Minimum opening balance is $50K with $15K of new money. It's available for both personal and business accounts. It has the typical withdrawal limit of 6 per month. One thing that's different is that funds must be withdrawan in amounts of $250 or more. Withdrawals below the minium are subject to a service fee. Dividends are calculated daily and credited and compounded monthly. There's no rate guarantee, so rates are subject to change at anytime.
The credit union also has two fairly competitive CD specials: 2.30% APY 11-month CD and a 2.67% APY 27-month CD. These rates are listed in the credit union's rates page as of 6/17/09.
Membership is open to those who live or work in one of several counties in Iowa, Wisconsin and Illinois. Please refer to their Becoming a Member Page for the full details. Membership requires a minimum balance of $25 in the share savings account.
Branches are located in the Iowa cities of Dubuque, Asbury, Dyersville, Cedar Rapids, Manchester, in Galena, Illinois and in Platteville, Wisconsin.
The credit union has solid ratings for safety and soundness: 5 stars (superior) at BauerFinancial (based on 3/31/09 data) and 4 stars (sound) at Bankrate.com (based on 12/31/08 data). The credit union is federally insured by the NCUA (Charter # 64049).