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 1,654th largest credit union in the nation. It was established in 1949 and as of December of 2020, it had grown to 33 employees and 11,917 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
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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!!!
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24540 |
| Year Chartered | 1949 |
| Employees | 33 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 5.47% |
| Annual Interest Income | $4.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $111.6MM$97.0MM |
| Loans | Q4 2020vs Q4 2019 | $77.0MM$71.7MM |
| Deposits | Q4 2020vs Q4 2019 | $94.5MM$81.0MM |
| Equity Capital | Q4 2020vs Q4 2019 | $9.3MM$8.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $910.00K$902.00K |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $909.00K$1.0MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $323.00K$323.00K |