Community 1st Credit Union history

The First Office By 1951, the company established a 9’x12’ corner room of the building near the front gate that became the credit union office.

In November 1952, the credit union hired a full time manager and assets had grown to $250,000.

In 1953, the credit union found a new home outside the plant when a new building was constructed on Vine Street in Ottumwa to specifically accommodate the engineering, personnel, and other offices, including the credit union.

Our Own Building In 1961, plans were started to construct the credit union’s first building.

In 1978, good news came for credit unions, as permanent share draft legislation was passed, allowing credit unions to offer share draft "checking" services to members.

November 1989, Industrial Drive branch opens in Neenah

17 Moved the branch location at the King Veterans Home, where Community First has been serving our military heroes and their spouses since 1991

Oskaloosa Branch The first branch outside of Ottumwa was opened in 1994, in Oskaloosa, Iowa, in order to better meet the needs of the many current members who lived in the Oskaloosa area.

Grinnell & Bloomfield The credit union expanded to its first location north of Interstate-80 in 1998, with a new branch located at 205 W. St in Grinnell, Iowa.

1, 1999 the doors opened at 301 Franklin St in Bloomfield, Iowa, to better serve members who lived in this area.

Ottumwa - North In March 2002, a second branch was established in Ottumwa located at 739 Pennsylvania Ave.

Amana Deere Community Federated Credit Union established an office at 2800 220th Trail in Middle, Amana on October 8, 2003, as a result of a merger with the Amana Employees Credit Union.

Cedar Rapids – NE In July 2005, Deere Community Federated Credit Union added a branch at 1030 Sierra Doctor in Cedar Rapids, in a merger with Cedar Rapids Community Credit Union.

Also in 2006, Jefferson County Community Credit Union in Fairfield, Iowa and George Washington Credit Union in Washington, Iowa both merged with Community 1st Credit Union to provide members with expanded products and services.

Albia On May 31, 2007, official groundbreaking began to launch the construction of Community 1st Credit Union’s Albia branch.

The award recognizes credit unions with assets greater than $500 million for achieving a top 10 ranking in 2008 based on a balanced scorecard measurement of growth, income, efficiency and margin management.

HI-TEC Merger & Three Branch Locations Receive Updates Three branch locations received remodeling updates in 2010.

75th Anniversary, Chariton & Venture Doctor 2011 was a big year for Community 1st Credit Union.

Mount Pleasant On February 10, 2012 official groundbreaking took place to launch the construction of the Mount Pleasant location.

The doors also opened to Community 1st Credit Union's 16th branch location, in Indianola, on December 2, 2013.

Knoxville The Knoxville branch is C1st’s 17th branch location in Iowa and was established on December 2, 2016.

Amana Branch Closing Community 1st Credit Union's Amana branch - located at 2800 220th Trail (Whirlpool) in Middle Amana, Iowa - permanently closed its doors on Friday, December 22, 2017.

Ottumwa - JBS Pork Facility Community 1st Credit Union established an office at JBS Pork Facility in Ottumwa, Iowa in May of 2018.

Community 1st Credit Union opened our Corporate Center at 1100 Hutchinson Ave. in northeast Ottumwa in fall of 2019.

Community 1st Credit Union celebrated the Grand Opening and Ribbon Cutting of our 18th branch facility located at 714 W. McLane St in Osceola, IA on July 16th, 2021.