Teamsters Local #238 Credit Union is a federally insured state credit union based in Cedar Rapids, Iowa. It has been opened since 1955, for 67 years.
With around $8,630,000 in assets, Teamsters Local #238 Credit Union is considered to be a medium size credit union.
|Address|| 5050 J. Street SW |
Cedar Rapids, Iowa 52404
|CEO||Eric M. Sorensen|
|President of the Board||Gregory Hearns|
|Services Offered|| |
With 2,056 members, the Teamsters Local #238 Credit Union is considered to be a small credit union. It is smaller than 64% of credit unions.
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 Teamsters Local #238 Credit Union. Some credit unions tend to charge more fees, while others charge less.
Teamsters Local #238 Credit Union has 2 full-time staff members and 1 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 67% of the workforce.
The number of members relative to staff members is an indication of how well staffed the credit union is. Teamsters Local #238 Credit Union has around 822 members per staff, a high ratio compared to other credit unions.
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.
Teamsters Local #238 Credit Union holds a total of $3,430,000 in loans and leases, which is about $7,633 per member on average.
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. Teamsters Local #238 Credit Union pays 0.12%.