Credit union
Community 1st Credit Union
Ottumwa, Iowa, Wapello County, IA
$1.1B in total assets and 72,622 members, the 444th largest of 4,298 US credit unions and 6th of 66 headquartered in Iowa.
- NCUA charter
- 68510
- Charter
- State chartered (IA)
- Chartered
- 1936
- NCUA insured since
- 1971
- Low-income designation
- Yes
- Website
- http://www.c1stcu.com
At a glance
Compared with 445 US federally insured credit unions with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.1B | 8% | $2.1B | |
| Loans | $917M | 19% | $1.5B | |
| Deposits (shares) | $982M | 11% | $1.8B | |
| Members | 72,622 | 21% | 118,683 | |
| Return on assets | 0.31% | 12% | 0.82% | |
| Net interest income to assets | 4.09% | 89% | 3.42% | |
| Efficiency ratio | 78.8% | 79% | 71.7% | |
| Net worth ratio | 10.50% | 41% | 10.89% | |
| Loans to shares | 93% | 67% | 88% | |
| Cost of deposits | 1.47% | 26% | 1.79% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 6.8% a year over 10 years and 3.6% a year over the last 5, including 3 mergers in the last 10 years. Membership grew 3.9% a year over 5 years, to 72,622.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Dec 2024 | Town and Country Credit Union Credit union, Harlan, IA | $33M |
| Mar 2022 | Hometown Credit Union Credit union, Shenandoah, IA | $3M |
| Oct 2021 | Nishna Valley Credit Union Credit union, Atlantic, IA | $41M |
| Aug 2015 | Scicap Credit Union Credit union, failed, Chariton, IA | $2M |
| Sep 2014 | Louden Depot Community Credit Union Credit union, failed, Fairfield, IA | $5M |
| Nov 2011 | M.H.I. Credit Union Credit union, Mount Pleasant, IA | $2M |
| Oct 2010 | Hi-Tec Credit Union Credit union, Ottumwa, IA | $2M |
Where they operate
24 branches in 19 counties.
1 of 24 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Wapello County, IA | 5 | 29.4% | 1 of 11 |
| Marion County, IA | 2 | 10.5% | 2 of 11 |
| Appanoose County, IA | 1 | 12.5% | 2 of 7 |
| Cass County, IA | 1 | 7.7% | 5 of 8 |
| Clarke County, IA | 1 | 16.7% | 3 of 4 |
| Davis County, IA | 1 | 25.0% | 1 of 4 |
| Henry County, IA | 1 | 9.1% | 2 of 8 |
| Jefferson County, IA | 1 | 12.5% | 3 of 6 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 16 | |
| 2017 | 17 | +1 |
| 2018 | 16 | −1 |
| 2019 | 18 | +2 |
| 2020 | 18 | 0 |
| 2021 | 21 | +3 |
| 2022 | 22 | +1 |
| 2023 | 22 | 0 |
| 2024 | 24 | +2 |
| 2025 | 24 | 0 |
| Jun 2026 | 24 | 0 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 3.14% | 0.69% |
| Net worth ratio | 10.50% | 10.89% |
| Loans to shares | 93% | 88% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Iowa
Most branches in Wapello County, IA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.