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First Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.40%2-year CD24 Month CD Special
2.35% - Ally Bank Raise Your Rate 2-Year CDAdvertisement
2.15%1-year CD12 Month CD Special
2.45% - Synchrony Bank 14 Month CD SpecialAdvertisement
2.90%4-year CD48 Month CD Special
2.60% - Goldman Sachs Bank USA High-yield 4 Year CDAdvertisement
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 1,324th largest credit union in the nation. It was established in 1926 and as of March of 2018, it had grown to 25 employees and 7,047 members at 4 locations. First Federal Credit Union 's CD rates are 2X 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

First Federal Credit Union (IA) Adds 48-Month CD Special - 3/5/2018

First Federal CU (Iowa) has three CD Specials: 48-month (3.00% APY), 24-month (2.50% APY), and 12-month (2.25% APY). Minimum deposit is $10k of new money.

First Federal Credit Union (IA) Offers 20-Month CD Special - 10/18/2017

First Federal CU (IA) has added three CD Specials: 10-month (1.75% APY), 20-month (2.00% APY), and 30-month (2.25% APY). Minimum deposit is $10k of new money.

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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
B+

Data as of Q1 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #24673
Year Chartered1926
Employees25
Primary Regulator
Profit Margin
Return on Assets - YTD0.1%
Return on Equity - YTD1.02%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$139.8MM$121.4MM
LoansQ1 2018vs Q1 2017$111.3MM$98.2MM
DepositsQ1 2018vs Q1 2017$110.2MM$93.1MM
Equity CapitalQ1 2018vs Q1 2017$14.1MM$13.2MM
Loan Loss AllowanceQ1 2018vs Q1 2017$2.1MM$2.9MM
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$2.0MM$1.3MM
Real Estate OwnedQ1 2018vs Q1 2017$0$212.00K
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%*-$500Kids First Savings
OTHER TIERS: 0.25% → $500+
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*$500kMoney Market Savings
OTHER TIERS: 0.10% → Any amount | 0.35% → $10k - $25k
0.70%*$25k*$500kBusiness/Entity Money Market
OTHER TIERS: 0.10% → Any amount | 0.35% → $10k - $25k

First Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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 CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.90%$10k-48 Month CD Special
2.40%$10k-24 Month CD Special
2.15%$10k-12 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 Office803 32nd Ave WSpencer, IA 51301-6122
Branch Office3810 Westdale Pkwy SWCedar Rapids, IA 52404

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