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Greater Iowa Credit Union


Overview / Commentary
www.greateriowacu.org
515-232-6310
1509 Baltimore Dr
Ames, IA 50010

Greater Iowa Credit Union is headquartered in Ames and is the 8th largest credit union in the state of Iowa. It is also the 563rd largest credit union in the nation. It was established in 1932 and as of March of 2020, it had grown to 113 employees and 33,536 members at 8 locations. Greater Iowa Credit Union's money market rates are 2X the national average, and it has an A 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

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Reviews (3)

Good service and easy to work with

Posted by: |

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.

4

Horrible Service

Posted by: |

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!

4

Do Not Trust This Bank

Posted by: |

   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!

3


Health
A

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
NCUA #64203
Year Chartered1932
Employees113
Primary Regulator
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.27%
Annual Interest Income$5.2MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$544.4MM$470.5MM
LoansQ1 2020vs Q1 2019$491.5MM$371.4MM
DepositsQ1 2020vs Q1 2019$491.2MM$410.9MM
Equity CapitalQ1 2020vs Q1 2019$43.6MM$41.2MM
Loan Loss AllowanceQ1 2020vs Q1 2019$2.2MM$3.2MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.3MM$1.5MM
Real Estate OwnedQ1 2020vs Q1 2019$192.00K$223.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Greater Iowa Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Greater Iowa Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-High Yield IRA Savings
OTHER TIERS: 0.20% → Up to $10k | 0.35% → $10k - $50k | 0.50% → $50k - $100k | 0.55% → $100k - $250k
0.60%*$50k*-High Yield ESA Savings
OTHER TIERS: 0.35% → $100 - $10k | 0.50% → $10k - $25k | 0.55% → $25k - $50k
0.60%*$50k*-Health Savings Account (HSA)
OTHER TIERS: 0.35% → $100 - $10k | 0.50% → $10k - $25k | 0.55% → $25k - $50k
0.15%*$10k*-Primary Share Accounts
OTHER TIERS: 0.05% → $50 - $2.5k | 0.10% → $2.5k - $10k
0.15%*$10k*-Secondary Share Accounts
OTHER TIERS: 0.05% → $50 - $2.5k | 0.10% → $2.5k - $10k
0.05%$5-Business Share Account - Primary
0.05%$5-Business Share Account - Secondary

Greater Iowa Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.95%*$200k*-eMoney Market Accounts
OTHER TIERS: 0.20% → $10k - $25k | 0.30% → $25k - $50k | 0.45% → $50k - $100k | 0.70% → $100k - $200k
0.30%*$50k*-Money Market Accounts
OTHER TIERS: 0.20% → $2.5k - $25k | 0.25% → $25k - $50k
0.25%*$50k*-Business Money Market Account
OTHER TIERS: 0.15% → $2.5k - $25k | 0.20% → $25k - $50k

Greater Iowa Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.53%*-$20kGreater Checking
OTHER TIERS: 0.15% → $20k+
0.10%*$25k*-Greater Iowa Prestige Checking
OTHER TIERS: 0.03% → $1k - $2.5k | 0.05% → $2.5k - $10k | 0.08% → $10k - $25k
0.07%*$25k*-Premium Checking
OTHER TIERS: 0.01% → $200 - $2.5k | 0.03% → $2.5k - $10k | 0.05% → $10k - $25k
0.05%*$25k*-Commercial+ Checking
OTHER TIERS: 0.03% → $2.5k - $25k
0.03%*$2.5k*-Business Essentials Checking
OTHER TIERS: 0.01% → $500 - $2.5k

Greater Iowa Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%*$90k*-60 Month CD
OTHER TIERS: 1.76% → $1k - $10k | 1.87% → $10k - $90k
1.71%*$90k*-48-59 Month CD
OTHER TIERS: 1.56% → $1k - $10k | 1.66% → $10k - $90k
1.51%*$90k*-36-47 Month CD
OTHER TIERS: 1.36% → $1k - $10k | 1.46% → $10k - $90k
1.16%*$90k*-24-35 Month CD
OTHER TIERS: 1.00% → $1k - $10k | 1.11% → $10k - $90k
1.11%*$100k*-Business 25 - 36 Month CD
OTHER TIERS: 1.06% → $5k - $100k
1.00%$1k-21 Month CD Special
1.00%$5k-Business 21 Month CD Special
0.95%*$90k*-18-23 Month CD
OTHER TIERS: 0.80% → $1k - $10k | 0.90% → $10k - $90k
0.75%$1k-8 Month CD Special
0.75%*$90k*-12-17 Month CD
OTHER TIERS: 0.60% → $1k - $10k | 0.70% → $10k - $90k
0.75%$5k-Business 8 Month CD Special
0.70%*$100k*-Business 13 - 24 Month CD
OTHER TIERS: 0.65% → $5k - $100k
0.55%*$90k*-6-11 Month CD
OTHER TIERS: 0.40% → $1k - $10k | 0.50% → $10k - $90k
0.50%*$100k*-Business 6 - 12 Month CD
OTHER TIERS: 0.45% → $5k - $100k

Greater Iowa Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.92%$1k-60 Month IRA
1.71%$1k-36 - 59 Month IRA
1.00%$1k-18 - 35 Month IRA
1.00%$1k-21 Month IRA Special
0.75%$1k-8 Month IRA Special
Locations


Greater Iowa Credit Union Locations
Branch Office801 Lincoln WayAmes, IA 50010
Branch Office230 N 7th StDenison, IA 51442-1800
Branch Office2623 Northridge PkwyAmes, IA 50010-7109
Branch Office200 Airport Rd Ste 200Ames, IA 50010-8214
Branch Office1630 22nd StWest Des Moines, IA 50266-1407
Branch Office600 E 30th StDes Moines, IA 50317-2406
Branch Office301 E Scenic Valley AveIndianola, IA 50125-4865
Branch Office1195 SE Alices RdWaukee, IA 50263-9669

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