Be sure to visit our Rates page to see if you could be earning more with us!



What We Offer

Savings Accounts

Village Credit Union offers a variety of savings programs.

Share Accounts – At a credit union, a savings account is called a Share Account. A $10.00 deposit in to a Share Account buys you one share of the credit union, making you an equal member-owner. This $10.00 deposit must remain in your account in order to use our products and services.

As a member-owner, you are entitled to take advantage of your credit union’s many products and services. All share accounts are insured by the National Credit Union Administration (NCUA), an agency of the U.S. Government, up to $250,000.

Money Market Accounts– Members who want the flexibility and soundness of a savings account, with the added advantage of higher earnings should deposit their savings in a Money Market Account. The Money Market Account provides an extremely sound investment with no possible principal loss.

Dividends earned are based on a three tier method, so the more you save the more you earn. A minimum balance of $2500.00 is required to open an account.

You can withdraw or transfer money to another account up to three time per month or receive as many as three checks per month. If you make more than three withdrawals in a month there is a $10.00 excessive withdrawal fee. Minimum withdrawal amount is $100. There is no limit on deposits.

Holiday Share Accounts – Saving throughout the year with a Holiday Share Account not only enables you to earn dividends on your money, it also provides built-in funds to cover expenses of the holiday season. Dividends are credited annually for this account. No minimum deposit is required. Deposits can be made by payroll allotment, in person, or by mail.

Individual Development Accounts (IDAs) – Village Credit Union partners with the Iowa Credit Union Foundation to offer Individual Development Accounts (or IDAs) to our members.

IDAs supplement the savings of households with matching funds drawn from a variety of private and public sources. Qualifying individuals can have savings matched up to $2,000, while qualifying families’ savings can be matched up to $4,000. Parental income may not be included in qualification purposes for college students as long as the student has earned income of their own.

For more information, or to find out if you qualify, please contact us.



Certificates of Deposit (CDs) – With just $1,000 you can open a 6, 12 or 24 month CD paying higher dividend rates than basic savings, or enjoy higher rates when you invest $5,000 or more. With no risk to your principal amount, and high-paying dividends , CDs are a wise investment solution.

Individual Retirement Accounts – Opening an IRA can provide you with financial security during retirement. For many IRA owners, contributions are tax-deductible and all earnings are tax deferred. Contribution limitations are determined by the federal government. ROTH and Education IRAs are also available at Village Credit Union.

If you have questions about IRAs, stop by our office or email us to learn more.


Take Up To .50% Off Your Loan Rate!

Members who carry a Village Credit Union credit card and have a Village Credit Union checking account receive a .50% loan reduction on many types of loans!*


Having a checking account (also referred to as a “Share Draft” account) with Village is exactly what you would expect from a credit union. There are no minimum opening requirements, and no minimum balance requirements when you sign-up for direct deposit. Plus, your checking account may be complemented with the following services:

Stop in to open your checking account today!

$50 opening desposit required without direct deposit. Debit card subject to qualified credit. Free when you “swipe-and-sign” at merchant locations, not when used in conjunction with Personal Identification Number (PIN). *Does not include home equity or mortgage loans, or MasterCard credit card, and only available on new loans. Other restrictions may apply.


Card Services

ATM Card – Use this card at any ATM to make cash withdrawals, or to make purchases at any merchant locating using your four-digit PIN. We also offer a drive-thru Privileged Status ATM on the south side of our building where you can withdraw cash and make deposits.

Debit Card -When you use your MasterMoney Debit Card funds are withdrawn directly from your checking account. This card provides you with instant account access whenever and wherever you need it.

  • Withdraw or deposit funds at an ATM (including the drive-thru ATM located on the south end of our building), and locate Privileged Status ATMs for surcharge-free transactions
  • Check account balances
  • Access to your accounts 24-hour a day, 7-days a week
  • Make up to 10 PIN transactions (ATM withdrawals or PIN-based purchases) in a month at no charge. Additional withdrawals are $1.00 each.
  • Make free and unlimited signature-based purchases at any merchant displaying the MasterCard symbol.

Credit Cards – Village offers a MasterCard and a MasterCard Gold card. The card you receive is based on your credit history and your needs. Both cards feature:

Take Up To .50% Off Your Loan Rate!

Members who carry a Village Credit Union credit card and have a Village Credit Union checking account receive a .50% loan reduction on many types of loans!*

  • No annual fee
  • 12.9% APY
  • 25 day grace period
  • Interest is only paid on the outstanding daily unpaid balance of your MasterCard charges.
  • View your account balance, transactions, pending charges and make payments all securely online via MyCardInfo.

Apply for our MasterCard conveniently and securely online. Approvals are decided within 3 business days, and cards are received within 10-14 business days.

Annual percentage rate for purchases.
Variable rate information
Other APRs Grace period
for repayment of the balance for
Method of
the balance for purchases
Minimum Finance Charge Transaction Fee for Purchases
12.9% Cash advance
APR: 12.9%

Balance tfr.

APR: 12.9%
You have 25 days to repay your balance (for purchases) before a finance charge on purchases will be imposed. Average daily balance method. 0.5 None

Transaction fee for cash advances: $5.00 • Balance Transfer Fee: $5.00 • Over-the-limit Fee: $15.00 • Late Payment Fee: $15.00. The information about the cost of the card described in this application is accurate as of 12-1-05. This information may have changed after that date. To find out what may have changed, please contact us.


Take up to .50% APR* off your loan rate!

Members who carry a Village Credit Union credit card and have a Village Credit Union checking account receive a .50% loan reduction on many types of loans!*


Village Credit Union makes loans to its members for almost any purpose, and for almost any amount. Plus, your loan will be processed quickly and confidentially. Apply for a loan securely online!

Compare Village Credit Union’s loans to other financial institutions and you’ll often find that the credit union is indeed operated with YOU in mind.

First Mortgage loans
– Village Credit Union offers a variety of loan types and terms:

  • 30 Year Fixed mortgage
  • ARMs (Adjustable Rate Mortgage)
  • USDA
  • Second Homes
  • Jumbo Loans
  • 1 – 4 Unit Investment Properties
  • Modular Home Loans
  • ITIN (for members who are not eligible for a Social Security Number)

Our members know we’re not just about great mortgage rates, we’re also about great mortgage service!

We have the same great rates and financing options you can get at most large financial institutions, with that personalized Village Credit Union service they can’t begin to offer. At Village Credit Union, you can expect:

  • Convenient mortgage appointments
  • 48-hour loan approvals
  • 50-day rate lock-ins upon approval
  • 24-hour underwriting turnaround
  • Phone calls returned within 24 hours

Photo of Sonia Lopez

You can apply securely online now and Sonia Lopez, our Mortgage Loan Originator, will reply shortly, or simply email Sonia at mortgage@villagecu.org for more information, or call her at (915) 256-1675. You can also complete a mortgage app. short form if you simply want to receive a customized mortgage quote.

  • Tired of renting?  You may be surprised to learn that a monthly mortgage payment is often times less than the cost of renting!  Learn more…
  • Want to lower your mortgage payment or pay off your home sooner? We’ve helped others do it – see if we can do it for you too!

Home Equity loans – Our Home Equity Line-of-Credit program allows you to utilize the equity in  in your home to meet your financial needs. After an initial application process and small setup fee, you can take additional advances with the ease of just a phone call or email with no additional fees to pay.

In addition to the low interest rate and ease of application, members also may be able to take advantage of the tax benefits of this type of program. Please consult your tax consultant to determine the advantages that you may be eligible to receive.

New and Used Vehicle loans – We will finance just about any titled vehicle with our new and used vehicle rates, including motorcycles, boats and RVs! However, if you need a longer term, just ask us what we can do for you!

We also offer competitive pricing on GAP and Mechanical Breakdown coverage. Ask us about them when you finance your next vehicle, or you may even be able to add them to an existing loan.

Bill consolidation loans – Why continue paying multiple bills from multiple lenders? Consolidate everything with us, and you’ll enjoy one monthly payment will save you money in interest, and often times shorten the length of your term.

We also offer:

  • Revolving credit loans
  • Small, personal needs loans

Need a loan you don’t see? Ask us about it.


Online Services

Online Banking – FREE “Virtual Branch” Online Banking is offered to all members of Village Credit Union, and you can begin using it as soon as you become a member — no waiting period required!

  • View your balances
  • Transfer funds
  • Have a check issued to you
  • Access up to 23 months of account history
  • Setup various eAlerts to alert you when your balance reaches a certain point, a specific check number has cleared, and more
  • Transactions completed in Online Banking will be real-time and reflected on your accounts immediately
  • Create a Logon ID name (such as “Smith Account”) rather than entering your member number
  • Give your accounts a name (such as “Vacation Savings”) so they’re easier to organize and manage
  • Schedule future transfers and payments to be made automatically
  • Send and receive secure messages with Village CU staff

When using Online Banking, you can also rest assured that your account information is protected by Muli-Factor Authentication technology, so go sign-in to Virtual Branch today!

Electronic Statements – Also known as “eStatements,” are the fastest, most secure way to receive your account statements, and the service is FREE. You will receive an e-mail reminder that your statement is ready to be viewed. The email will direct you to a secure website where you can login with your username and password to view account statements.

Benefits of eStatements:
1) Receive your statement days sooner
2) There’s no need to store paper copies
3) It’s much safer than receiving a paper copy
4) It could save the credit union as much as $600/month, enabling us to offer you new products and services!

Login to Online Banking
& sign-up for our FREE eStatements service today!


Discount Insurance & Investment Products

Village Credit Union members have access to group pricing on insurance products, and have access to a variety of investment products through CUNA Mutual.

Click on any product below to learn more:

Click here to speak with a CUNA Mutual Representative.


Good Resources

Privileged Status ATMs – The Privileged Status network was developed to provide members with surcharge-free ATMs to use throughout Iowa and out-of-state. To located a surcharge-free ATM, simply look for the Privileged Status logo, or search by city and state to find the surcharge-free ATM nearest you.

FREE Credit Report – As a result of the FTC’s final ruling under the Fair and Accurate Credit Transactions Act, all consumers are entitled to a free credit report from the three major credit reporting agencies every year. You can order all three credit reports at one time, or at different times throughout the year, which is what we recommend.

Please note, your FREE credit report will not include your credit score.

Order your FREE credit reports at http://www.annualcreditreport.com.

FREE Budgeting Worksheet – Get yourself started on the right foot by downloading a copy of our FREE Budgeting Worksheet. Write down your expenditures, and then create a budget based on the 10/10/80 Rule:

  • Save 10% of your net income
  • Give 10% of your net income
  • Spend 80% of your net income.

Read our article, How to Live On a Budget…and Still Have a Life! for more tips for creating a successful budget!

Village CU College Scholarships – Village Credit Union offers two $500 college scholarships each year to members graduating from high school. Applicants must be a member of Village Credit Union, and their account must be in good standing. Applications are generally posted on the website and Facebook page in the spring. Funds are disbursed directly to the member before the start of new fall semester. If you have questions, please contact us.


Latest News & Closings

  • August 30, 2019Planned Merger of Village CU with Collins Community CU. >>Click here to learn more.
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Village Credit Union
601 E. Court Avenue
Des Moines, IA 50309
(515) 243-4400
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Federally Insured to at least $250,000 by the NCUA. Equal Housing Opportunity.