First Federal Credit Union

A short history of First FCU

Since its inception in 1926 the First Federal Credit Union has been serving its members in the Hiawatha, Iowa area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by C. Thomas Chalstrom, the First FCU has grown its membership to over 7,531 with assets of more than $124,001,928. They have a main office and 3 branch offices. Please see the credit unions website or contact them by phone at (319) 743-7806 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Hiawatha, IA.

General Information For First FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Compare First Federal Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
Linn Area CU	Linn Area Credit Union	3700 Edgewood Rd SW	52404	(319) 378-0101	No	1.30
Collins Community CU	Wiley Blvd Branch	3160 Wiley Blvd SW	52410	(319) 393-9000	No	2.87
Quaker Oats CU	QUAKER OATS CREDIT UNION	3535 CENTER POINT RD NE	52402	(319) 395-7060	No	2.94
Metco CU	Main	115 8th Ave SW	52404	(319) 398-5007	No	5.87
St. Ludmila S CU	St. Ludmila Credit Union	211 21st Ave SW	52404	(319) 362-7282	No	6.71

First Federal Credit Union Financial Performance Charts

Financial Data

First Federal Credit Union Lowest Loan Rates With State and USA Rankings

	Unsecured Credit Card	New Car Loans	Used Car Loans	1st Mortgage Loans	Other Real Estate
Rate	11.99	3.24	3.24	3.77	4.25
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	410	173	119	104	132
Rank Among All Iowa Credit Unions	23	26	13	11	18

First Federal Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	0.45	0.10	1.00	1.50	1.50
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	73	129	20	91	94
Rank Among All Iowa Credit Unions	4	24	3	9	8

First Federal Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	11.990	658	745,504
All Other Unsecured Loans/Lines of Credit	13.000	496	3,569,937
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	3.240	174	4,234,362
Used Vehicle Loans	3.240	1,024	13,425,697
Total 1st Mortgage Real Estate Loans/Lines of Credit	3.770	531	62,724,119
Total Other Real Estate Loans/Lines of Credit	4.250	359	11,903,954
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	7.200	138	2,569,917
TOTAL LOANS & LEASES		3,380	99,173,490

First Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding

Amt of Loans Outstanding

No. of Loans Granted Year- to-Date

Amount Granted Year-To-Date

Fixed Rate
a. > 15 years	55	6,264,218	6	1,610,339
b. 15 Years or less	164	19,650,368	18	2,910,800
Balloon/Hybrid
a. > 15 years	159	20,038,719	17	2,225,834
b. 15 Years or less	34	4,010,557	2	442,000
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	119	12,760,257	14	734,250

OTHER REAL ESTATE

Closed-End Fixed Rate	144	3,390,741	41	1,074,717
Closed-End Adjustable Rate	0	0	0	0
Open-End Adjustable Rate	158	6,614,650	121	287,279
Open-End Fixed Rate	57	1,898,563	31	56,340
TOTALS	890	74,628,073	250	9,341,559

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

First Federal Credit Union Member Offerings

First Time Homebuyer Program	No
Real Estate Loans	Yes
Pay Day Lending	No
Share Secured Credit Cards	No
Overdraft Protection/Courtesy Pay	Yes
Overdraft Lines of Credit	Yes
ATM/Debit Card Program	Yes
Interest Only and Payment Option 1st Mortgage Loans	No
Check Cashing	Yes
Money Orders	No
No Surcharge ATMs	Yes
Home Banking Via Internet Website	Yes