Charter 24673 · Hiawatha, IA
First Federal Credit Union
First Federal Credit Union is a federally chartered credit union in Hiawatha, Iowa, with $175 million in assets and 9,947 members as of June 30, 2026, according to the call report it filed with NCUA. Its net worth ratio was 7.29%, above the 7% that NCUA's rules treat as well capitalized.
- Total assets
- $175 million
- -4.3% in a year
- Members
- 9,947
- -5.2% in a year
- Net worth ratio
- 7.29%
- Peer median 11.65%
- Loans 60+ days late
- 0.88%
- Peer median 0.70%
- Loans outstanding
- $138 million
- -4.8% in a year
- Shares and deposits
- $152 million
- -0.9% in a year
- Branches
- 8
- 28 employees
- Opened
- 1926
- Federal charter
How First Federal Credit Union compares
NCUA groups credit unions by size; First Federal Credit Union is in the group with $100 million to $500 million (1,061 credit unions). Its net worth ratio of 7.29% is lower than that group's median of 11.65%, and its share of loans 60 or more days past due, 0.88%, is higher than the group median of 0.70%. Loans fell 4.8% over the year to Q2 2026, against a group median of 2.9% growth.
By assets it ranks 19 of 66 credit unions headquartered in Iowa. See all Iowa credit unions.
Five quarters of figures
| Quarter | Assets | Members | Loans | Net worth ratio | 60+ days late |
|---|---|---|---|---|---|
| Q2 2026 | $175 million | 9,947 | $138 million | 7.29% | 0.88% |
| Q1 2026 | $177 million | 10,057 | $140 million | 7.26% | 0.71% |
| Q4 2025 | $180 million | 10,124 | $143 million | 7.32% | 1.25% |
| Q3 2025 | $180 million | 10,369 | $146 million | 7.67% | 1.15% |
| Q2 2025 | $182 million | 10,488 | $145 million | 7.67% | 1.74% |
Assets Members
Who can join
The field of membership is the group a credit union is allowed to serve: people who live or work in an area, employees of certain companies, members of an association, and their families. The credit union's own website has the exact rules. On its call report it estimates its field of membership at about 313,009 potential members.
Credit unions that anyone in the US can join
Locations
NCUA's branch file lists 8 sites for First Federal Credit Union. The branch count in the figures above comes from its call report, which is filed separately, so the two can differ slightly.
- Cedar Rapids
425 1St Ave Sw, Cedar Rapids, IA 52405 - Hiawatha (main office)
1035 N Center Point Rd, Hiawatha, IA 52233 - Advantage Records Management
1035 33Rd Ave Sw, Cedar Rapids, IA 52404 - Portico
2601 Network Blvd Ste 600, Frisco, TX 75034 - Cedar Rapids Westdale
3810 Westdale Pkwy Sw, Cedar Rapids, IA 52404 - Marion
2590 6Th St Ste 105, Marion, IA 52302 - Urbana
205 N Union Ave, Urbana, IA 52345 - Spencer
1100 13Th St Sw, Spencer, IA 51301
About these numbers
Figures come from the NCUA 5300 Call Report quarterly data for Q2 2026 (quarter ended June 30, 2026), which each credit union files itself. "60+ days late" is delinquent loans of two months or more divided by total loans. Peer medians are computed across every credit union in the same NCUA asset-size group. NCUA call report data · Methodology