N.W. Iowa Credit Union

Overview / Commentary
1411 Industrial Rd SW
Le Mars, IA 51031

N.W. Iowa Credit Union is headquartered in Le Mars and is the 34th largest credit union in the state of Iowa. It is also the 2,233rd largest credit union in the nation. It was established in 1966 and as of June of 2020, it had grown to 10 employees and 5,013 members at 1 location. N.W. Iowa Credit Union's money market rates are 59% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Plymouth, Woodbury, O'Brian, Cherokee, Union, and Sioux Counties in Iowa.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. N.W. Iowa Credit Union has a relatively low asset base.

Health Grade Components

NCUA #63399
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD6.38%
Annual Interest Income$921.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$60.8MM$52.8MM
LoansQ2 2020vs Q2 2019$39.3MM$36.8MM
DepositsQ2 2020vs Q2 2019$53.5MM$46.0MM
Equity CapitalQ2 2020vs Q2 2019$7.2MM$6.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$76.00K$62.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$50.00K$182.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

N.W. Iowa Credit Union Savings Account Rates

OTHER TIERS: 1.51% $1 - $50k | 1.76% $50k - $100k
0.40%*$1k*-Regular Savings
OTHER TIERS: 0.30% Up to $1k
0.35%--Kirby Kangaroo
0.30%--Christmas Club

N.W. Iowa Credit Union Money Market Rates

0.70%*$50k*-Money Market Account
OTHER TIERS: 0.60% $1k - $50k

N.W. Iowa Credit Union Checking Account Rates

0.25%*$1k*-Share Draft Checking
OTHER TIERS: 0.20% Up to $1k

N.W. Iowa Credit Union CD Rates

0.95%*$10k*-36 Month CD
OTHER TIERS: 0.90% $1k - $10k
0.80%*$10k*-24 Month CD
OTHER TIERS: 0.70% $1k - $10k
0.70%*$10k*-12 Month CD
OTHER TIERS: 0.60% $1k - $10k
0.60%*$10k*-6 Month CD
OTHER TIERS: 0.50% $1k - $10k

N.W. Iowa Credit Union Locations
Branch Office1411 Industrial Rd SWLe Mars, IA 51031

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