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University of Iowa CCU Merging $46 million Hiawatha CU

Iowa's second largest credit union, the $914 University of Iowa Community CU, is moving ahead this month to merge with the $46 million Best of Iowa Community CU as the Iowa City-based CU seeks a larger footprint in the Cedar Rapids market.

By Jim Rubenstein | Updated on February 07, 2010

Iowa’s second largest credit union, the $914 University of Iowa Community CU, is moving ahead this month to merge with the $46 million Best of Iowa Community CU as the Iowa City-based CU seeks a larger footprint in the Cedar Rapids market.

In detailing regulatory applications underway, Jeff Disterhoft, president/CEO of UICCU, said the merger of the two healthy CUs would go a long way toward providing an expanded UICCU reach into a growing area of the state while enhancing member services for Best of Iowa, based in Hiawatha, a Cedar Rapids suburb.

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