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 16th largest credit union in the state of Iowa. It is also the 1,246th largest credit union in the nation. It was established in 1926 and as of December of 2023, it had grown to 30 employees and 11,461 members at 6 locations. First Federal Credit Union 's money market rates are 6X the national average, and it has a C+ health rating.

Field of Membership Restrictions

Membership in First Federal Credit Union is open to those who live, work, or worship in the Iowa counties of Benton, Buena Vista, Clay, Dickinson, or Linn.
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 - YTD-0.13%
Return on Equity - YTD-1.77%
Annual Interest Income$8.6MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$205.1MM$203.7MM
LoansQ4 2023vs Q4 2022$168.3MM$170.2MM
DepositsQ4 2023vs Q4 2022$155.1MM$154.5MM
Equity CapitalQ4 2023vs Q4 2022$14.8MM$15.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.1MM$491K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.8MM$2.2MM
Real Estate OwnedQ4 2023vs Q4 2022$0$152K
Report an Issue

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

2.50%*$1$500kFed Up Money Market
OTHER TIERS: 0.10% $500k+
0.40%*$25k*-Personal Money Market
OTHER TIERS: 0.10% $1 - $10k | 0.25% $10k - $25k
0.40%*$25k*-Business/Entity Money Market
OTHER TIERS: 0.10% $1 - $10k | 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

4.75%$10k-14 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
Branch Office205 N Union AveUrbana, IA 52345

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.