First Federal Credit Union

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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.

Charter Number 24673
Address 1035 N Center Point Rd 
City Hiawatha 
State Iowa 
Zip-Code 52233
Phone Number (319) 743-7806
Fax Number (319) 743-7810
Email Address: none
CEO/President C. Thomas Chalstrom
Members 7,531 
Full-Time Employees 22 
Part-Time Employees
Number of Branch Offices
Total Assets 124,001,928 

Compare First Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
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

Performance Charts

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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 11.990658745,504
All Other Unsecured Loans/Lines of Credit 13.0004963,569,937
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.2401744,234,362
Used Vehicle Loans 3.2401,02413,425,697
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.77053162,724,119
Total Other Real Estate Loans/Lines of Credit 4.25035911,903,954
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.2001382,569,917
TOTAL LOANS & LEASES 3,38099,173,490

First Federal Credit Union Real Estate Loans and Lines of Credit


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 556,264,21861,610,339
    b. 15 Years or less 16419,650,368182,910,800
    a. > 15 years 15920,038,719172,225,834
    b. 15 Years or less 344,010,5572442,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 11912,760,25714734,250


Closed-End Fixed Rate 1443,390,741411,074,717
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1586,614,650121287,279
Open-End Fixed Rate 571,898,5633156,340
TOTALS 89074,628,0732509,341,559


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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