First Federal Credit Union

Overview / Commentary
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 1,284th largest credit union in the nation. It was established in 1926 and as of June of 2021, it had grown to 29 employees and 11,276 members at 5 locations. First Federal Credit Union 's money market rates are 14% 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

Reviews (1)

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.


Health Grade Components

NCUA #24673
Year Chartered1926
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD3.48%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ2 2021vs Q2 2020$184.9MM$182.6MM
LoansQ2 2021vs Q2 2020$149.2MM$143.9MM
DepositsQ2 2021vs Q2 2020$139.9MM$134.6MM
Equity CapitalQ2 2021vs Q2 2020$16.2MM$15.8MM
Loan Loss AllowanceQ2 2021vs Q2 2020$1.1MM$1.2MM
Unbacked Noncurrent LoansQ2 2021vs Q2 2020$1.0MM$1.3MM
Real Estate OwnedQ2 2021vs Q2 2020$184.00K$0
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Always verify rates and promotions with the bank or credit union. We are not First Federal Credit Union ; we are a rate comparison website and cannot provide official rates or promotions.

* 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

5.00%*$1$501Kids First Savings
OTHER TIERS: 0.25% $501+
0.05%--Share Savings
0.05%$100-IRA Savings
0.05%--Christmas Club

First Federal Credit Union Money Market Rates

0.50%*-$500kFed Up Money Market
OTHER TIERS: 0.10% $500k+
0.40%*$25k*$500kPersonal Money Market
OTHER TIERS: 0.10% $1+ | 0.25% $10k - $25k
0.40%*$25k*$500kBusiness/Entity Money Market
OTHER TIERS: 0.10% $1+ | 0.25% $10k - $25k

First Federal Credit Union Checking Account Rates

0.25%*$200k*$500kChoice Checking
OTHER TIERS: 0.05% $1 - $25k | 0.10% $25k+ | 0.15% $50k - $100k | 0.20% $100k - $200k

First Federal Credit Union CD Rates

1.15%$10k-60 Month CD Special
1.00%$10k-39 Month CD Special
0.75%$10k-18 Month CD Special
0.60%$10k-8 Month CD Special

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
Branch Office2590 6th St Ste 205Marion, IA 52302

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