Applications / Mortgage Analytics / Lenders / Iowa / First Class Community Credit Union
West Des Moines, IA · Credit union · NCUA · $93.3 million assets · 75 loans in 2025
First Class Community Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
75
loans originated, 2025
118
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First Class Community Credit Union is a small Iowa credit union that lends mainly to improve and refinance homes, and almost half its loans go to low- and moderate-income borrowers.
Home improvement made up 44.0% of its loans and refinancing 36.0%; purchases were only 9.3%. Its typical loan was $55,000, against $95,000 at similar lenders (credit unions making between half and twice as many loans), smaller than nearly all of them. So although its number of loans was near the middle, its $5.8 million was lower than about four in five similar lenders lent.
It made 75 loans, up 29% from 58, while similar lenders grew 6% and the whole market 10%. It filed no report for 2020 to 2022; those years are gaps in the record, not years without lending. In 2018 and 2019 it reported 38 and 39 loans.
Of its loans, 46.7% went to low- and moderate-income (LMI) borrowers, against 30.5% at similar lenders, higher than nearly nine in ten. And 26.7% were in LMI areas, against 17.4%. Small home-improvement loans may suit owners with lower incomes.
Its typical rate was 5.62%, against 6.75% at similar lenders, lower than nearly all of them. Only 1.3% of its loans were higher-priced (a rate well above the average for similar loans), against 3.3%. A lender of small home-improvement and refinance loans may price them differently from credit unions that do more purchase lending.
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
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. First Class Community Credit Union took 118 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 44.0% · Refinance 36.0% · Other 10.7% · Purchase 9.3%
Conventional 100.0% · of 75 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
| State | Loans | Share |
|---|---|---|
| Iowa | 75 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Des Moines-West Des Moines | 73 |
| Sioux City | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300K04ZGWYV7LDX51 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 294993 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 564231 | 1990–2017 |
Established 1 January 1925. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: First Class Community Credit Union's data.
First Class Community Credit Union's data
$215
First Class Community 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 Class Community 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]