100th Anniversary of Credit Unions in Iowa

In 2025, the Iowa credit union movement celebrates a significant milestone – 100 years of serving Iowans and helping them improve their financial lives.

In 1925, Governor John Hammill signed the Iowa Credit Union Act into law, creating the industry that we are honored to be part of today. From humble beginnings a century ago with a single credit union, the movement has grown into a powerful force, empowering millions of Iowans with reliable financial services.

Throughout this journey, Iowa credit unions have remained steadfast in the commitment to "people helping people," offering affordable products, personalized service, and unwavering support to members.

"For 100 years, Iowa credit unions have put our members first, fostering financial well-being and strengthening our communities,” said Murray Williams, President and CEO of the Iowa Credit Union League. “Built in the cooperative spirit, this century of service throughout the state of Iowa is a testament to the enduring power of people helping people."

As we look forward to the next century, Iowa credit unions are poised to continue this legacy. Today, Iowa’s 67 credit unions provide a $2.7 billion economic impact to Iowa annually through direct, indirect and induced economic output. The industry employs 4,825 Iowans directly, and supports an average of 10,000 jobs per year. Iowa credit unions also account for nearly two thirds of the car loans and one third of the home loans made in our state.