Credit union · NCUA insured
First Class Community Credit Union
A $96.5M credit union headquartered in West Des Moines, IA, with 6,870 members and 2 branches in Iowa. Best rates: CDs 3.54% and savings 0.60% APY.
First Class Community Credit Union Carrot Score
81
Carrot Score
Higher than 54% of U.S. banks and credit unions
#30 of 53 in Des Moines, IA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About First Class Community Credit Union
First Class Community Credit Union was created in 1925 by and for postal employees.
The credit union operates branch locations in West Des Moines and Des Moines, Iowa.
- Headquarters
- 2051 Westown Pkwy, West Des Moines, IA 50265-1541
- NCUA charter
- 64231
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Membership is open to anyone living or working in Polk, Story, Jasper, Marion, Warren, Madison, Boone, Dallas, Plymouth, Cherokee, Ida, Woodbury, Crawford, and Monona counties in Iowa.
Military, government and schools
- All postal employees in the state of Iowa are eligible to join First Class Community Credit Union.
Cost to join
- A $25 deposit into a savings account is required to become a member and remains on hold for the duration of membership.
Branches
2 branches in Iowa
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Iowa
2 branches
- First Class Community Credit UnionMain office2051 Westown Pkwy, West Des Moines, IA 50265Directions
- E303 Euclid Ave, Des Moines, IA 50313Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 10.79% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.37% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.24% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $42 | $59 | — |
- CapitalNet worth ratio10.79%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.37%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.24%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$42Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of First Class Community Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.