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First Federal Credit Union


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 18th largest credit union in the state of Iowa. It is also the 1,281st largest credit union in the nation. It was established in 1926 and as of June of 2024, it had grown to 27 employees and 11,028 members at 6 locations. First Federal Credit Union 's money market rates are 5X 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 the Iowa counties of Benton, Buena Vista, Clay, Dickinson, or Linn.
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Health
B

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #24673
Year Chartered1926
Employees27
Primary Regulator
Profit Margin
Return on Assets - YTD-0.61%
Return on Equity - YTD-8.49%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$196.9MM$206.4MM
LoansQ2 2024vs Q2 2023$159.1MM$173.4MM
DepositsQ2 2024vs Q2 2023$155.8MM$152.9MM
Equity CapitalQ2 2024vs Q2 2023$14.3MM$15MM
Loan Loss AllowanceQ2 2024vs Q2 2023$1.1MM$1.2MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$1.8MM$2.4MM
Real Estate OwnedQ2 2024vs Q2 2023$162K$0
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%*$1$501Kids First Savings
OTHER TIERS: 0.25% → $501+
0.05%$0-Share Savings
0.05%$100-IRA Savings
0.05%$0-Christmas Club

First Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.30%*$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%$10k-13 Month CD Special
4.25%$10k-26 Month CD Special
4.00%$10k-39 Month CD Special
3.75%$10k-59 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 Office3810 Westdale Pkwy SWCedar Rapids, IA 52404
Branch Office2590 6th St Ste 205Marion, IA 52302
Branch Office205 N Union AveUrbana, IA 52345
Branch Office1100 W 13th StSpencer, IA 51301-2936

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