About Credit Unions
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 1.1 million members with $100 million in annual savings compared to what they would have paid for similar services at a bank. Credit unions also provide direct impact for the communities in which they operate and contribute $1.25 billion to the state economy.