Mutual First Federal Credit Union


Overview / Commentary
402-697-8200
14510 F St
Omaha, NE 68137

Mutual First Federal Credit Union is headquartered in Omaha and is the 11th largest credit union in the state of Nebraska. It is also the 1,632nd largest credit union in the nation. It was established in 1949 and as of September of 2022, it had grown to 28 employees and 12,994 members at 2 locations. Mutual First Federal Credit Union has a B health rating.

Field of Membership Restrictions

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

Reviews (1)

CARELESS BANKING & TERRIBLE CUSTOMER SERVICE

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!!!



Health

Health Grade Components

Overall
NCUA #24540
Year Chartered1949
Employees28
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD5.38%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$126.6MM$116.5MM
LoansQ3 2022vs Q3 2021$102.3MM$82.0MM
DepositsQ3 2022vs Q3 2021$102.3MM$99.7MM
Equity CapitalQ3 2022vs Q3 2021$9.2MM$9.7MM
Loan Loss AllowanceQ3 2022vs Q3 2021$1.2MM$935.00K
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$1.5MM$782.00K
Real Estate OwnedQ3 2022vs Q3 2021$0$0
Rates

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

Locations


Mutual First Federal Credit Union Locations
Branch Office14510 F StOmaha, NE 68137
Branch Office8073 Blondo StOmaha, NE 68134

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