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First Federal Credit Union (IA)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.25%5-year CD59 Month CD Special
2.35% - Synchrony Bank 60 Month CDAdvertisement
2.00%2-year CD29 Month CD Special
1.65% - Synchrony Bank 24 Month CDAdvertisement
0.40%1-year CD12 Month CD
1.40% - Synchrony Bank 12 Month CDAdvertisement
View all First Federal Credit Union (IA) rates »

Overview / Commentary
www.firstfedcu.com
319-743-7806
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 March of 2017, it had grown to 20 employees and 7,661 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.

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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 Q1 2017

Learn why bank health matters

Health Grade Components

Overall
NCUA #24673
Year Chartered1926
Employees20
Primary Regulator
Profit Margin
Return on Assets - YTD1.47%
Return on Equity - YTD13.3%
Annual Interest Income$1.1MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$121.4MM$113.9MM
LoansQ1 2017vs Q1 2016$98.2MM$93.6MM
DepositsQ1 2017vs Q1 2016$93.1MM$86.1MM
Equity CapitalQ1 2017vs Q1 2016$13.2MM$11.6MM
Loan Loss AllowanceQ1 2017vs Q1 2016$2.9MM$4.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.3MM$927.00K
Real Estate OwnedQ1 2017vs Q1 2016$212.00K$723.00K
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 (IA) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

First Federal Credit Union (IA) 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 (IA) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$10k-59 Month CD Special
2.00%$10k-29 Month CD Special
1.75%$10k-18 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
Locations


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