Sep, 30, 2025 — SERVE CREDIT UNION is a federally insured state chartered credit union headquartered in DES MOINES, IA with 2 branch locations and about $97.80 million in total assets. Opened 94 years ago in 1932, SERVE CREDIT UNION has about 5,005 members and employs 17 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SERVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 423 E Court Ave DES MOINES, IA 50309-2010 |
| Phone: | (515) 243-2677 |
| Fax: | (515) 243-1143 |
| Website: | https://www.servecu.org |
| Branches: | 2 branch locations |
| Members: | 5,005 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 65150 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1932 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $97,804,172 |
| CEO/Manager: | Jami Weems |
| Chairperson: | David M Ness |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 12,284,082 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 39,040,249 |
| Unsecured Loans | 5,301,324 |
| Other Loans | 29,612,886 |
| TOTAL LOANS | 74,041,527 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -675,940 |
| Land And Building | 1,185,742 |
| Other Fixed Assets | 436,961 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 773,672 |
| All Other Assets | 0 |
| TOTAL ASSETS | 97,804,172 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 708,904 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 13,725,374 |
| Regular shares | 27,897,838 |
| All Other Shares & Deposits | 38,184,540 |
| TOTAL SHARES & DEPOSITS | 79,807,752 |
| TOTAL LIABILITIES | 80,516,656 |
| Regular Reserve | 0 |
| Other Reserves | 5,566,448 |
| Undivided Earnings | 11,721,068 |
| TOTAL EQUITY | 17,287,516 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 97,804,172 |
| INCOME & EXPENSE | |
| Loan Income | 3,302,856 |
| Investment Income | 601,378 |
| Other Income | 161,531 |
| Total Employee Compensation & Benefits | 1,182,065 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,303,703 |
| Non-operating Income & (Expense) | 52,098 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 211,000 |
| Cost of Funds | 915,170 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,081,599 |
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