REGULATING AGENCY: Iowa Division of Credit Unions
- 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.
In conjunction with Pay It Forward Day on April 28, 2022, the Ascentra Credit Union Foundation (ACUF), the philanthropic arm of Ascentra Credit Union has contributed $50,000 towards the expansion of the River Bend Food Bank’s facilities.
“Pay It Forward is a movement that has significant meaning to the members and staff of Ascentra Credit Union”, said Jennifer Naeve, SVP and Chief Marketing Officer, Ascentra Credit Union. “Not only is it a part of the credit union philosophy, but our past leaders who are so dear to us have left us with messages to “listen, care, do what’s right” and to “be the light,” and it is our responsibility as a part of the communities we serve to uphold a “pay it forward” mentality to make a difference.”
In 2021, food insecurity in the food bank’s 23-county, bi-state regions grew to more than 115,000 people, including more than 35,000 children. This means that 1 in 10 adults and 1 in 5 children are missing meals. The need for food has increased more than 50% during the pandemic, which is the largest increase in food insecurity since the 2008 recession. As a result, the River Bend Food Bank distributed nearly 22.5 million meals across their service area last year.
“Food insecurity is a serious need in our community,” said Linda Andry, President and CEO, Ascentra Credit Union. “We applaud the efforts that the team at River Bend Food Bank are making to meet the growing need of food insecure people in our communities and are proud to stand behind their mission to end hunger in eastern Iowa and western Illinois.”
Click here to take a look at the stories that have been collected over the years in Iowa.
What’s new in your state?
Click here to submit your state-chartered credit union news stories to NASCUS today!