First Education Federal Credit Union
Overview / Commentary
First Education Federal Credit Union is headquartered in Cheyenne and is the 12th largest credit union in the state of Wyoming. It is also the 1,992nd largest credit union in the nation. It was established in 1947 and as of March of 2025, it had grown to 14 employees and 5,552 members at 1 location. First Education Federal Credit Union has a B+ health rating.
Field of Membership Restrictions
Membership in First Education Federal Credit Union is open to those who live, work, worship, or attend school in Laramie County, Wyoming. Family members of those eligible to join also qualify for membership.
See current membership details
Health
B+
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. First Education Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 5465 |
| Year Chartered | 1947 |
| Employees | 14 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.53% |
| Return on Equity - YTD | 16.78% |
| Annual Interest Income | $843K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $83.8MM$82.3MM |
| Loans | Q1 2025vs Q1 2024 | $29.8MM$28.9MM |
| Deposits | Q1 2025vs Q1 2024 | $75.7MM$75.2MM |
| Equity Capital | Q1 2025vs Q1 2024 | $7.5MM$6.7MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $116K$87K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $26K$179K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |