Serve Credit Union


Overview / Commentary
515-243-2677
423 E Court Ave
Des Moines, IA 50309

Serve Credit Union is headquartered in Des Moines and is the 30th largest credit union in the state of Iowa. It is also the 1,841st largest credit union in the nation. It was established in 1932 and as of March of 2025, it had grown to 16 employees and 5,021 members at 2 locations. Serve Credit Union has a B+ health rating.

Field of Membership Restrictions

Serve Credit Union of Iowa is open to the residents, church members, people maintaining employment, employees, volunteers, and retirees of any government agency and/or office on every level within these Iowa Counties: Polk, Dallas, Boone, Story, Jasper, Marion, Warren, and Madison as well as the employees of the qualified small business groups, any affiliated organization that is oriented towards the public safety genre, credit union employees, and the immediate family members that share the same home of current credit union members.
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Health
B+
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. Serve Credit Union has a relatively low asset base.

Health Grade Components

Overall
NCUA #65150
Year Chartered1932
Employees16
Primary Regulator
Profit Margin
Return on Assets - YTD1.13%
Return on Equity - YTD6.69%
Annual Interest Income$1.3MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$98.8MM$100.1MM
LoansQ1 2025vs Q1 2024$73.8MM$79.5MM
DepositsQ1 2025vs Q1 2024$81.6MM$83.9MM
Equity CapitalQ1 2025vs Q1 2024$16.5MM$15.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$628K$506K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$386K$200K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

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Locations


Serve Credit Union Locations
Branch Office423 E Court AveDes Moines, IA 50309-2010
Branch Office3743 86th StUrbandale, IA 50322-4008

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