Greater Iowa Credit Union is headquartered in Ames and is the 8th largest credit union in the state of Iowa. It is also the 604th largest credit union in the nation. It was established in 1932 and as of September of 2022, it had grown to 130 employees and 36,322 members at 9 locations. Greater Iowa Credit Union has a B+ health rating.
Field of Membership Restrictions
Greater Iowa Credit Union offers membership to individuals who live, work, worship or attend school in Adair, Audubon, Boone, Butler, Calhoun, Carroll, Clarke, Crawford, Dallas, Franklin, Greene, Grundy, Guthrie, Hamilton, Hardin, Harrison, Ida, Jasper, Lucas, Madison, Marion, Marshall, Monona, Polk, Poweshiek, Sac, Shelby, Story, Tama, Warren, Webster, Woodbury, and Wright Counties. Also included are members of a variety of organizations and associations, including active, current, reservist, and retired members of the military who are/were stationed in Iowa. Family and/or household members of a current Credit Union member are also eligible.
See current membership details
Good service and easy to work with
I have had nothing but good experiences with Greater Iowa Credit Union and often recommend it to others. The service in their branches has always been impeccable, and I have found that working with them is hassle-free compared to most banks I have dealt with.
The only odd thing about GICU was that, to get a loan with them, I had to open a separate savings account. This just required a $5 deposit, so it was not a big problem, but just something I needed to remember to close once the loan was paid. The bank employee I spoke to said it was so that I was a member of the credit union. Other than that, it was simply a trouble-free loan for me.
Horrible Service
Horrible people. Will be closing my account with them ASAP! I have been with this bank for more than 3 years and they have turned me up and down at processing a loan for more than 2 weeks. I sent them everything they needed and they treated me like they were doing me an undeserved favor. Horrible bank! Moving to US bank!
Do Not Trust This Bank
Think twice before getting an account here. If you move and have to use a different bank they will take money from you then leave a lame excuse for the charges. A soon as I put money in my new bank. They started adding 25.00 charges everytime the card was used. Then they only gave me half the money back. There is nothing great about the Greater Iowa Credit Union!
Data as of Q3 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 64203 |
| Year Chartered | 1932 |
| Employees | 130 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.37% |
| Return on Equity - YTD | 4.92% |
| Annual Interest Income | $16.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2022vs Q3 2021 | $653.9MM$639.2MM |
| Loans | Q3 2022vs Q3 2021 | $583.0MM$529.5MM |
| Deposits | Q3 2022vs Q3 2021 | $587.2MM$575.6MM |
| Equity Capital | Q3 2022vs Q3 2021 | $50.3MM$48.6MM |
| Loan Loss Allowance | Q3 2022vs Q3 2021 | $1.8MM$2.7MM |
| Unbacked Noncurrent Loans | Q3 2022vs Q3 2021 | $1.3MM$1.3MM |
| Real Estate Owned | Q3 2022vs Q3 2021 | $0$0 |