First
First is a credit union based in Hiawatha, Iowa, established in 1926, with $177 million in total assets serving 10,057 members. By Trust Grade it ranks 64th of 66 credit unions we track in Iowa. Its net worth ratio of 7.3% trails most similarly sized credit unions (1th percentile), versus a Iowa median of 12.9%. It posted a loss over the most recent period (-0.59% return on assets), a point to watch. No consumer complaints against First appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How First compares to Iowa peers
How we graded First
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (7.3% capital ratio)
- Unprofitable over the period (ROA -0.59%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for First over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at First insured?
Yes. First is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
First: frequently asked questions
Is First a good credit union?
First earns a Bankzia Trust Grade of D (67/100, "Below average"), based on a financial-strength score of 67/100 (it has no CFPB complaints on record). Well-capitalized (7.3% capital ratio); Unprofitable over the period (ROA -0.59%).
Is First NCUA-insured?
Yes. First is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is First?
First holds $177 million in total assets, ranking 64th of 66 credit unions we track in Iowa. It serves 10,057 members.
Does First have CFPB complaints?
No CFPB complaints against First appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
