Tax Reform

We would like to say "Thank You" to those of you who contacted legislators to advocate on our behalf. It made a difference! Below is a recent press release with the details:

After months of attack from the banking industry, Iowa credit unions applaud Governor Kim Reynolds and the Iowa Legislature for coming to an agreement on a tax reform package that helps Iowans keep more of their hard-earned money and recognizes financial choice is needed in the marketplace.

“The voice of the people was heard, and consumer choice wins over dollars in the pockets of bank shareholders. Iowa’s 1.1 million credit union members, along with all Iowa consumers, can continue to benefit from choice and competition,” said Patrick Jury, President and CEO of the Iowa Credit Union League (ICUL). “Amid continued consumer abuse by banks, this choice is needed more than ever. All consumers benefit from the competition that keeps rates and fees in check.”

Iowans made their voices heard throughout the legislative session, sending more than 40,000 emails and 2,500 handwritten letters to legislators in support of the cooperative credit union structure. In addition, nearly 800 credit union members visited the Capitol in March to rally for their financial choice.

“We are glad to finally put this issue to bed. The Governor and legislature confirmed that the cooperative credit union choice is needed and puts money in the pockets of members and the communities in which they serve,” said Brent Helin, ICUL Board Chair and CEO of Des Moines Metro Credit Union. “Our industry remained united throughout the bank attacks and we look forward to being able to direct full attention to our mission of improving the financial lives of Iowans.”

As not-for-profit financial cooperatives, Iowa credit union save members $100 million annually in better rates and fewer fees than what they would have paid for similar services at a bank. Iowa credit unions also pay millions in taxes each year, and an increase in taxes on credit unions would be an increase in taxes on their member-owners.

 “It is time the banking industry focuses on serving their customers instead of wasting time, money and resources attacking credit unions,” said Jury. “This money and attention would be better spent helping consumers.” 

For more information about why credit unions and banks are taxed differently, visit


Have you seen the commercial with the girl out on the town with her friends and she noticed she doesn't have her debit/credit card in her possession and just like that everything stopped around her long enough that she was able to track down where she used it last? Here at N.W. Iowa Credit Union we offer a service like this FREE for our members! It's called CardValet. When you download this app to your phone you will get instant alerts when your card is used. With this app you can protect your account against fraud, customize alerts for transactions, track spending and so much more! Find this app and your Play Store on your phone and download today!


Please let us know if you have a change of address. Just a reminder you will be charged $3.75 if we have to forward mail to you. Thank You. 


Although today's technology is highly reliable, it isn't 100%. Many of you rely solely on your debit card for your payment needs but there are those rare occasions when they don't work. That can be frustrating and even embarrassing. We highly recommend you consider carrying an emergency back-up should that occur. Storing a check blank in your wallet or having a credit card can head off that problem. If you never use checks we can provide you with one with your account number coded on it, free of charge. Just stop in and ask one of our CSRs.

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