Sep, 30, 2025 — GREATER IOWA CREDIT UNION is a federally insured state chartered credit union headquartered in AMES, IA with 9 branch locations and about $675.44 million in total assets. Opened 94 years ago in 1932, GREATER IOWA CREDIT UNION has about 38,530 members and employs 142 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | GREATER IOWA CREDIT UNION |
|---|---|
| Address: (Main Office) | 1509 Baltimore Dr AMES, IA 50010 |
| Phone: | (800) 296-9064 |
| Fax: | |
| Website: | https://www.gicu.org |
| Branches: | 9 branch locations |
| Members: | 38,530 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64203 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $675,440,122 |
| CEO/Manager: | Scott Zahnle |
| Chairperson: | Robert J Bowers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 33,761,221 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,120,501 |
| Real Estate Loans | 249,110,932 |
| Unsecured Loans | 29,136,189 |
| Other Loans | 287,969,955 |
| TOTAL LOANS | 566,217,076 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,089,852 |
| Land And Building | 19,157,005 |
| Other Fixed Assets | 2,336,946 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,376,429 |
| All Other Assets | 78,300 |
| TOTAL ASSETS | 675,440,122 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 10,000,000 |
| Accounts Payable & Other Liabilities | 8,029,351 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,500,000 |
| Share Drafts | 165,479,638 |
| Regular shares | 180,713,594 |
| All Other Shares & Deposits | 247,636,407 |
| TOTAL SHARES & DEPOSITS | 593,829,641 |
| TOTAL LIABILITIES | 615,358,992 |
| Regular Reserve | 0 |
| Other Reserves | 23,248,167 |
| Undivided Earnings | 36,832,963 |
| TOTAL EQUITY | 60,081,130 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 675,440,122 |
| INCOME & EXPENSE | |
| Loan Income | 26,559,323 |
| Investment Income | 2,277,013 |
| Other Income | 1,883,797 |
| Total Employee Compensation & Benefits | 10,845,360 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 10,968,218 |
| Non-operating Income & (Expense) | -59,719 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,251,550 |
| Cost of Funds | 7,079,350 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,596,608 |
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