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What is a credit union?

A credit union is a not-for-profit, financial cooperative that is owned and governed by its members. Earnings are returned to members through better rates and fewer fees. Unlike other financial institutions, this cooperative structure allows credit unions to put people before profits.

What does this mean for Iowa? Iowa credit unions provide their 1.4 million members with more than $160 million in annual savings compared to what they would have paid for similiar services at a bank. Credit unions also provide direct impact for the communities in which they operate and contribute $1.9 billion to the state economy annually.

Learn more about how Iowa credit unions are impacting Iowa communities here.