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First Federal Credit Union (IA)

Popular Accounts at this Credit Union

2.00%2-year CD29 Month CD Special
1.25%5-year CD60 Month CD
0.40%1-year CD12 Month CD

Overview / Commentary
1035 N Center Point Rd
Hiawatha, IA 52233

First Federal Credit Union (IA) is headquartered in Hiawatha and is the 18th largest credit union in the state of Iowa. It is also the 1,419th largest credit union in the nation. It was established in 1926 and as of December of 2016, it had grown to 20 employees and 7,607 members at 2 locations. First Federal Credit Union (IA)'s money market rates are 59% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in First Federal Credit Union is open to those who live, work, or worship in Linn County, Iowa.
See current membership details

Related Posts

First Federal CU (IA) Offers New CD Specials - 11/30/2016

First Federal CU (IA) has added a 16-month CD Special (1.50% APY) and 29-month CD Special (2.00% APY). Both require a $10k minimum deposit of new money.

First Federal CU (IA) Adds New CD Specials - 5/30/2016

First Federal CU (IA) has three new CD Specials: 13-month (1.50% APY), 25-month (1.75% APY), and 33-month (2.00% APY). Minimum deposit is $10k of new money, with no balance cap.

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Reviews (1)

Positive Experience

I have been a member of my credit union since I was in grade school. They started off with only one location in our city. Currently there is a second location. Next year there will be a third. I currently have my checking account and saving account at this institution. I previously have had certificates of deposit here, though currently I don't have any at this institution. I have moved my cd's to a different credit union because they are paying better rates. I pay no fees for my savings or checking account, other than the cost of checks. I used to go in person to the credit union branch often, however with the prominence of direct deposit, I don't frequently visit the branch. I do still drop by to turn in change or cash random checks I receive. I have always had a pleasant experience when visiting my credit union. I have also dealt with them on the phone. They usually have a hold time. Most of the time the people are pleasant.


Health Grade Components

NCUA #24673
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD1.49%
Return on Equity - YTD13.54%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$117.8MM$114.8MM
LoansQ4 2016vs Q4 2015$98.1MM$94.5MM
DepositsQ4 2016vs Q4 2015$88.0MM$86.9MM
Equity CapitalQ4 2016vs Q4 2015$12.8MM$11.0MM
Loan Loss AllowanceQ4 2016vs Q4 2015$3.3MM$4.8MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$935.00K$931.00K
Real Estate OwnedQ4 2016vs Q4 2015$176.00K$344.00K
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

First Federal Credit Union (IA) Savings Account Rates

5.00%*-$500Kids First Savings
OTHER TIERS: 0.25% $500+
0.25%$100-IRA Savings
0.25%$100-Roth IRA Savings
0.25%$100-Education IRA Savings
0.10%--Share Savings
0.10%--Christmas Club

First Federal Credit Union (IA) Money Market Rates

0.70%*$25k*$500kMoney Market Savings
OTHER TIERS: 0.10% Any amount | 0.35% $10k - $25k

First Federal Credit Union (IA) Checking Account Rates

5.00%*-$500No Strings Checking
OTHER TIERS: 0.05% $500+
0.55%*$200k*$500kC Day Account
OTHER TIERS: 0.10% Any amount | 0.15% $10k - $25k | 0.25% $25k - $50k | 0.35% $50k - $100k | 0.45% $100k - $200k

First Federal Credit Union (IA) CD Rates

2.25%$10k-37 Month CD Special
2.00%$10k-29 Month CD Special
1.50%$10k-17 Month CD Special
1.25%*$10k*-60 Month CD
OTHER TIERS: 1.00% $1k - $10k
0.95%*$10k*-48 Month CD
OTHER TIERS: 0.70% $1k - $10k
0.85%*$10k*-36 Month CD
OTHER TIERS: 0.60% $1k - $10k
0.65%*$10k*-30 Month CD
OTHER TIERS: 0.40% $1k - $10k
0.55%*$10k*-18 Month CD
OTHER TIERS: 0.30% $1k - $10k
0.55%*$10k*-24 Month CD
OTHER TIERS: 0.30% $1k - $10k
0.40%*$10k*-9 Month CD
OTHER TIERS: 0.20% $1k - $10k
0.40%*$10k*-12 Month CD
OTHER TIERS: 0.20% $1k - $10k
0.25%*$10k*-6 Month CD
OTHER TIERS: 0.05% $1k - $10k
0.20%*$10k*-3 Month CD
OTHER TIERS: 0.05% $1k - $10k

First Federal Credit Union (IA) Locations
Branch Office425 1st Ave SWCedar Rapids, IA 52405
Branch Office1035 N Center Point RdHiawatha, IA 52233