas, Ida, Jasper, Madison, Marion, Monona, Polk, Story, Plymouth, Woodbury, or Warren.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional 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 Chartered | 1925 |
| Employees | 19 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.66% |
| Return on Equity - YTD | 8.17% |
| Annual Interest Income | $841K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $97MM$96.6MM |
| Loans | Q1 2025vs Q1 2024 | $37.9MM$38.3MM |
| Deposits | Q1 2025vs Q1 2024 | $88.4MM$88.6MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.8MM$6.3MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $349K$346K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $446K$709K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |