Your credit union is a federally insured cooperative financial institution, owned by its members. Unlike a bank or savings and loan association, a credit union is not for profit and dedicated only to serving its members who share a common bond. Credit union members pool their money to make their collective savings available for low cost loans to each other.

Since credit unions are nonprofit, earnings are distributed to members either in the form of better rates on savings or rebates on loans, or are invested in new or improved services for the members. Once you deposit money in the credit union, you become a member and shareholder. You can then vote for the credit union’s board of directors. Officers and directors are chosen from the membership and serve on a voluntary basis.


UNITE Credit Union was established in 1955 and provides financial services to the employees, faculty, alumni and students of the University of Northern Iowa along with employees, students, alumni and faculty of the Cedar Falls School District. In 2012 Midwest Utilities Credit Union consisting of the employees, retirees, and families of MidAmerican Energy along with the employees of Greco Financial and Nagle Signs merged with UNITE Credit Union. Our current membership exceeds 2,000.


To our members, we promise:

  • We are here to serve you and only you.
  • You are never an “account number” at the credit union, but a member or friend
  • A person will answer the phone when you call and you will not encounter long lines in our lobby
  • We will always take pride in giving you the highest quality personal service that is fast and accurate


As a member of UNITE Credit Union, all funds are Federally insured by the National Credit Union Administration to at least $250,000. If you need insurance for amounts above $250k, please contact us.

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