The Credit Union Difference

Credit unions are cooperatively-owned, not-for-profit financial institutions.  Every credit union member is an equal owner of the financial cooperative.

Credit unions reinvest earnings to benefit all members in the form of lower interest rates on loans, higher rates on savings and fewer fees. Iowa credit union members save approximately $155 million annually. 


They support members in times of need with low-interest loans for medical emergencies, more options to help families pay for college or buy a home and with financial literacy programs to empower consumers to improve their financial lives. 


COVID-19 Impact: Iowa Credit Unions Serve as Financial First Responders

Iowa credit unions have stepped up to help Iowans and small businesses during the COVID-19 pandemic. Here are just a few ways credit unions are putting people helping people into action.

Credit Union Provides Flexibility in Payment for Grinnell Member


A member recently used a “skip payment” option at his credit union. He is self-employed and recently became laid off. He was thankful the credit union offered this option since he can now use the money he has left to go toward food and gas instead of frantically keeping up on his payments and potentially impacting his credit if he cannot make the payment. 

People Helping People Has Never Been More Important 


Has an Iowa credit union had a positive impact on your life or community? Join your fellow Iowans and tell your credit union story today!

We want to share your stories and celebrate the impact of credit unions in the lives of Iowans and communities across Iowa. Upload videos, photographs and written stories that showcase the credit union difference.

Credit Unions Benefit Iowans

As financial cooperatives, credit unions return excess earnings to members in the form of better rates and fewer fees. Iowa credit unions saved members approximately

$155 MILLION last year. 



of total mortgage applications from low/moderate income borrowers are APPROVED


average first mortgage loan made by credit unions


of consumer loans at credit unions are less than 



of business loans at credit

unions are less than 


Iowa Credit Union Impact


Number of 

Credit Unions

in Iowa

1.3 Million 

Number of 


$15.5 Billion

In home and auto loans to Iowans

$150+ Million

In Annual Member Savings Through Better Rates and Fewer Fees 

$1.57 Billion

Annual Economic Contribution to Iowa's Economy

Credit Unions Are Part of Iowa's Economic Engine

Iowa credit unions contributed $1.57 billion in total economic output in Iowa in 2018. For every $1 spent by the state’s credit unions, there is $0.52 added elsewhere in Iowa’s economy. In addition, every job at an Iowa credit union supports 1.02 other jobs elsewhere in Iowa’s economy.

Find a Credit Union

Need help finding a credit union in your area? Check out our credit union locator here to get started. 

Helping Small Businesses Across Iowa

Credit unions help small business dreams come to life across Iowa.  Below are examples of business owners that have benefited from Iowa credit unions and their people helping people approach. 

A project of the Iowa Credit Union League

Questions about Iowa Credit Unions? Contact