Iowa Credit Unions See Mid-Year Success with Loan and Share Growth
Callahan & Associates released its Quarterly Performance Summary for mid-year 2019, which compares Iowa credit unions to credit unions nationally and banking competitors. According to the June 30, 2019 summary, Iowa’s 87 credit unions continued see outstanding growth:

  • Loan growth. Reported loan growth of nearly 8.2 percent, bringing the total loan portfolio to over $17.1 billion. This outpaces the growth for all Iowa banks, U.S. banks and credit unions nationally. The fastest growth was reported in the real estate loan portfolio with first mortgage balances up 11.1 percent while other real estate balances grew by 12.8 percent, bringing the total real estate portfolio to over $9.4 billion. This year-over-year growth is up 11.1 percent from the previous June.
  • Share growth. Share growth reported a year-over-year increase of 7.3 percent bringing total share balances to $17.0 billion. The highest growth was in share certificates at 18.8 percent and share drafts at 16.0 percent growth; illustrating that credit unions are a trusted place to not only borrow from, but also safely transact and save their money.
  • Member relationship. The average member relationship is $23,271, with over $12,000 on deposit and $11,000 borrowed personally. Rising loan and share balances illustrate Iowa credit unions' proven track record of fostering strong member relationships, with the largest increase in auto loans.
  • System Data. Iowa credit unions serve 1.3 million members, reflecting a membership growth of 4.8 percent - firmly above the 3.7 percent growth reported by credit unions nationally. Year-to-date, there has been one Iowa credit union merger.

Download the full 2Q 2019 Performance Report here .
2019 Iowa Innovation Group Final Concepts Released
The Iowa Innovation Group aims to help lead the way for innovation within the Iowa credit union system. Recently, the 2019 Iowa Innovation Group teams presented their final concepts at the Iowa Credit Union Convention.

Focusing on financial education, member relations and financial well-being, these concepts were created to find solutions for credit union hurdles to improve the lives of members.

Find the 2019 final concepts here .

Do you know someone who would be a great addition to the 2020 Iowa Innovation Group? Nominate them now !
2020 Crash the GAC Applications Now Open
Applications are open for Filene's Cooperative Trust Crash the GAC program.

Crash the GAC allows young credit union professionals from across the country to attend CUNA's Governmental Affairs Conference in Washington, D.C. February 23-27, 2020 on an elevated level.

Crashers are included in general conference activities, but also participate in specialized sessions and have networking opportunities with industry leaders. Learn more and apply here .
International Credit Union Day is October 17
International Credit Union Day is right around the corner on October 17. How is your credit union planning to celebrate?

Here are some ideas : implement community impact projects, plan a celebration for members, get social with members online, host a financial education session or learn about the credit union movement's history.

However your credit union chooses to celebrate, be sure to share it on social media with the hashtags #ICUDay and #IowaCreditUnions!
CUNA Staff Salary Report for Credit Unions $50M in Assets and Less

This report contains essential information regarding job descriptions, compensation, incentives and variable pay for a variety of positions within a small credit union. This report also segments other variable data such as credit union size and location. 

The information is copyrighted by CUNA and is intended to be used only by members of ICUL.
Attend the Marketing Roundtable October 24
Is your credit union preparing for, going through or curious about how to communicate a conversion, new branch opening or improving community outreach?

Register for the October 24 Marketing Roundtable to hear from a panel of your credit union peers who have completed or are actively working through these matters now.

AMC Chief Marketing Officer Matt Oakley will facilitate the event. Panelists are as follows:
  • Heather Neuweg, Members Community Credit Union - Conversions
  • Jennifer Naeve, Ascentra Credit Union - Community Outreach
  • Michele Stiles, Veridian Credit Union - New Branch Openings

Register today .
Register for Mortgage Loan Originator (MLO) Training November 5
PolicyWorks ’ Director of Client Partnerships Jeremy Smith and Compliance Consultant Anthony Cooper will facilitate the upcoming Mortgage Loan Originator Training on November 5 in West Des Moines.

The training will be focused on the role that regulations play within the lending process and other important facets of compliance that are impacted by the role of the mortgage originator.

Small credit union discounts apply. Register today .
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