Mutual First Federal Credit Union

Overview / Commentary
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 1,675th largest credit union in the nation. It was established in 1949 and as of June of 2022, it had grown to 26 employees and 12,969 members at 2 locations. Mutual First Federal Credit Union's CD rates are 17% higher than the national average, and it 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)


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 Grade Components

NCUA #24540
Year Chartered1949
Primary Regulator
Profit Margin
Return on Assets - YTD0.37%
Return on Equity - YTD4.98%
Annual Interest Income$2.4MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$120.6MM$116.8MM
LoansQ2 2022vs Q2 2021$94.9MM$79.9MM
DepositsQ2 2022vs Q2 2021$105.0MM$100.2MM
Equity CapitalQ2 2022vs Q2 2021$9.2MM$9.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.0MM$950.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.2MM$559.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$323.00K
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Always verify rates and promotions with the bank or credit union. We are not Mutual First 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.

Mutual First Federal Credit Union Savings Account Rates

0.25%*-$15kKasasa Saver
OTHER TIERS: 0.15% $15k+
0.10%--IRA Savings
0.10%--Health Savings
0.10%--Christmas Club
0.10%--Vacation Club
0.05%--Savings Account
0.05%--Business Statement Savings

Mutual First Federal Credit Union Money Market Rates

0.35%*$150k*-First Market Money Market Account
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k - $50k | 0.20% $50k - $150k
0.35%*$250k*-Commercial Money Market
OTHER TIERS: 0.10% $25k - $50k | 0.15% $50k - $100k | 0.25% $100k - $250k

Mutual First Federal Credit Union Checking Account Rates

1.16%*-$15kKasasa Cash Checking
OTHER TIERS: 0.15% $15k+
0.05%$5k-Business Partner Plus Checking

Mutual First Federal Credit Union CD Rates

2.37%$1k-31 Month CD Special
1.91%*$10k*-48 Month CD
OTHER TIERS: 1.71% $1k - $10k
1.51%*$10k*-24 Month CD
OTHER TIERS: 1.36% $1k - $10k
1.51%$1k-15 Month CD Special
1.36%*$10k*-18 Month CD
OTHER TIERS: 1.21% $1k - $10k
1.05%$25-12 Month Save to Win CD

Mutual First Federal Credit Union IRA Rates

0.65%*$10k*-60 Month IRA
OTHER TIERS: 0.45% $1k - $10k
0.40%$10k-12 Month IRA

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

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