Credit union · NCUA insured
First Federal Credit Union.
A $177.4M credit union headquartered in Hiawatha, IA, with 10,057 members and 6 branches in Iowa. Best rates: CDs 7.30% and savings 0.25% APY.
First Federal Credit Union. Carrot Score
82
Carrot Score
Higher than 59% of U.S. banks and credit unions
#8 of 29 in Cedar Rapids, IA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About First Federal Credit Union.
Chartered in 1926, First Federal Credit Union serves Linn, Benton, Clay, Buena Vista, and Dickinson Counties in Iowa.
- Headquarters
- 1035 N Center Point Rd, Hiawatha, IA 52233
- NCUA charter
- 24673
Branches
6 branches in Iowa
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Iowa
6 branches
Cedar Rapids area · 5
- HiawathaMain office1035 N Center Point Rd, Hiawatha, IA 52233Directions
- Cedar Rapids425 1st Ave SW, Cedar Rapids, IA 52405Directions
- Cedar Rapids Westdale3810 Westdale Pkwy SW, Cedar Rapids, IA 52404Directions
- Marion2590 6th St Ste 105, Marion, IA 52302Directions
- Urbana205 N Union Ave, Urbana, IA 52345Directions
Spencer area · 1
- Spencer1100 13th St SW, Spencer, IA 51301Directions
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 | 7.29% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.88% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | -0.48% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $91 | $76 | — |
- CapitalNet worth ratio7.29%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.88%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets-0.48%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$91Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion 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 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.