FIRST Credit Union Profile

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FIRST

Charter #24673 | NCUA Region 3 | FCU

Low-Income Designation: No

Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (319) 743-7806

Fax: (319) 743-7810

Founding Date: N/A

Website: http://www.firstfedcu.com

Personnel & Operations

President: Pickering, Mike

Manager: Chalstrom, C. Thomas

FT Employees: 25

PT Employees: 2

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 00

Branches: 6

Hours: M-F 8:30-5:30 S 9-12

Credit Union Profile Summary

FIRST is a FCU Credit Union. With a total of 10,488 members ^[1], this institution manages approximately $182,435,453 in total assets ^[1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 7.67% ^[1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -9.15% ^[1].

Financial Snapshot

Total Assets ^[1]

$182,435,453

Total economic resources.

Total Loans ^[1]

$144,509,941

Total value of outstanding loans.

Total Deposits ^[1]

$153,405,691

Total funds deposited by members.

Members ^[1]

10,488

Number of active members.

Performance Ratios

Net Worth Ratio ^[1]

7.67%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) ^[1]

-0.37%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio ^[1]

94.20%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) ^[1]

↓ -7.36%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) ^[1]

↓ -9.15%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) ^[1]

↓ -4.90%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1035 N Center Point Rd

Hiawatha, IA, 52233

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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

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Branch Locations

Found 6 branches reported by FIRST (Charter #24673).

Main Office

Hiawatha Main Office

Type: Corporate Office

Type: Branch Office

205 N Union Ave

Urbana, IA 52345

Phone: (319) 443-5626

Services: Member Services, ATM, Drive-Thru

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