Business Details
50+ Years
experience
Your Trusted Credit Union for Loans and Savings in Humboldt, IA
Power Co-op Employees Credit Union Co-op Employees Credit Union was founded in 1956 by employees of Corn Belt Power Co-op Employees Credit Union Co-op Employees Credit Union Cooperative. Starting with 29 members and $356 in assets, we have grown to serve over 2,700 members with $73.7 million in assets. As a member-owned credit union, we prioritize community-focused financial solutions, offering competitive rates on home, auto, and business loans while maintaining a commitment to transparency and member benefits. Our services include savings and checking accounts, student loans, wire transfers, and mobile banking, all backed by personalized support. Federally insured by the National Credit Union Share Insurance Fund (NCUA), we ensure members' savings are protected up to $250,000.Our team emphasizes financial education through programs like Kirby Kangaroo Club and CU Succeed, fostering lifelong money management skills. With flexible membership eligibility extending to employees of partner organizations and their families, we remain dedicated to empowering financial stability for generations. Our locally managed operations reflect deep understanding of Humboldt, Iowa's economic landscape, ensuring tailored solutions for individuals and businesses alike.
Services
Home Loans
Auto Loans
Business Loans
Savings Accounts
Checking Accounts
Student Loans
Wire Transfers
Mobile Banking
Details
- Year established: 1956
Highlights and features
- We offer 68 years of localized financial expertise since 1956
- Our member-owned structure ensures competitive rates and personalized service
- Federally insured savings up to $250,000 through NCUA protection
- Specialized youth financial education programs for long-term stability
- Flexible membership eligibility for Corn Belt Power Co-op Employees Credit Union Co-op Employees Credit Union employees and local businesses
Associations and certifications
- National Credit Union Share Insurance Fund (NCUA)
Services
Home Loans
We provide competitive home purchase and refinance loans with personalized guidance. Our mortgage specialists help members achieve homeownership goals through flexible terms and low rates. As a credit union, we offer exclusive benefits like reduced closing costs and member-centric underwriting.
Auto Loans
Our auto financing options cover new and used vehicle purchases with favorable rates. Members enjoy streamlined approval processes and terms tailored to credit profiles. We support both dealership financing and private party transactions with transparent fee structures.
Savings Accounts
We offer dividend-paying savings accounts with no monthly fees. Features include Christmas Club accounts for holiday savings, youth programs, and competitive APYs. Minimum $5 balance maintains membership status with full NCUA insurance coverage.
Checking Accounts
Our free checking accounts provide unlimited check writing and VISA debit card access. Overdraft protection options and mobile banking tools help manage daily finances. No minimum balance requirements maintain accessibility for all members.
Student Loans
We offer specialized student loan programs with competitive rates for higher education expenses. Our advisors help members navigate financing options while emphasizing financial literacy. Loan terms consider academic timelines and future earning potential.
Questions
Who is eligible to join Power Co-op Employees Credit Union Co-op Employees Credit Union Co-op Employees Credit Union?
Eligibility includes employees of Corn Belt Power Co-op Employees Credit Union Co-op Employees Credit Union Cooperative, its distribution cooperatives, and their families. Local Humboldt businesses and their employees also qualify for membership.
What loan products do you offer?
We provide home loans, auto loans, business loans, and student loans with competitive rates. Our online application process simplifies approval for real estate, vehicles, and educational expenses.
Are my deposits insured?
Yes, all accounts are federally insured up to $250,000 by the National Credit Union Share Insurance Fund (NCUA), a U.S. government agency.
Do you offer financial education programs for youth?
We provide Kirby Kangaroo Club for children and CU Succeed for teens, featuring educational materials, savings incentives, and birthday rewards to develop financial literacy.
What security measures protect my accounts?
We employ multi-factor authentication, transaction monitoring, and immediate fraud alert systems. Members receive proactive scam prevention guidance and card security protocols.
