First Federal Credit Union is headquartered in Hiawatha and is the 18th largest credit union in the state of Iowa. It is also the 1,199th largest credit union in the nation. It was established in 1926 and as of June of 2019, it had grown to 26 employees and 7,506 members at 4 locations. First Federal Credit Union 's money market rates are 5X 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 Buena Vista, Clay, Dickinson, and Linn Counties, Iowa.
See current membership details
Related Posts
5/30 - First Federal CU (IA) Adds New CD Specials
10/15/15 - First Federal Credit Union (IA) Adds Competitive CD Specials
2/23/15 - First Federal Credit Union (IA) Has Four Competitive Rate CD Specials
2/14/15 - First Federal CU CD Specials (21-Mo 1.50%APY, 35-Mo 2%APY, 59-Mo 2.50%APY)
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.
Data as of Q2 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24673 |
| Year Chartered | 1926 |
| Employees | 26 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.17% |
| Return on Equity - YTD | 1.87% |
| Annual Interest Income | $3.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2019vs Q2 2018 | $167.1MM$146.2MM |
| Loans | Q2 2019vs Q2 2018 | $134.2MM$113.6MM |
| Deposits | Q2 2019vs Q2 2018 | $124.4MM$110.6MM |
| Equity Capital | Q2 2019vs Q2 2018 | $14.9MM$14.1MM |
| Loan Loss Allowance | Q2 2019vs Q2 2018 | $1.4MM$2.0MM |
| Unbacked Noncurrent Loans | Q2 2019vs Q2 2018 | $906.00K$469.00K |
| Real Estate Owned | Q2 2019vs Q2 2018 | $46.00K$245.00K |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 5.00%* | $1 | $501 | Kids First Savings | ||
| OTHER TIERS: 0.25% → $501+ | |||||
| 0.25% | $100 | - | IRA Savings | ||
| 0.10% | - | - | Share Savings | ||
| 0.10% | - | - | Christmas Club | ||
First Federal Credit Union Money Market Rates
First Federal Credit Union Checking Account Rates
First Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.25% | $10k | - | 18 Months or More CD Special | |
| 2.10% | $10k | - | 9 Month CD Special |
| First Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 425 1st Ave SW | Cedar Rapids, IA 52405 |
| Branch Office | 1035 N Center Point Rd | Hiawatha, IA 52233 |
| Branch Office | 901 11th St SW Ste 27 | Spencer, IA 51301-5500 |
| Branch Office | 3810 Westdale Pkwy SW | Cedar Rapids, IA 52404 |