First Federal Credit Union is headquartered in Hiawatha and is the 17th largest credit union in the state of Iowa. It is also the 1,267th largest credit union in the nation. It was established in 1926 and as of September of 2022, it had grown to 31 employees and 12,543 members at 6 locations. First Federal Credit Union has a B+ health rating.
Membership in First Federal Credit Union is open to those who live, work, or worship in the Iowa counties of Benton, Buena Vista, Clay, Dickinson, or Linn.
See current membership details
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.
|Return on Assets - YTD||0.15%|
|Return on Equity - YTD||1.84%|
|Annual Interest Income||$5.2MM|
|Assets and Liabilities|
|Assets||Q3 2022vs Q3 2021||$195.8MM$182.3MM|
|Loans||Q3 2022vs Q3 2021||$165.0MM$149.1MM|
|Deposits||Q3 2022vs Q3 2021||$153.6MM$136.9MM|
|Equity Capital||Q3 2022vs Q3 2021||$15.8MM$16.5MM|
|Loan Loss Allowance||Q3 2022vs Q3 2021||$585.00K$983.00K|
|Unbacked Noncurrent Loans||Q3 2022vs Q3 2021||$2.0MM$1.7MM|
|Real Estate Owned||Q3 2022vs Q3 2021||$0$105.00K|
Rates for First Federal Credit Union are currently being reviewed.
|First Federal Credit Union Locations|
|Branch Office||425 1st Ave SW||Cedar Rapids, IA 52405|
|Branch Office||1035 N Center Point Rd||Hiawatha, IA 52233|
|Branch Office||901 11th St SW Ste 27||Spencer, IA 51301-5500|
|Branch Office||3810 Westdale Pkwy SW||Cedar Rapids, IA 52404|
|Branch Office||2590 6th St Ste 205||Marion, IA 52302|
|Branch Office||205 N Union Ave||Urbana, IA 52345|