Sep, 30, 2025 — COMMUNITY 1ST CREDIT UNION is a federally insured state chartered credit union headquartered in OTTUMWA, IA with 23 branch locations and about $1.04 billion in total assets. Opened 90 years ago in 1936, COMMUNITY 1ST CREDIT UNION has about 72,447 members and employs 310 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | COMMUNITY 1ST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1100 Hutchinson Ave OTTUMWA, IA 52501 |
| Phone: | (866) 360-5370 |
| Fax: | (641) 683-6301 |
| Website: | https://www.c1stcu.com |
| Branches: | 23 branch locations |
| Members: | 72,447 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68510 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,042,673,037 |
| CEO/Manager: | Gregory Hanshaw |
| Chairperson: | Courtney Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 68,716,741 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,657,300 |
| Real Estate Loans | 578,468,448 |
| Unsecured Loans | 29,499,531 |
| Other Loans | 290,963,043 |
| TOTAL LOANS | 903,081,054 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -13,282,597 |
| Land And Building | 21,506,856 |
| Other Fixed Assets | 3,593,340 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,588,223 |
| All Other Assets | 156,959 |
| TOTAL ASSETS | 1,042,673,037 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 10,178,310 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 252,419,810 |
| Regular shares | 353,117,526 |
| All Other Shares & Deposits | 316,412,429 |
| TOTAL SHARES & DEPOSITS | 921,949,762 |
| TOTAL LIABILITIES | 932,128,072 |
| Regular Reserve | 0 |
| Other Reserves | 28,876,057 |
| Undivided Earnings | 81,668,908 |
| TOTAL EQUITY | 110,544,965 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,042,673,037 |
| INCOME & EXPENSE | |
| Loan Income | 40,819,205 |
| Investment Income | 2,839,997 |
| Other Income | 8,433,398 |
| Total Employee Compensation & Benefits | 19,800,854 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,434,255 |
| Non-operating Income & (Expense) | 32,333 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 5,089,180 |
| Cost of Funds | 11,059,245 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,394,609 |
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