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Teamsters Local #238 Credit Union
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Teamsters Local #238 Credit Union Share
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Overview Share
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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.

About Share
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Address 5050 J. Street SW
Cedar Rapids, Iowa 52404
Phone (319) 363-8247
Fax (319) 363-9059
CEO Eric M. Sorensen
President of the Board Gregory Hearns
Services Offered
Score Card Share
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67 years
Years in business
Opened in 1955
Well Capitalized
Net worth classification
Source: NCUA
2,056 members
Membership type: State chartered natural person credit union
Below average number of members
822:1
Credit union member to staff ratio
822 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$8,631,840
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Iowa
Above average number of branches
0.12%
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
Above average number of branches
Teamsters Local #238 Credit Union Branch Locations

Teamsters Local #238 Credit Union
5050 J. Street SW
Cedar Rapids, Iowa 52404
No ATM
Teamsters Local #238 Credit Union: Quaker Oats Credit Union
3535 Center Point Road NE
Cedar Rapids, Iowa 52402
No ATM
Members Share
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2,056 members
Membership type: State chartered natural person credit union
Below average number of members

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.

Fees Share
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$39
Average fee per member
The average fee per member at the Teamsters Local #238 Credit Union is $39, which is comparable to most credit unions. This rate is lower than 58% of all credit unions.
Fees are average

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.

Staff Share
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822:1
Credit union member to staff ratio
822 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
2 staff members
FTE (full-time equivalent)
33% of employees are part-time
2 full-time, 1 part-time

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.

Assets Share
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$8,631,840
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.
10.7%
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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$7,633
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 72% of credit unions.

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.

Savings interest rate Share
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0.12%
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. Teamsters Local #238 Credit Union pays 0.12%.

Loan rates Share
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12.34%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.63%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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2.98%
New car loan rate
Compared to 4.0% nationally
5.65%
Used car loan rate
Compared to 5.2% nationally

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Teamsters Credit Union
Credit Union Branch: 9422 Ulysses Street NE Suite 140
Blaine, Minnesota 55434 No ATM
Teamsters Local #238 Credit Union: Quaker Oats Credit Union
Credit Union Branch: 3535 Center Point Road NE
Cedar Rapids, Iowa 52402 No ATM
Service Credit Union Routing Number
Resource: Service Credit Union Routing Number Service Credit Union is a credit union based in Portsmouth, New Hampshire. Service Credit Union’s US routing number is 211489656.
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Teamsters Local #238 Credit Union
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