Overview / Commentary
601 E Court Ave
Des Moines, IA 50309

Village Credit Union is headquartered in Des Moines and is the 60th largest credit union in the state of Iowa. It is also the 3,785th largest credit union in the nation. It was established in 1967 and as of June of 2018, it had grown to 6 employees and 2,645 members at 1 location. Village Credit Union's money market rates are 14% higher than the national average, and it has a B health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Polk, Boone, Dallas, Jasper, Story, Warren, Marion, and Madison Counties in Iowa.
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Reviews (1)

Good Service

Village Credit Union is a small credit union in downtown Des Moines. Of the credit unions I have joined in person, this took the shortest amount of time to join and open CDs, in person. The first visit was less than a half hour, opening subsequent CDs took less than 10 minutes. Remarkably quick compared with several other local credit unions.

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. Village Credit Union has a low asset base.

Health Grade Components

NCUA #64308
Year Chartered1967
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD4.85%
Annual Interest Income$377.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$13.6MM$12.7MM
LoansQ2 2018vs Q2 2017$11.6MM$9.0MM
DepositsQ2 2018vs Q2 2017$11.8MM$10.9MM
Equity CapitalQ2 2018vs Q2 2017$1.8MM$1.7MM
Loan Loss AllowanceQ2 2018vs Q2 2017$188.00K$152.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$170.00K$195.00K
Real Estate OwnedQ2 2018vs Q2 2017$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.

Village Credit Union Savings Account Rates

0.25%$200-IRA Shares
0.10%$200-Regular Shares
0.10%$200-Vacation Shares
0.10%$50-Kirby Kangaroo Savings
0.10%$200-Escrow Shares
0.10%$200-CU Succeed
0.05%$50-Holiday Shares

Village Credit Union Money Market Rates

0.50%*$25k*-Money Market
OTHER TIERS: 0.30% $2.5k - $10k | 0.35% $10k - $25k

Village Credit Union CD Rates

1.20%*$5k*-24 Month CD
OTHER TIERS: 1.15% $1k - $5k
1.15%$250-24 Month Youth CD
0.90%*$5k*-12 Month CD
OTHER TIERS: 0.85% $1k - $5k
0.85%$250-12 Month Youth CD
0.45%*$5k*-6 Month CD
OTHER TIERS: 0.40% $1k - $5k
0.40%$250-6 Month Youth CD

Village Credit Union IRA Rates

1.20%$500-24 Month IRA
0.90%$500-12 Month IRA

Village Credit Union Locations
Branch Office601 E Court AveDes Moines, IA 50309

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