TellerScore

First Federal Credit Union is a federal credit union headquartered in Hiawatha, Iowa, in business for about 100 years. At the end of Q2 2026 it reported $174.5M in total assets and $152.0M in member shares and deposits, with 5 offices across 2 states.

Based on its Q2 2026 filing, First Federal Credit Union scores 43/100, which we describe as below average. That is higher than only 2% of 1,341 credit unions with $100 million – $1 billion. Among 66 credit unions headquartered in Iowa, it ranks 62nd. Its strongest component is problem-loan coverage (81/100; 9.5%), and its lowest is earnings (1/100; -0.48%).

TellerScore · Q2 2026

Scorecard

Capital cushion23/100
Net worth ratio: 7.29%
Loan quality71/100
Loans 60+ days delinquent ÷ total loans: 0.88%
Earnings1/100
Return on assets (annualized): -0.48%
Funding & liquidity70/100
Loans ÷ shares: 90.5% · 4.0% uninsured
Problem-loan coverage81/100
Delinquent loans + foreclosed assets ÷ (net worth + loan-loss reserves): 9.52%

The TellerScore is our own summary of the figures this institution reports publicly; it is not issued or endorsed by any government agency. It is not a prediction, and deposits within insurance limits are protected either way.

9 quarters

Health trend

From Q2 2025 to Q2 2026, the score rose 7 points (36 → 43), mostly because the loan quality component improved by 29 points.

TellerScore
354045Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterTellerScore
Q2 202441
Q3 202439
Q4 202435
Q1 202540
Q2 202536
Q3 202542
Q4 202539
Q1 202645
Q2 202643
Net worth ratio
7.00%7.45%7.89%well-capitalized benchmarkQ2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterNet worth ratio
Q2 20247.89%
Q3 20247.85%
Q4 20247.47%
Q1 20257.34%
Q2 20257.67%
Q3 20257.67%
Q4 20257.32%
Q1 20267.26%
Q2 20267.29%
Delinquent loans (60+ days)
0.71%1.23%1.74%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterDelinquent loans (60+ days)
Q2 20241.12%
Q3 20241.23%
Q4 20241.55%
Q1 20251.08%
Q2 20251.74%
Q3 20251.15%
Q4 20251.25%
Q1 20260.71%
Q2 20260.88%
Return on assets
-0.90%-0.64%-0.38%Q2 2024Q4 2024Q2 2025Q4 2025Q2 2026
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QuarterReturn on assets
Q2 2024-0.62%
Q3 2024-0.70%
Q4 2024-0.78%
Q1 2025-0.90%
Q2 2025-0.38%
Q3 2025-0.41%
Q4 2025-0.51%
Q1 2026-0.59%
Q2 2026-0.48%
Quarter-by-quarter figures
QuarterScoreAssetsCapitalProblem loansROALoans/deposits
Q2 202643$174.5M7.29%0.88%-0.48%90.5%
Q1 202645$177.4M7.26%0.71%-0.59%92.3%
Q4 202539$179.7M7.32%1.25%-0.51%94.2%
Q3 202542$179.9M7.67%1.15%-0.41%95.2%
Q2 202536$182.4M7.67%1.74%-0.38%94.2%
Q1 202540$189.7M7.34%1.08%-0.90%94.5%
Q4 202435$192.1M7.47%1.55%-0.78%98.7%
Q3 202439$192.7M7.85%1.23%-0.70%101.7%
Q2 202441$196.9M7.89%1.12%-0.62%102.1%

1,341 peers · $100 million – $1 billion

How it compares with peers

Percentile against credit unions of similar size nationwide (100th = best among peers; for ratios where lower is better, the scale is flipped).

Capital ratio7.29%
1st
Problem loans0.88%
37th
Net charge-offs0.41%
44th
Return on assets-0.48%
2nd
Loans to deposits90.5%
16th
Uninsured deposits4.0%
72nd
Loan-loss reserves0.00%
50th
Texas ratio9.5%
15th

Similar-size credit unions in Iowa

InstitutionScoreAssetsCapitalProblem loansCompare
1st Gateway Credit UnionCredit union Camanche, IA80 out of 100, Strong$170.9M14.1%0.35%vs
Cent Credit UnionCredit union Mason City, IA77 out of 100, Strong$166.0M12.7%0.20%vs
Telco Triad Community Credit UnionCredit union Sioux City, IA74 out of 100, Strong$160.5M12.2%0.45%vs
Affinity Credit UnionCredit union Des Moines, IA74 out of 100, Strong$154.3M12.2%0.35%vs
North Star Community Credit UnionCredit union Cherokee, IA58 out of 100, Moderate$149.4M9.8%0.54%vs
Aim Credit UnionCredit union Dubuque, IA79 out of 100, Strong$201.2M13.1%0.60%vs

Deposit insurance

Is my money safe at First Federal Credit Union?

Yes. First Federal Credit Union is a federally insured credit union (NCUA charter #24673). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

An estimated 4.0% of shares and deposits ($6.1M) are above the $250,000 NCUA insurance limit, close to the peer median of 6%. Insured balances are protected regardless of the score.

The net worth ratio is 7.29%, slightly above the 7% level regulators use as the "well capitalized" benchmark for this measure.

Check how much of your own balance is covered

5 locations

Branches

First Federal Credit Union lists 5 offices in 4 cities across 2 states. Most locations:

All branch addresses and map

CFPB TCCP survey · December 31, 2025

Credit card terms

CardPurchase APRAnnual feeLate feeForeign fee
Visa Premium—$0$101.0%

All First Federal Credit Union card terms

Identity & history

Profile

Legal name
First Federal Credit Union
Type
Federal credit union
NCUA charter #
24673
RSSD ID
2693
Primary regulator
NCUA
Established
1926
Headquarters
1035 N Center Point Rd, Hiawatha, IA 52233
Employees
28

Quick answers

First Federal Credit Union: common questions

Is First Federal Credit Union NCUA insured?

Yes. First Federal Credit Union is a federally insured credit union (NCUA charter #24673). Deposits are insured by the National Credit Union Share Insurance Fund up to $250,000 per member, per insured credit union, for each account ownership category.

What is First Federal Credit Union's TellerScore?

43 out of 100 (Below average), based on its Q2 2026 publicly reported figures. The TellerScore is our own summary and is not issued by any government agency.

How many branches does First Federal Credit Union have?

5 offices as of the latest NCUA data, in 2 states.

Nearby

Highest-scoring banks and credit unions with branches near Hiawatha

InstitutionScoreAssetsCapitalProblem loansCompare
Metco Credit UnionCredit union Cedar Rapids, IA92 out of 100, Very strong$58.7M18.8%0.70%vs
Farmers State BankBank Marion, IA91 out of 100, Very strong$1.1B14.4%0.21%vs
Cedar Rapids Bank and Trust CompanyBank Cedar Rapids, IA87 out of 100, Very strong$2.9B16.9%0.54%vs
The Watkins Savings BankBank Watkins, IA87 out of 100, Very strong$86.7M14.8%0.00%vs
Benton County State BankBank Blairstown, IA87 out of 100, Very strong$50.8M15.2%0.00%vs
Hills Bank and Trust CompanyBank Hills, IA84 out of 100, Strong$4.8B13.4%0.40%vs