TEAMSTERS LOCAL #238 Credit Union Profile

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TEAMSTERS LOCAL #238

Charter #65606 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (319) 363-8247

Fax: (319) 363-9059

Founding Date: N/A

Website: http://www.teamsterslocal238cu.org

Personnel & Operations

President: Hearns, Gregory

Manager: Sorensen, Eric

FT Employees: 2

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 1

Hours: 9am to 5pm

Credit Union Profile Summary

TEAMSTERS LOCAL #238 is a FISCU Credit Union. With a total of 1,743 members [1], this institution manages approximately $7,590,844 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 6.48% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -5.30% [1].

Financial Snapshot

Total Assets [1]
$7,590,844

Total economic resources.

Total Loans [1]
$3,216,767

Total value of outstanding loans.

Total Deposits [1]
$7,032,462

Total funds deposited by members.

Members [1]
1,743

Number of active members.

Performance Ratios

Net Worth Ratio [1]
6.48%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.19%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
45.74%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -10.60%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -5.30%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -0.51%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

5050 J St SW

Cedar Rapids, IA, 52404
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 1 branches reported by TEAMSTERS LOCAL #238 (Charter #65606).

Main Office

Teamsters Local #238 Credit Union Main Office

Type: Corporate Office

5050 J St SW

Cedar Rapids, IA 52404

Phone: (319) 363-8247

Services: Member Services, Drive-Thru

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