Metco Credit Union

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A short history of Metco CU

Since its inception in 1957 the Metco Credit Union has been serving its members in the Cedar Rapids, Iowa area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Brad Mertens, the Metco CU has grown its membership to over 3,017 with assets of more than $31,877,554. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (319) 398-5007 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Cedar Rapids, IA.

General Information For Metco CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 60013
Address 115 8th Ave SW 
City Cedar Rapids 
State Iowa 
Zip-Code 52404
Phone Number (319) 398-5007
Fax Number (319) 398-5234
Email Address:
CEO/President Brad Mertens
Members 3,017 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 31,877,554 

Compare Metco Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Teamsters Local #238 CU Teamsters Local #238 Credit Union 5050 J St SW 52404 (319) 363-8247 No 2.37
St. Ludmila S CU St. Ludmila Credit Union 211 21st Ave SW 52404 (319) 362-7282 No 3.77
First CU Hiawatha ATM 1035 N Center Point Rd 52233 24673 No 4.58
Quaker Oats CU QUAKER OATS CREDIT UNION 3535 CENTER POINT RD NE 52402 (319) 395-7060 No 7.38
Collins Community CU Wiley Blvd Branch 3160 Wiley Blvd SW 52410 (319) 393-9000 No 8.01

Metco Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Metco Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate N/A 3.34 3.99 4.00 5.00
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions N/A 185 202 138 229
Rank Among All Iowa Credit Unions N/A 29 21 20 30

Metco Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.10 0.25 0.50 0.80
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 129 105 263 184
Rank Among All Iowa Credit Unions N/A 24 21 34 20
Metco Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 0.00000
All Other Unsecured Loans/Lines of Credit 10.4902871,080,813
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 3.340681,308,032
Used Vehicle Loans 3.9905235,445,479
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.000916,107,367
Total Other Real Estate Loans/Lines of Credit 5.0002597,045,507
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.49034204,464
TOTAL LOANS & LEASES 1,26221,191,662

Metco Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 6680,23200
    b. 15 Years or less 181,165,492180,000
    a. > 15 years 14636,762290,168
    b. 15 Years or less 402,860,5414310,010
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 5167,837361,119
Adjustable Rate > 1 yr 8596,50300


Closed-End Fixed Rate 1434,234,80218635,027
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1162,810,7057302,479
Open-End Fixed Rate 0000
TOTALS 35013,152,874351,478,803


Interest Only & Payment Option 1st Mortgage Loans 11698,971121,401
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Metco Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes