2024 Overview
General Credit Union Information
Iaa is an NCUA insured institution located in Bloomington, IL. It was founded in 1951 and has approximately $358.93 millions in assets.
Who can join IAA Credit Union?
IAA Credit Union membership is open to employees or members of the following organizations:
Illinois Agricultural Association® and affiliated companies
County Farm Bureaus® in Illinois
American Farm Bureau Federation and affiliated companies
You may also join if you’re an employee of any of the following Bloomington, Illinois area companies:
Ralston Purina Company®
Cargill® Incorporated
Corn Belt Energy Corporation
Farm Credit Services®
IAA Credit Union
Illinois Agricultural Association®
Country Financial (customers or agents)
GROWMARK®, Inc. (cooperative members and patrons)
Membership is also open to spouses of persons who died while within the field of membership of this credit union; persons retired from the above-referenced companies; members of the immediate families of any of the persons referenced above; and organizations of such persons who qualify.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68423 |
| Date Established | 1951 |
| Assets | $358.93 million |
| Loans | $217.48 million |
| Deposits | $308.43 million |
| Capital | $45.84 million |
Field of Membership Restrictions
Membership is open to employees or members of the Illinois Agricultural Association, American Farm Bureau Federation, Ralston Purina Company, Cargill Inc., Cornbelt Energy Corporation, Farm Credit Service, COUNTRY Financial, and GROWMARK Inc.
Deposit Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.20% | $2,500 | $4,999 |
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|
|
Money Market
|
0.25% | $2,500 | $2,999 |
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|
|
Money Market
|
0.30% | $10,000 | $14,999 |
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|
|
Money Market
|
0.45% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.45% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.85% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.82% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.92% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.90% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.01% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
1.06% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.01% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.11% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.21% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.21% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.31% | $100,000 | $199,999 |
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|
Loan Rates - April 18, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Iaa
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 2059741 |
6.987% | 6.875% | 0.50 | $3,661 | $2,103 | Learn More |
NMLS ID: 3030 |
7.350% | 7.250% | 1.00 | $3,200 | $2,183 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Iaa
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Branches
Below are Iaa branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
IAA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Iaa Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Iaa. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Iaa | U.S. Average |
|---|---|
| 2.97% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Iaa had $1,215,179 in non-current loans and $165,569 in owned assets. To cover these potential losses it had $45,839,717 in net worth and $588,279 in loans loss reserves. That gives it a Texas Ratio of 2.97%.
Net Worth
| Iaa | U.S. Average |
|---|---|
| 12.76% | 13.62% |
Iaa FCU has a net worth of 12.76% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Iaa
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