Iowa Corporate Central Credit Union
Non-profit, member owned, cooperative financial institution.
Iowa Corporate Central Credit Union
Iowa Corporate Central Credit Union was a corporate credit union that operated in Iowa. Corporate credit unions primarily serve natural person credit unions, providing essential services such as investments, credit, and financial settlements.
Overview
Corporate credit unions are often described as "the credit union's credit union" because they offer critical financial services to other credit unions. Iowa Corporate Central Credit Union played this role for many Iowa-based credit unions, offering necessary financial services and supporting their operations.
History
Iowa Corporate Central Credit Union was part of a network of corporate credit unions in the United States, which faced significant challenges during the financial crisis of 2008-2009. This period led to major restructuring in the corporate credit union system.
Liquidation
Iowa Corporate Central Credit Union was liquidated in 2015 as part of broader efforts to stabilize and restructure the corporate credit union system following significant financial difficulties. The liquidation was part of a larger industry restructuring that involved mergers, recapitalizations, or liquidations of corporate credit unions across the United States.
Role in the Credit Union System
Prior to its dissolution, Iowa Corporate Central Credit Union supported Iowa's credit unions by providing liquidity and investment services. The corporate credit union system is essential for the stability and operational efficiency of many smaller credit unions, allowing them to manage financial resources effectively.
Aftermath and Industry Response
The liquidation of Iowa Corporate Central Credit Union and similar corporate credit unions highlighted the need for robust financial support systems within the credit union industry. The National Credit Union Administration (NCUA) played a critical role in managing the challenges faced by these corporate entities, including the implementation of stabilization programs and asset recovery efforts.
Currently, there is no detailed information available about the specific history or operations of Iowa Corporate Central Credit Union beyond its liquidation. The broader context of corporate credit unions and their roles in supporting the financial operations of natural person credit unions remains an essential part of the U.S. financial landscape.
Edit WikiICO
420787338
Web
aecreditunion.com
Address
Des Moines
Data & Similar organisations
Together, we can make a real impact in communities around the world. Help us bring hope and support.
More from Des Moines
American Federation of Labor & Congress of Industrial Orgs
Our unions provide the best training & highest standards for workers in the construction industry.
American Federation of Labor & Congress of Industrial Orgs
The Iowa Federation of Labor, AFL-CIO is the state federation of labor representing 50,000+ members.
Join us and make a difference for the future!
Eduo.org is my go-to platform for discovering nonprofit organizations that actually make a difference. The rankings, filters, and country-specific lists make it so easy to explore causes I care about. Brilliant initiative!
Brooklyn Simmons
Product Manager
As a teacher, I use Eduo in class to show students how civic engagement works. It’s inspiring and educational. Highly recommend for schools and community groups.
Kendall Monroe
Product Manager
As a teacher, I use Eduo in class to show students how civic engagement works. It’s inspiring and educational. Highly recommend for schools and community groups.
Madison Carter
Product Manager
I stumbled on Eduo by accident and ended up spending hours learning about different charities across the world. It’s like a global map of goodness
Riley Bennett
Product Manager
Like Wikipedia for nonprofits — but even more inspiring.
Sydney Parker
Product Manager
As a volunteer, I love how Eduo.org empowers people to contribute locally. It feels like Wikipedia for good deeds — written by the people, for the people.
Jordan Blake
Product Manager
Finally, a clear and organized way to explore local and global charities.
Brooklyn Simmons
Product Manager
The idea behind Eduo is genius — let the community build and improve profiles of nonprofit organizations worldwide. It creates trust and motivates engagement.
Kendall Monroe
Product Manager
Sign Up
Please fill in your information. Everything is free, we might contact you with updates (but cancel any time!)
Sign in with Google