Back from a low year
It made 139 loans, against 85 in 2024, its fewest in any year since 2018. Similar lenders (credit unions making between half and twice as many loans) grew 9%, and the whole market 10%. Its peak came in 2021, with 397.
Applications / Mortgage Analytics / Lenders / Iowa / First Federal Credit Union
First Federal Credit Union
Hiawatha, IA · Credit union · NCUA · $180 million assets · 139 loans in 2025
First Federal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
139
loans originated, 2025
195
applications, 2025
2
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Federal Credit Union, an Iowa credit union centered on Cedar Rapids, made 64% more loans in 2025, a faster rise than at about nine in ten similar lenders.
Small loans for other purposes
Nearly half its loans, 48.2%, were for other purposes, and refinances took 28.1%. All were conventional. Its typical loan was $65,000, smaller than at nearly nine in ten similar lenders, where it was $105,000.
Gaining in Cedar Rapids
Its share in Cedar Rapids rose 0.4 points to 0.8%, and it ranks 23 of 210 lenders there. GreenState Credit Union and Hills Bank and Trust Company lead. Elsewhere in Iowa its shares are small.
More loans to modest earners
Low- and moderate-income (LMI) borrowers took 36.7% of its loans, against 28.9% at similar lenders, and LMI neighborhoods 21.7%, against 17.3%. Both are higher than at about seven in ten peers. Majority-minority areas took 1.4%, against 9.8%, which may reflect the make-up of the 17 counties where it lends.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
139 loans in 2025, against a peak of 397 in 2021.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First Federal Credit Union took 195 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
48.2% of its 2025 loans were other loans; all were conventional loans.
Other 48.2% · Refinance 28.1% · Purchase 15.1% · Home improvement 8.6%
Conventional 100.0% · of 139 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
2 states, 6 metros, 17 counties
| State | Loans | Share |
|---|---|---|
| Iowa | 138 | 99.3% |
| Illinois | 1 | 0.7% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| Cedar Rapids | 114 |
| Iowa City | 5 |
| Ames | 2 |
| Chicago-Naperville-Schaumburg | 1 |
| Des Moines-West Des Moines | 1 |
| Waterloo-Cedar Falls | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300ZNV71J20M52A37 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2693 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 524673 | 2002–2017 |
Established 1 January 1926. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: First Federal Credit Union's data.
The data and the software behind these pages
First Federal Credit Union's data
$215
First Federal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy First Federal Credit Union's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]