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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 10th largest credit union in the state of Wyoming. It is also the 2,008th largest credit union in the nation. It was established in 1947 and as of June of 2023, it had grown to 14 employees and 5,592 members at 1 location. First Education Federal Credit Union's CD rates are 2X the national average, and it 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

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Health
B

Data as of Q2 2023

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
Employees14
Primary Regulator
Profit Margin
Return on Assets - YTD0.34%
Return on Equity - YTD4.44%
Annual Interest Income$996.00K
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$83.1MM$85.3MM
LoansQ2 2023vs Q2 2022$26.6MM$25.1MM
DepositsQ2 2023vs Q2 2022$76.1MM$78.7MM
Equity CapitalQ2 2023vs Q2 2022$6.5MM$6.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$84.00K
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$140.00K$28.00K
Real Estate OwnedQ2 2023vs Q2 2022$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
2.27%$500-24 Month Share Certificate
2.27%-$2k2 Year Change is Good Certificate
2.12%$500-18 Month Share Certificate
2.02%$500-12 Month Share Certificate
1.10%$500-60 Month Share Certificate
1.00%$500-36 Month Share Certificate
1.00%$500-48 Month Share Certificate

First Education Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$500-24 Month IRA Share Certificate
2.12%$500-18 Month IRA Share Certificate
2.02%$500-12 Month IRA Share Certificate
1.10%$500-60 Month IRA Share Certificate
1.00%$500-36 Month IRA Share Certificate
1.00%$500-48 Month IRA Share Certificate
Locations


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

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