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Overview / Commentary
909 9th St
West Des Moines, IA 50265

United Service Credit Union is headquartered in West Des Moines and is the 35th largest credit union in the state of Iowa. It is also the 2,561st largest credit union in the nation. It was established in 1955 and as of March of 2014, it had grown to 7 employees and 4,110 members. United Service Credit Union's savings rates are 15% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Must be an employee of one of the several eligible groups. - See Details

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. United Service Credit Union has a low asset base.

Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 United Service Credit Union had $47,000 in non-current loans and owned real-estate with $3.48 million in equity and loan loss allowances on hand to cover it. This gives United Service Credit Union a Texas Ratio of 1.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for United Service Credit Union decreased dramatically from 3.38% as of March 31, 2013 to 1.35% as of March 31, 2014, resulting in a positive change of 60.12%.This indicates that the balance sheet and financial strength for United Service Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, United Service Credit Union has increased its total deposits by $989,000, resulting in 2.7% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth United Service Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. United Service Credit Union has $40.95 million in assets with $3.48 million in equity, resulting in a capitalization level of 8.50%, which is average.

Institution Statistics

NCUA #61919
Year Chartered1955
Primary Regulator
Assets and Liabilities
Assets$40.95 million
Loans$12.63 million
Deposits$37.55 million
Equity Capital$3.26 million
Loan Loss Allowance$219,000
Unbacked Noncurrent Loans$47,000
Real Estate Owned$0
Historic Data - March 2013
Assets$39.81 million
Equity Capital$2.99 million
Loan Loss Allowance$198,000
Unbacked Noncurrent Loans$47,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.28%
Return on Assets0.56%
Return on Equity6.99%
Interest Income$261,000

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United Service Credit Union Savings Account Rates

0.60%--Traditional IRA
0.60%--Roth IRA
0.60%--Educational IRA
0.40%--Holiday Club Account
0.30%--Youth Share Account
0.15%$25$100Basic Share Account
0.10%-$100Misc. Share Account

United Service Credit Union Money Market Rates

0.30%$50k-Money Market Account

United Service Credit Union Checking Account Rates

0.10%--Share Draft Account

United Service Credit Union CD Rates

0.90%$25k-2 Year CD
0.60%$25k-1 Year CD
0.35%$5k-6 Month CD

United Service Credit Union Locations
Branch Office909 9th StWest Des Moines, IA 50265