First Federal Credit Union announces new branch location in Marion

Cedar Rapids, IA - First Federal Credit Union has signed an agreement to open a new branch location as  the initial tenant in a new retail property in Marion being developed by Genesis Equities.  The site is on the corner of 7th Avenue and 26th Street in Marion. 

“We’re very pleased to announce this future location”, said Tom Chalstrom, President & CEO of First Federal Credit Union. “We look forward to being part of the Marion community.  This is an ideal location for our members and is part of First Federal’s continued commitment and approach to providing outstanding service and convenience to our members where, when, and how they use our products and services. ”

According to Chalstrom, the preliminary site plan would include a building size of approximately 11,000 sf.  The First Federal office will occupy approximately 2,800 sf with the remaining building used for other tenants.   

 “We will be opening the Marion location during the first quarter of 2020.  We look forward to working with Genesis Equities as the developer and will diligently work with our design and construction team to create a facility that will meet the needs of our employees and members.  Opening a branch in Marion has been in our plans for several years and we appreciate the opportunity to work with Hannah Kustes and Genesis Equities in accomplishing this goal,” Chalstrom remarked. 

Chairman of the Board Mike Pickering added, “Throughout our 93-year history we have continually looked toward the future.  The addition of a new location for our members fits into our strategic objectives for providing our best-in-class products and services to residents across Linn County.” 

About First Federal Credit Union

First Federal Credit Union is a 10,000 member –strong credit union with offices in Cedar Rapids, Hiawatha and Spencer, IA.  Originally chartered in 1926, First Federal Credit Union is the second-oldest credit union in the state of Iowa.  First Federal provides membership to anyone who lives, works, or worships in Linn, Clay, Dickinson, and Buena Vista counties in Iowa. For more information call 319.743.7806 or visit   First Federal Credit Union’s deposits are insured by the National Credit Union Association up to the full extent permitted by law.

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