Financial Plus Credit Union West Des Moines, Iowa
Financial Plus Credit Union is a state-chartered credit union headquartered in West Des Moines, IA, established in 1929 (NCUA charter 62965), and it is regulated and insured by the NCUA. At Q2 2026 it reported 11,507 members and total assets of $241.7M (up 6.7% from Q2 2025), the 17th largest of 65 credit unions headquartered in Iowa. Its net worth ratio was 14.28% at Q2 2026, in the well capitalized band.
Also written as Financial Plus CU
BankRegReports is independent of Financial Plus Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- State-chartered credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 62965
- Headquarters
- West Des Moines, IA
- Established
- 1929
- Total assets, Q2 2026
- $241.7M
- Assets vs Q2 2025
- +6.7%
- Members, Q2 2026
- 11,507
- Net worth ratio, Q2 2026
- 14.28%
- Latest call report
- Q2 2026, NCUA 5300 · Financial Plus Credit Union call report
- Asset rank in state
- 17th of 65 in Iowa
- Routing number
- 273074261
- Branches
- 4
It has 277 fewer members than on June 30, 2025 (-2.4%). Its net worth ratio was up 0.24 percentage points from 14.04% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $84.4M of $166.9M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 1.03% is above the 0.68% median of the 1,338 credit unions with $100M to $1B in assets for Q2 2026. Its 14.28% net worth ratio is above that band's 11.43% median.
Credit unions merged into Financial Plus Credit Union
Edco Credit Union (2014)
Frequently asked about Financial Plus Credit Union
How big is Financial Plus Credit Union?
At Q2 2026 it reported total assets of $241.7M and 11,507 members.
Where is Financial Plus Credit Union headquartered?
It is headquartered in West Des Moines, IA, United States.
When was Financial Plus Credit Union founded?
It was established in 1929, per NCUA records.
Is Financial Plus Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 62965): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates Financial Plus Credit Union?
It is a state-chartered credit union, supervised by its state credit union regulator and by the NCUA, which insures its shares.
Is Financial Plus Credit Union well capitalized?
Its net worth ratio was 14.28% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Financial Plus Credit Union's delinquency ratio?
Its delinquency ratio was 1.03% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Financial Plus Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 80.83% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- West Des Moines, IA 50266
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1929
- NCUA Charter #
- 62965
- RSSD ID
- 273390
- Members
- 11,507
- Potential members
- 700,000
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 1,341 credit unions with $100M to $1B in assets, as of Q2 2026. It is in the top quartile on 1 of 7 ranked measures.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.81% to 13.58% | 14.28% | 11.43% | 79th top |
| Return on assets Middle half of peers: 0.43% to 1.23% | 1.22% | 0.81% | 74th above |
| Return on equity Middle half of peers: 3.87% to 9.84% | 8.55% | 7.02% | 64th above |
| Net interest margin Middle half of peers: 3.30% to 4.10% | 3.57% | 3.70% | 42nd below |
| Efficiency ratio Middle half of peers: 68.90% to 83.49% | 69.09% | 76.55% | 74th above |
| Cost of funds Middle half of peers: 0.92% to 1.56% | 0.98% | 1.24% | 70th above |
| Delinquency ratio Middle half of peers: 0.39% to 1.12% | 1.03% | 0.68% | 30th below |
| Yield on assets Middle half of peers: 4.53% to 5.37% | 4.55% | 4.92% | 26th position only |
| Loan-to-share ratio Middle half of peers: 62.05% to 86.41% | 80.83% | 75.66% | 62nd position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$241.7M total assets against $226.5M; $206.5M total shares and deposits against $194.0M; $166.9M total loans against $164.9M.
$34.5M net worth against $31.8M.
14.28% net worth ratio against 14.04%.
80.83% loan-to-share ratio against 85.00%.
1.03% delinquency ratio against 0.28%.
1.22% return on assets against 1.26%; 8.55% return on equity against 8.98%.
3.57% net interest margin against 3.55%.
11,507 members against 11,784.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 14.28% | 1.22% | 1.03% | 80.83% |
| March 31, 2026 | 14.10% | 0.85% | 0.53% | 80.92% |
| December 31, 2025 | 14.26% | 1.27% | 0.93% | 84.53% |
| September 30, 2025 | 14.27% | 1.30% | 0.40% | 86.06% |
| June 30, 2025 | 14.04% | 1.26% | 0.28% | 85.00% |
| March 31, 2025 | 13.77% | 1.17% | 0.36% | 83.37% |
Scroll sideways to see every column.
Watch flags
Loans 60+ days delinquent exceed 1% of the loan book, above the typical credit-union range. Worth watching the trend in coming quarters. BankRegReports early-warning band.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.