Iowa

REGULATING AGENCY: Iowa Division of Credit Unions

Iowa Capitol Building

  • Katie Averill, Superintendent of Credit Unions
  • Jessica Pollmeier, Executive Officer-Attorney
  • Website: creditunions.iowa.gov

LEAGUE: Iowa Credit Union League

PRIVATE SHARE INSURANCE: No

STATS: (As of Q4 2021)

Total Number of Credit Unions: 81

  • TOTAL # SCUs: 80
  • TOTAL # FCUs: 1
  • SCU % OF TOTAL (SCUS #/STATE TOTAL #): 99%

Total Assets: $27,759,256,975

  • TOTAL $ SCU ASSETS: $27,575,893,197
  • TOTAL $ FCU ASSETS: $183,363,778
  • SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 99%

Total Members: 1,453,121

  • TOTAL Members SCUs: 1,441,765
  • TOTAL Members FCUs: 11,356
  • SCU % OF TOTAL (SCUS/STATE TOAL): 99%

FUN FACT: Iowa has the shortest and steepest railroad in the country. It has a sixty-degree incline and is only 296 feet long.


RECENT NEWS

CO-OP Financial Services Celebrates 40th Anniversary with a Year of Product Roadmap Achievements on Behalf of Credit Unions

December 28, 2021 – CO-OP Financial Services celebrated its 40th anniversary in 2021 with numerous achievements that signal its continued leadership in building a modern financial services experience.

“CO-OP’s mission for the past 40 years has been to champion the growth of credit unions and their members’ financial well-being, and we are just getting started,” said Todd Clark, President/CEO of CO-OP. “In the past year we invested $50 million in our technology roadmap to ensure our clients remain competitive, strong and able to delight their members with leading-edge technology and services. Our financial strength, which has allowed us to transform into a true financial technology engine for the credit union industry, was bolstered by record-breaking payments transactions of more than 8 billion in 2021.”

READ MORE


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