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Being a member-owner of an Iowa credit union has many benefits. As a member, you have the opportunity to receive lower interest rates on your loans, higher returns on your investments and higher savings rates as compared to for-profit banks. Plus, you are an owner of a cooperative financial institution.
To become a credit union member, you must have a "common bond" with a certain employment group, association membership or a well-defined geographical region. IowaCreditUnions.com allows you to locate credit unions near you to help you determine your eligibility for membership. If you have additional questions about credit union membership, please contact the Iowa Credit Union League at 800-860-6180.
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