2. First Federal Credit Union

First Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
2.50%18-month CD
1.61% - National Average
0.10%Savings
0.26% - National Average
3.00%3-year CD
1.88% - National Average
View all First Federal Credit Union rates »

Overview / Commentary
www.firstfedcu.com
319-743-7806
1035 N Center Point Rd
Hiawatha, IA 52233

First Federal Credit Union is headquartered in Hiawatha and is the 17th largest credit union in the state of Iowa. It is also the 1,231st largest credit union in the nation. It was established in 1926 and as of December of 2018, it had grown to 26 employees and 7,308 members at 4 locations. First Federal Credit Union 's money market rates are 2X 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 Buena Vista, Clay, Dickinson, and Linn Counties, Iowa.
See current membership details

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Reviews (1)

Positive Experience

Posted by: nakishagraham2 | Apr 8, 2017

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.

1


Health
A

Data as of Q4 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #24673
Year Chartered1926
Employees26
Primary Regulator
Profit Margin
Return on Assets - YTD0.26%
Return on Equity - YTD2.77%
Annual Interest Income$5.5MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$156.0MM$136.8MM
LoansQ4 2018vs Q4 2017$125.7MM$107.0MM
DepositsQ4 2018vs Q4 2017$120.5MM$106.3MM
Equity CapitalQ4 2018vs Q4 2017$14.5MM$14.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$1.5MM$2.4MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$839.00K$1.3MM
Real Estate OwnedQ4 2018vs Q4 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 Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$1$501Kids First Savings
OTHER TIERS: 0.25% → $501+
0.25%$100-IRA Savings
0.10%--Share Savings
0.10%--Christmas Club

First Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$25k*$500kPersonal Money Market
OTHER TIERS: 0.10% → $1+ | 0.35% → $10k - $25k
0.70%*$25k*$500kBusiness/Entity Money Market
OTHER TIERS: 0.10% → $1+ | 0.35% → $10k - $25k

First Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$1$501No Strings Checking
OTHER TIERS: 0.05% → $501+
0.55%*$200k*$500kC Day Account
OTHER TIERS: 0.10% → $1+ | 0.15% → $10k - $25k | 0.25% → $25k - $50k | 0.35% → $50k - $100k | 0.45% → $100k - $200k

First Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$10k-34 Month CD Special
2.75%$10k-28 Month CD Special
2.50%$10k-16 Month CD Special
Locations


First Federal Credit Union Locations
Branch Office425 1st Ave SWCedar Rapids, IA 52405
Branch Office1035 N Center Point RdHiawatha, IA 52233
Branch Office901 11th St SW Ste 27Spencer, IA 51301-5500
Branch Office3810 Westdale Pkwy SWCedar Rapids, IA 52404

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