Credit union · NCUA insured
First Education Federal Credit Union
Top CarrotA $88.2M credit union headquartered in Cheyenne, WY, with 5,576 members and 1 branch in Wyoming. Best rates: CDs 3.56% and savings 0.25% APY.
First Education Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 88% of U.S. banks and credit unions
#1 of 16 in Cheyenne, WY metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About First Education Federal Credit Union
First Education Federal Credit Union is a member-owned, not-for-profit financial cooperative based in Cheyenne, Wyoming.
- Headquarters
- 120 W Carlson St, Cheyenne, WY 82009
- NCUA charter
- 5465
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This may be incomplete or out of date, so check with the credit union before you apply.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 everyone who lives, works, goes to school, or worships in Laramie County, WY.
Family and household
- Membership is open to individuals who have family members who live, work, go to school, or worship in Laramie County, WY.
Cost to join
- Opening an account requires an initial deposit of at least $5 and an ID.
Branches
1 branch in Wyoming
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Wyoming
1 branch
- First Education Federal Credit UnionMain office120 W Carlson St, Cheyenne, WY 82009Directions
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 | 10.34% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.20% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.16% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $43 | $59 | — |
- CapitalNet worth ratio10.34%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.20%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.16%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$43Peers’ 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 Education Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.