Teamsters Local 238 Credit Union Cedar Rapids, Iowa
Teamsters Local 238 Credit Union is a state-chartered credit union headquartered in Cedar Rapids, IA, established in 1955 (NCUA charter 65606), and it is regulated and insured by the NCUA. At Q2 2026 it reported 1,720 members and total assets of $7.6M (little changed from Q2 2025), the 53rd largest of 65 credit unions headquartered in Iowa. Its net worth ratio was 5.87% at Q2 2026, in the undercapitalized band.
Also written as Teamsters Local 238 CU
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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
- 65606
- Headquarters
- Cedar Rapids, IA
- Established
- 1955
- Total assets, Q2 2026
- $7.6M
- Assets vs Q2 2025
- 0.0%
- Members, Q2 2026
- 1,720
- Net worth ratio, Q2 2026
- 5.87%
- Latest call report
- Q2 2026, NCUA 5300 · Teamsters Local 238 Credit Union call report
- Asset rank in state
- 53rd of 65 in Iowa
- Routing number
- 273973210
- Branches
- 1
It has 23 fewer members than on June 30, 2025 (-1.3%). Its net worth ratio was down 0.61 percentage points from 6.48% on June 30, 2025. Used vehicle loans are its largest loan category, $2.2M of $3.1M in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 3.04% is above the 0.86% median of the 2,162 credit unions with under $100M in assets for Q2 2026. Its 5.87% net worth ratio is below that band's 14.31% median.
Credit unions similar in size in Iowa
Frequently asked about Teamsters Local 238 Credit Union
How big is Teamsters Local 238 Credit Union?
At Q2 2026 it reported total assets of $7.6M and 1,720 members.
Where is Teamsters Local 238 Credit Union headquartered?
It is headquartered in Cedar Rapids, IA, United States.
When was Teamsters Local 238 Credit Union founded?
It was established in 1955, per NCUA records.
Is Teamsters Local 238 Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 65606): 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 Teamsters Local 238 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 Teamsters Local 238 Credit Union well capitalized?
Its net worth ratio was 5.87% at Q2 2026, in the undercapitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is Teamsters Local 238 Credit Union's delinquency ratio?
Its delinquency ratio was 3.04% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is Teamsters Local 238 Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 44.19% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Cedar Rapids, IA 52404
- Charter Type
- State-chartered credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1955
- NCUA Charter #
- 65606
- RSSD ID
- 776592
- Members
- 1,720
- Potential members
- 6,100
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 2,479 credit unions with under $100M in assets, as of Q2 2026. It is in the top quartile on 2 of 7 ranked measures and in the bottom quartile on 5.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 11.14% to 19.38% | 5.87% | 14.31% | under 10th bottom |
| Return on assets Middle half of peers: 0.16% to 1.30% | -0.62% | 0.72% | 11th bottom |
| Return on equity Middle half of peers: 1.04% to 8.69% | -10.59% | 4.74% | under 10th bottom |
| Net interest margin Middle half of peers: 3.31% to 4.53% | 4.64% | 3.93% | 78th top |
| Efficiency ratio Middle half of peers: 68.03% to 91.60% | 112.55% | 79.83% | under 10th bottom |
| Cost of funds Middle half of peers: 0.37% to 1.23% | 0.37% | 0.78% | 75th top |
| Delinquency ratio Middle half of peers: 0.35% to 1.93% | 3.04% | 0.86% | 17th bottom |
| Yield on assets Middle half of peers: 4.21% to 5.32% | 5.01% | 4.70% | 63rd position only |
| Loan-to-share ratio Middle half of peers: 42.33% to 75.81% | 44.19% | 58.92% | 28th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$7.6M total assets against $7.6M; $7.1M total shares and deposits against $7.0M; $3.1M total loans against $3.2M.
$445K net worth against $492K.
5.87% net worth ratio against 6.48%.
44.19% loan-to-share ratio against 45.74%.
3.04% delinquency ratio against 3.21%.
-0.62% return on assets against -0.06%; -10.59% return on equity against -0.94%.
4.64% net interest margin against 5.21%.
1,720 members against 1,743.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 5.87% | -0.62% | 3.04% | 44.19% |
| March 31, 2026 | 5.96% | -0.40% | 1.74% | 44.34% |
| December 31, 2025 | 6.08% | -1.09% | 1.91% | 44.89% |
| September 30, 2025 | 6.53% | -0.34% | 2.54% | 45.84% |
| June 30, 2025 | 6.48% | -0.06% | 3.21% | 45.74% |
| March 31, 2025 | 6.15% | 0.43% | 3.60% | 44.31% |
Scroll sideways to see every column.
Watch flags
The net worth ratio is below the 6% NCUA adequately-capitalized threshold, placing the credit union in the undercapitalized Prompt Corrective Action category, which triggers mandatory earnings-retention and supervisory restrictions. NCUA Prompt Corrective Action, 12 CFR 702.102.
Loans 60+ days delinquent exceed 2% of the loan book, well above the credit-union industry norm of under 1%. Sustained high delinquency erodes net worth through charge-offs. BankRegReports band vs the <1% industry norm.
The credit union posted negative net income relative to assets in its latest filing. Credit unions build net worth only through retained earnings, so sustained losses gradually weaken capital. BankRegReports flag, negative earnings.
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.