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Corda Credit Union

Corda Credit Union


Overview / Commentary
www.cordacu.org
319-892-7300
3015 Blairs Ferry Rd NE
Cedar Rapids, IA 52402

Corda Credit Union is headquartered in Cedar Rapids and is the 8th largest credit union in the state of Iowa. It is also the 617th largest credit union in the nation. It was established in 1935 and as of June of 2024, it had grown to 101 employees and 25,734 members at 4 locations. Corda Credit Union has an A health rating.

Field of Membership Restrictions

Membership in Corda Credit Union is open to those who live or work in the Iowa counties of Benton, Black Hawk, Bremer, Buchanan, Cedar, Clayton, Clinton, Delaware, Dubuque, Fayette, Iowa, Jackson, Johnson, Jones, Keokuk, Linn, Louisa, Muscatine, Poweshiek, Scott, Tama or Washington. Anyone whose family member is a current member of the credit union is also eligible to join.
See current membership details

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Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #63602
Year Chartered1935
Employees101
Primary Regulator
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD6.65%
Annual Interest Income$18.2MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$674.2MM$637.3MM
LoansQ2 2024vs Q2 2023$579.7MM$542.5MM
DepositsQ2 2024vs Q2 2023$518.9MM$493MM
Equity CapitalQ2 2024vs Q2 2023$67.7MM$61.5MM
Loan Loss AllowanceQ2 2024vs Q2 2023$2.3MM$2.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$4.8MM$1.3MM
Real Estate OwnedQ2 2024vs Q2 2023$75K$196K
Rates

Rates for Corda Credit Union are currently being reviewed.

Locations


Corda Credit Union Locations
Branch Office3015 Blairs Ferry Rd NECedar Rapids, IA 52402
Branch Office3700 Edgewood Rd SWCedar Rapids, IA 52404
Branch Office3330 Mount Vernon Rd SECedar Rapids, IA 52403-3613
Branch Office3375 7th AveMarion, IA 52302

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