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iAdvertiser Disclosure
Advertiser Disclosure
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 First Federal Credit Union Rates & Review May 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: May 2, 2026
First Federal Credit Union's 10 - 27 Month CD Special rates are at 3.75%. First Federal Credit Union's savings rates are at 0.05%. MonitorBankRates evaluates the financial stability of First Federal Credit Union with a 5.0 Star Rating, an A Overall Health Grade, and a Texas Ratio of 12.07%. Rates were last updated on 05/02/2026. First Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First Federal Credit Union? Share your experience about First Federal Credit Union by leaving a review below, or read customer reviews before you decide to use First Federal Credit Union. First Federal Credit Union
Hiawatha 1035 N Center Point Rd
https://www.firstfedcu.com Hiawatha, IA 52233 
First Federal Credit Union CD Rates
First Federal Credit Union Savings Rates
First Federal Credit Union Checking Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for First Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather First Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with First Federal Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
First Federal Credit Union
Website
https://www.firstfedcu.com
Address
1035 N Center Point Rd,
Hiawatha, IA 52233
Phone
319-743-7806
Fax
319-743-7810
President
Mike Pickering
CEO
C Thomas Chalstrom
Full-Time Employees
24
Part-Time Employees
2
Branch Locations
6
ATM Locations
7
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A (94/100)
Texas Ratio
12.07%
Return on Assets (ROA)
-0.3099%
Return on Equity (ROE)
-4.0339%
Non-Performing Loans Ratio (NPL)
1.15%
Total Assets
179,851,146
Total Amount of Shares and Deposits
152,910,629
Total Shares and Deposits < 1 Year
129,050,655
Total Shares and Deposits 1 3 Years
22,536,089
Total Shares and Deposits > 3 Years
1,323,885
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
11,577,670
Total Uninsured Shares and Deposits > $250K (F+J)
11,577,670
Total Insured Shares and Deposits > $250K (item 17 less item K)
141,332,959
Total Interest Expense (Sum of items 6 8)
3,423,118
Share Certificates
1,201
Number of Accounts for Share Drafts
4,505
IRA KEOGH Accounts
164
Number of Accounts for Regular Shares
9,075
Non Member Deposits
2
Money Market Shares
1,088
Net Income (unless the amount is already included in Undivided Earnings)
-560,501
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
4,212,802
Total Liabilities
166,475,785
Source: NCUA — Last Updated 09/30/2025
Customer Reviews
There are no reviews for First Federal Credit Union yet. Feel free to create one below.
Looking for more bank and credit union reviews?
Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.
Add Your Rating and Review for First Federal Credit Union
Frequently Asked Questions About First Federal Credit UnionIs First Federal Credit Union a safe place to deposit money?Yes, First Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 12.072014929748%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category. How many branches does First Federal Credit Union operate?First Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join First Federal Credit Union?Yes, to access services at First Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, First Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, First Federal Credit Union provides members with tools to manage their accounts and build a solid financial history. Does First Federal Credit Union offer online and mobile banking?Most modern institutions like First Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firstfedcu.com. Current First Federal Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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