First Federal Credit Union is headquartered in Hiawatha and is the 17th largest credit union in the state of Iowa. It is also the 1,307th largest credit union in the nation. It was established in 1926 and as of December of 2021, it had grown to 28 employees and 11,356 members at 5 locations. First Federal Credit Union 's money market rates are 82% higher than the national average, and it has a B+ 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
Related Posts
5/30/16 - First Federal CU (IA) Adds New CD Specials
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10/15/15 - First Federal Credit Union (IA) Adds Competitive CD Specials
2/23/15 - First Federal Credit Union (IA) Has Four Competitive Rate CD Specials
2/14/15 - First Federal CU CD Specials (21-Mo 1.50%APY, 35-Mo 2%APY, 59-Mo 2.50%APY)
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.
Data as of Q4 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24673 |
| Year Chartered | 1926 |
| Employees | 28 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 3.79% |
| Annual Interest Income | $6.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2021vs Q4 2020 | $183.4MM$185.5MM |
| Loans | Q4 2021vs Q4 2020 | $152.2MM$144.3MM |
| Deposits | Q4 2021vs Q4 2020 | $138.2MM$137.6MM |
| Equity Capital | Q4 2021vs Q4 2020 | $16.5MM$16.0MM |
| Loan Loss Allowance | Q4 2021vs Q4 2020 | $931.00K$1.2MM |
| Unbacked Noncurrent Loans | Q4 2021vs Q4 2020 | $1.8MM$2.0MM |
| Real Estate Owned | Q4 2021vs Q4 2020 | $0$224.00K |