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 29th largest credit union in the state of Iowa. It is also the 1,838th largest credit union in the nation. It was established in 1932 and as of September of 2024, it had grown to 16 employees and 5,105 members at 2 locations. Serve Credit Union's CD rates are 5X the national average, and it has an A 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
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 - YTD1.49%
Return on Equity - YTD9.31%
Annual Interest Income$3.8MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$98MM$98.5MM
LoansQ3 2024vs Q3 2023$76.9MM$82.8MM
DepositsQ3 2024vs Q3 2023$81.2MM$80.9MM
Equity CapitalQ3 2024vs Q3 2023$16MM$14.6MM
Loan Loss AllowanceQ3 2024vs Q3 2023$547K$487K
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$240K$444K
Real Estate OwnedQ3 2024vs Q3 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Serve 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.

Serve Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%$100-IRA Shares
1.01%$100-Coverdell ESA Shares
0.15%$100-Share Savings
0.15%$100-Sub-Shares
0.15%$100-Youth Savings

Serve Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.87%*$100k*-Money Market Share
OTHER TIERS: 1.46% $2.5k - $25k | 1.56% $25k - $50k | 1.66% $50k - $100k

Serve Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$50k*-Share (Draft) Checking
OTHER TIERS: 0.05% $1k - $10k | 0.15% $10k - $50k

Serve Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.29%*$100k*-60 Month Share CD
OTHER TIERS: 4.08% $1k - $50k | 4.18% $50k - $100k
4.24%*$100k*-48 Month Share CD
OTHER TIERS: 4.03% $1k - $50k | 4.13% $50k - $100k
4.18%*$100k*-36 Month Share CD
OTHER TIERS: 3.98% $1k - $50k | 4.08% $50k - $100k
4.13%*$100k*-24 Month Share CD
OTHER TIERS: 3.92% $1k - $100k
4.13%$250$1k24 Month Youth Mini CD
4.13%*$100k*-6 Month Share CD
OTHER TIERS: 3.92% $1k - $50k | 4.03% $50k - $100k
4.08%*$100k*-12 Month Share CD
OTHER TIERS: 3.87% $1k - $50k | 3.98% $50k - $100k
4.08%$250$1k12 Month Youth Mini CD

Serve Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.29%*$100k*-60 Month IRA CD
OTHER TIERS: 4.08% $1k - $50k | 4.18% $50k - $100k
4.29%*$100k*-60 Month ESA IRA
OTHER TIERS: 4.08% $1k - $50k | 4.18% $50k - $100k
4.24%*$100k*-48 Month IRA CD
OTHER TIERS: 4.03% $1k - $50k | 4.13% $50k - $100k
4.24%*$100k*-48 Month ESA IRA
OTHER TIERS: 4.03% $1k - $50k | 4.13% $50k - $100k
4.18%*$100k*-36 Month IRA CD
OTHER TIERS: 3.98% $1k - $50k | 4.08% $50k - $100k
4.18%*$100k*-36 Month ESA IRA
OTHER TIERS: 3.98% $1k - $50k | 4.08% $50k - $100k
4.13%*$100k*-24 Month IRA CD
OTHER TIERS: 3.92% $1k - $50k | 4.03% $50k - $100k
4.13%*$100k*-24 Month ESA IRA
OTHER TIERS: 3.92% $1k - $50k | 4.03% $50k - $100k
4.08%*$100k*-12 Month IRA CD
OTHER TIERS: 3.87% $1k - $50k | 3.98% $50k - $100k
4.08%*$100k*-12 Month ESA IRA
OTHER TIERS: 3.87% $1k - $50k | 3.98% $50k - $100k
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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