3.5 star ratingAverage User Rating:
3.5 star rating based on 6 reviews.

University of Iowa Community Credit Union

University of Iowa Community Credit Union Locations
500 Iowa Avenue
Iowa City, IA 52240
(800) 397-3790
www.uiccu.org



University of Iowa Community Credit Union is headquartered in Iowa City and is the 2nd largest credit union in the state of Iowa. It is also the 114st largest credit union in the nation. It was established in 1938 and as of September of 2011, it had grown to 221 employees and 88,720 members. University of Iowa Community Credit Union's savings rates are 73% higher than the national average, and it has a 4-star health rating.

Related Posts

University Of Iowa Community Credit Union Dropped RCA Rate... (Forum) - 7/30/2011

from (4.25%, $25K) to (3.75%, $25K); effective  8/1/11. I was about to fund this account yesterday, luckily I held my check:D Advantage: Still not a bad rate at all. Disadvantagess: 1. Not in shared branch. 2. A minimum of $100 ACH deposit. 3.

Top 4-Year CD Rate at University of Iowa Community Credit Union - Local Only - 5/5/2011

University of Iowa Community Credit Union has changed its CD and IRA CD special. Its 16-month CD special has changed to a 4-year CD special. Like the old one, this new special is very competitive with ...

16- Month Special CD /IRA CD 2.5%. Min 1000 (Forum) - 4/10/2011

Univ of Iowa Credit Union has 16-month special with rate of 2.5%, applied for regular account and IRA. Likely local only.

Higher CD and Reward Checking Account Rates at University of Iowa Community Credit Union - Local Only - 3/1/2011

With the start of a new month, it's nice to see some institutions raising rates instead of cutting. One of those is the University of Iowa Community Credit Union . As I mentioned last week , UICCU ann ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

University of Iowa Community Credit Union Checking Account Rates

ApyMinMaxProduct
3.25%-$25kRewards Checking
0.25%$500-Community Checking
0.25%$500-Small Business Checking
0.25%$1k-Business Checking
0.25%$5k-Commercial Checking
0.00%--Free Checking

University of Iowa Community Credit Union Savings Account Rates

ApyMinMaxProduct
0.90%$250k-Big Savings Account
0.90%$250k-Business Big Savings Account
0.25%$100-Share Savings Account
0.25%$500-Business Savings
0.25%$5k-Business Platinum Savings Account

University of Iowa Community Credit Union Money Market Rates

ApyMinMaxProduct
0.25%$5k-Platinum Money Market

University of Iowa Community Credit Union CD Rates

ApyMinMaxProduct
2.15%$500-49 - 60 Month CD
2.00%$500-37 - 48 Month CD
1.65%$500-25 - 36 Month CD
1.45%$250k-10 Month CD Special
1.30%$1k-22 Month CD Special
1.15%$500-13 - 24 Month CD
0.85%$500-7 - 12 Month CD
0.85%$100-12 Month Young Investors CD
0.35%$500-3 - 6 Month CD

University of Iowa Community Credit Union IRA Rates

ApyMinMaxProduct
2.15%$100-49 - 60 Month IRA
2.15%$100-49 - 60 Month Roth IRA
2.15%$100-49 - 60 Month CESA
2.15%$100-49 - 60 Month SEP IRA
2.00%$100-37 - 48 Month IRA
2.00%$100-37 - 48 Month Roth IRA
2.00%$100-37 - 48 Month CESA
2.00%$100-37 - 48 Month SEP IRA
1.65%$100-25 -36 Month CESA
1.65%$100-25 -36 Month IRA
1.65%$100-25 -36 Month Roth IRA
1.65%$100-25 -36 Month SEP IRA
1.45%$250k-10 Month IRA Special
1.45%$250k-10 Month CESA Special
1.45%$250k-10 Month SEP IRA Special
1.45%$250k-10 Month Roth IRA Special
1.30%$1k-22 Month IRA Special
1.30%$1k-22 Month Roth IRA Special
1.30%$1k-22 Month CESA Special
1.30%$1k-22 Month SEP IRA Special
1.15%$100-13 - 24 Month IRA
1.15%$100-13 - 24 Month Roth IRA
1.15%$100-13 - 24 Month CESA
1.15%$100-13 - 24 Month SEP IRA
0.85%$100-7 - 12 Month IRA
0.85%$100-7 - 12 Month Roth IRA
0.85%$100-7 - 12 Month CESA
0.85%$100-7 - 12 Month SEP IRA
0.35%$100-3 - 6 Month IRA
0.35%$100-3 - 6 Month Roth IRA
0.35%$100-3 - 6 Month CESA
0.35%$100-3 - 6 Month SEP IRA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


UNIVERSITY OF IOWA COMMUNITY
NCUA #60269
BankRate ReportView
Year Established1938
Employees221
Primary Regulator

Assets and Liabilities

Assets$1.36 billion
Loans$1.20 billion
Deposits$1.05 billion
Equity Capital$109.12 million
Loan Loss Allowance$7.84 million
Unbacked Noncurrent Loans$7.59 million
Real Estate Owned$3.49 million

Historic Data - September 2010

Assets$1.09 billion
Equity Capital$89.82 million
Loan Loss Allowance$6.76 million
Unbacked Noncurrent Loans$6.78 million
Real Estate Owned$7.26 million

Profit Margin - Quarterly

Net Interest Margin2.52%
Return on Assets1.42%
Return on Equity17.64%
Interest Income$47.60 million
Non-Interest Income$11.54 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 University of Iowa Community Credit Union had $11.08 million in non-current loans and owned real-estate with $116.96 million in equity and loan loss allowances on hand to cover it. This gives University of Iowa Community Credit Union a Texas Ratio of 9.47% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for University of Iowa Community Credit Union decreased slightly from 14.54% as of September 30, 2010 to 9.47% as of September 30, 2011, resulting in a positive change of 34.85%.This indicates that the balance sheet and financial strength for University of Iowa Community Credit Union has improved slightly in recent periods.
Deposit Growth5
In the past year, University of Iowa Community Credit Union has increased its total deposits by $194.72 million, resulting in 22.82% 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 University of Iowa Community Credit Union has shown is excellent.
Capitalization3
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. University of Iowa Community Credit Union has $1.36 billion in assets with $116.96 million in equity, resulting in a capitalization level of 8.61%, which is average.
Write Review

Not So Rewarding Checking
3 stars - jdmcderm - Tuesday, August 2, 2011 - 12:01 PM

While the U of Iowa Credit Union currently has some of the best rates available for their Rewards Checking account, beware of all of the hoops they make you jump through to get that rate.  One of the many stipulations is using the account's debit card 12 times a month (a reasonable request).  However, I've now been burned twice by slow posting transactions that mysteriously happen at the end of the month.  This is blamed on the merchant of course, despite the fact that the credit union processes the funds hold the moment the card is swiped.  Their customer service rep actually credited the lost interest to my account the first time this happened about a year ago.  Unfortunately, the customer service rep I encountered this time was rude, snappy and lectured me about how the banking system works (thanks, but I have Google too).  Therefore I decided to exercise what little power we consumers have and am sharing this experience with you in the hope that it might help someone else.  Bottom line if you have a U of I rewards checking account (or two in my case), make sure your 12 transactions have posted prior to the end of the month so your great rate doesn't drop to near zero for that month.

I would give the account 5 stars for the rate, one star for the Byzantine requirements to get that rate and two stars for the sad state of their customer service, which used to be stellar.  At least they picked up the phone quickly.

4

Great Account! Includes A Best Rate Guarantee On Cds Too
5 stars - Anonymous - Friday, December 4, 2009 - 10:45 PM

Great account! Includes a best Rate Guarantee on CDs too.

4

ATM DEPOSITS
1 stars - 2309 - Saturday, November 12, 2011 - 12:18 PM

A week ago I used UICC's outside ATM to deposit a check thinking that my account would be ok . Then after reviewing my account online I found that they withdrew my check because they said a check wasnt in the envelope. My fiancee and I clearly put the check into the envelope and sealed it shut and wrote in red ink. Between their atm machine and the employees  recieving the envelope the check was lost and now im out x amount of dollars (shaking my head). NEVER use their atm machines to deposit anything !!!

3

Not So Rewarding Rewards Checking Account
1 stars - numberten - Tuesday, October 4, 2011 - 5:18 PM

5* for still one of the best rates; 0* for innumberable hoops that they make you jump through to get it. Like one other poster, I got burned the first time for late posting of one transaction (they grudgingly made good on the interest that month); the second time I got burned because of one small Debit Card charge; I had 12 ATM Debits > $5 but I didn't realize that the 13th transaction, being of small amount, brought the average of 13 ATM Debit transactions down below $5 ($4.98) (I would have made it if I had done only the twelve transactions!). For crying out loud, I have a Phd in CSE but I cannot keep up with these horrendous requirements and this slow learning-by-getting-burned every month. I may not be able to pull my money out immediately due to their CD bonus rate but this is definitely a royal PITA. The first chance I get I am moving my money out!

2

Come To Des Moines
5 stars - Tom54321 - Wednesday, November 23, 2011 - 9:09 AM

Great rates. Always competitive on the deposit and loan side. No origination fees on mortgages. I just wish they had branches over here in Des Moines. Bring it west UICCU.

1

Great Account!
5 stars - slq - Saturday, August 27, 2011 - 11:52 AM

I have had the rewards checking account shortly after the credit union introduced it.  It has been a wonderful account.  Staff explained the features of this product in great detail, inlcuding the posting of the minimum of 12 "credit" transactions each month.  If you truly use this account as your primary checking account, there is no reason you can't meet the minimum number of transactions.  The rates have continued to be very competitive.  I have been very satisfied with this account.  They must be doing something right to be the #1 credit union in the US in member giveback, thank you! 

1