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First Education Federal Credit Union


Overview / Commentary
firstedfcu.com
307-432-7400
120 W Carlson St
Cheyenne, WY 82009-3930

First Education Federal Credit Union is headquartered in Cheyenne and is the 11th largest credit union in the state of Wyoming. It is also the 2,040th largest credit union in the nation. It was established in 1947 and as of December of 2020, it had grown to 15 employees and 5,628 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, qualify for membership.
See current membership details

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Health
B+

Data as of Q4 2020

Learn why bank health matters
Additional 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 Chartered1947
Employees15
Primary Regulator
Profit Margin
Return on Assets - YTD0.6%
Return on Equity - YTD7.77%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$75.2MM$63.2MM
LoansQ4 2020vs Q4 2019$24.1MM$24.2MM
DepositsQ4 2020vs Q4 2019$68.9MM$57.7MM
Equity CapitalQ4 2020vs Q4 2019$5.7MM$5.2MM
Loan Loss AllowanceQ4 2020vs Q4 2019$117.00K$100.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$157.00K$74.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not First Education 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 Education Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%--IRA Share Account
0.25%*-$10kEducation Club Account
OTHER TIERS: 0.10% → $10k+
0.25%*$10k*$25kSuper Savers Account
OTHER TIERS: 0.00% → $25k+ | 0.15% → $1.5k - $5k | 0.20% → $5k - $10k
0.10%*$5$2kRegular Shares Account
OTHER TIERS: 0.05% → $2k+
0.10%$5-Auxiliary Shares Account
0.10%--Kids Club Account
0.10%--Christmas Club Account
0.10%--Summertime Cash Club

First Education Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*$100kMoney Market Account
OTHER TIERS: 0.00% → $100k+ | 0.25% → $25k - $50k

First Education Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$2.5k*$10kPremium Checking Account
OTHER TIERS: 0.01% → $10k+
0.05%*$1k*$10kChoice Checking Account
OTHER TIERS: 0.01% → $10k+

First Education Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%-$2k2 Year Change is Good Certificate
1.10%$500-60 Month Share Certificate
0.85%$500-48 Month Share Certificate
0.75%$500-36 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.25%$500-12 Month Share Certificate
0.25%$500-18 Month Share Certificate

First Education Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-60 Month IRA Share Certificate
0.85%$500-48 Month IRA Share Certificate
0.75%$500-36 Month IRA Share Certificate
0.50%$500-24 Month IRA Share Certificate
0.25%$500-12 Month IRA Share Certificate
0.25%$500-18 Month IRA Share Certificate
Locations


First Education Federal Credit Union Locations
Branch Office120 W Carlson StCheyenne, WY 82009

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