Mutual First Federal Credit Union is headquartered in Omaha and is the 12th largest credit union in the state of Nebraska. It is also the 1,653rd largest credit union in the nation. It was established in 1949 and as of March of 2025, it had grown to 28 employees and 11,218 members at 3 locations. Mutual First Federal Credit Union has a B+ health rating.
Membership in Mutual First Federal Credit Union is open to those who live, work, worship, or attend school in the Nebraska counties of Cass, Douglas, Sarpy, or Washington, or Pottawattamie County, Iowa.
See current membership details
In November, 2020, someone stole blank checks from me and managed to cash one for $540 at Cobalt Credit Union with no identification whatsoever. My previous credit Union, Mutual First Federal, then compounded the problem by cashing that bad check from my account. The signature on the bad check bore absolutely no resemblance whatsoever to my signature, which Mutual First Federal has on file. Cobalt had not bothered to record any identification whatsoever, not even a driver’s license number, and yet Mutual First Federal determined it was their job to protect the interests of Cobalt rather than their own credit Union member.
After many years with Mutual First Federal, I’ve learned the hard way that you can ALWAYS depend on them to dismiss their own customer’s interests altogether every time a dispute arises. There are MANY banks and credit unions in Omaha. You can do better than Mutual First Federal without even trying. Choose a credit Union that will keep YOUR interests at heart!!!
Overall | |
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NCUA # | 24540 |
Year Chartered | 1949 |
Employees | 28 |
Primary Regulator |
Profit Margin | |
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Return on Assets - YTD | 0.04% |
Return on Equity - YTD | 0.52% |
Annual Interest Income | $1.6MM |
Assets and Liabilities | ||
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Assets | Q1 2025vs Q1 2024 | $122.9MM$123.1MM |
Loans | Q1 2025vs Q1 2024 | $85.1MM$95.7MM |
Deposits | Q1 2025vs Q1 2024 | $111.4MM$102MM |
Equity Capital | Q1 2025vs Q1 2024 | $9.1MM$9.7MM |
Loan Loss Allowance | Q1 2025vs Q1 2024 | $1.4MM$1.2MM |
Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $2MM$3.1MM |
Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
Rates for Mutual First Federal Credit Union are currently being reviewed.
Mutual First Federal Credit Union Locations | ||
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Branch Office | 14510 F St | Omaha, NE 68137 |
Branch Office | 8073 Blondo St | Omaha, NE 68134 |
Branch Office | 18282 Evans St | Elkhorn, NE 68022-7043 |