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Des Moines Fire Department Credit Union
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Des Moines Fire Department Credit Union Share
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Overview Share
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Des Moines Fire Department Credit Union is a federally insured state credit union based in Des Moines, Iowa. It has been opened since 1931, for 91 years.

With around $4,360,000 in assets, Des Moines Fire Department Credit Union is considered to be a small credit union.

About Share
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Address 1330 Mulberry
Des Moines, Iowa 50309
Phone (515) 288-2521
Fax (515) 288-4232
CEO Michael E. Williams
President of the Board Kerry Schneider
Services Offered
Score Card Share
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91 years
Years in business
Opened in 1931
Well Capitalized
Net worth classification
Source: NCUA
953 members
Membership type: State chartered natural person credit union
Below average number of members
476:1
Credit union member to staff ratio
476 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$4,357,975
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Iowa
Average number of branches
1.00%
Savings interest rate
Compared to 0.3% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Iowa
Average number of branches
Des Moines Fire Department Credit Union Branch Locations
Members Share
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953 members
Membership type: State chartered natural person credit union
Below average number of members

With 953 members, the Des Moines Fire Department Credit Union is considered to be a very small credit union. It is among the smallest credit unions and is smaller than 82% of credit unions.

Fees Share
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Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Des Moines Fire Department Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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476:1
Credit union member to staff ratio
476 per each FTE employee
Compared to 411:1 nationally
Fewer staff
2 staff members
FTE (full-time equivalent)
100% of employees are part-time
0 full-time, 4 part-time

Des Moines Fire Department Credit Union has 0 full-time staff members and 4 part-time staff members. The staff is predominantly comprised of part-time staff, at approximately 100% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Des Moines Fire Department Credit Union has around 476 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$4,357,975
Total assets
Below average
Net worth Share
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
19.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases Share
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$16,707
Average loan and lease size
Loan & lease sizes are big! They are bigger than at 85% of credit unions.

Des Moines Fire Department Credit Union holds a total of $3,040,000 in loans and leases, which is about $16,707 per member on average.

Savings interest rate Share
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1.00%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Des Moines Fire Department Credit Union pays 1.00%.

Loan rates Share
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15.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
Car loan rates Share
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3.00%
New car loan rate
Compared to 4.0% nationally
5.00%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.00%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally

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