Support Iowa Credit Unions

Stand With Us, Lend Your Voice and Make a Difference

As not-for-profit financial cooperatives, credit unions direct earnings back to their members and community. Since credit unions are owned by their members, it is important that all members know about pending legislation and actions that could affect them. Because we are stronger together, we may ask you to lend your voice on important issues that could impact your financial life.


The Iowa Credit Union League will let you know about any legislation that impacts you and your credit union. You’ll be able to:

  • Learn when relevant legislation is introduced.
  • Take action when the cooperative credit union model is under attack.
  • Communicate with your representatives about the importance of your credit union.
  • Fight for your and future generations rights to bank with a not-for-profit member owned institution.


Join the Iowa Credit Union League Advocacy List.




Need a little more convincing? We’re happy to talk and about our love for credit unions and why you should love them too. Take a look at our advocacy FAQ below; if you’ve still got questions feel free to reach out to us or stop by any branch location to learn more.



Why should I be a credit union advocate?

Every time a credit union system has been established those organizing the system have had to fight to establish it. Credit unions are disruptive to the financial industry (in a good way!) and advocacy today is the continuation of that fight to disrupt the industry in favor of our members and the communities we serve.

You should be an advocate for credit unions because you will benefit from them; either as a member through better rates on loans and deposits and great service or as a non-member in a community with more banking choices and competition.




What makes credit unions different?

Credit unions are not-for-profit, member-owned, cooperative financial institutions that provide a wide array of everyday financial services to their members including: savings accounts, checking accounts, debit cards, credit cards, home loans, auto loans, personal loans and much more.

Credit Union’s not-for-profit status means any excess revenue is returned to members by offering better terms on loan and deposit accounts and by offering enhanced services at little to no extra cost.





How do credit unions benefit everyone in their communities?

Competition enhances marketplaces. Many of us are familiar with an industry or two that would benefit from real competition. The problem is that in most cases, to compete with an 800lb gorilla, you also need to be an 800lb gorilla. Credit unions are uniquely able to improve the financial wellbeing of everyone in their communities by competing with big banks and forcing them to offer better products and services.

As not-for-profit financial cooperatives we don’t focus on increasing earnings for stockholders. We focus on returning revenue to every member though better rates and better service. Iowa Credit Unions saved Iowans $100 million last year and UICCU’s contribution to that total was $45,500,000.




Do credit unions pay taxes?

Credit unions pay millions of dollars in property taxes, sales taxes, and employment taxes every year. Credit unions do not pay income tax because, as not-for-profit financial cooperatives, excess revenue (“income”) is reinvested back into our institution for the benefit of our members in the form of dividends on deposits, better rates for loans, and enhanced services.

Banks and credit unions are taxed different because of their ownership structure. This is similar to rural electric coops, who are taxed differently than investor owned utilities.




Where can I learn more?

The Iowa Credit Union League has put together a credit union advocacy portal where you can learn more about credit unions and the issues that affect them.



Ready to sign up and be informed when legislation is in the works that might negatively affect your ability to choose a credit union as your banking option?


Join the Iowa Credit Union League Advocacy List.