First Education Federal Credit Union

Overview / Commentary
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 2,013th largest credit union in the nation. It was established in 1947 and as of March of 2024, it had grown to 14 employees and 5,606 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


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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

NCUA #5465
Year Chartered1947
Primary Regulator
Profit Margin
Return on Assets - YTD0.39%
Return on Equity - YTD4.72%
Annual Interest Income$549K
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$82.3MM$85.1MM
LoansQ1 2024vs Q1 2023$28.9MM$25.7MM
DepositsQ1 2024vs Q1 2023$75.2MM$78.4MM
Equity CapitalQ1 2024vs Q1 2023$6.7MM$6.4MM
Loan Loss AllowanceQ1 2024vs Q1 2023$87K$88K
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$179K$69K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for First Education Federal Credit Union are currently being reviewed.


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

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