Credit union · NCUA insured
Corda Credit Union
Top CarrotA $748.9M credit union headquartered in Cedar Rapids, IA, with 27,148 members and 5 branches in Iowa. Best rates: CDs 4.15% and savings 1.25% APY.
Corda Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 76% of U.S. banks and credit unions
#3 of 29 in Cedar Rapids, IA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Corda Credit Union
Founded in 1935 as Cedar Rapids Teachers' Credit Union, Corda Credit Union is a not-for-profit financial cooperative based in Iowa.
Previously known as Linn Area Credit Union, the institution rebranded as Corda Credit Union in 2024 and serves 22 counties across Eastern Iowa.
- Headquarters
- 3015 Blairs Ferry Rd NE, Cedar Rapids, IA 52402
- NCUA charter
- 63602
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Individuals who live or work in one of 22 specified counties in Iowa are eligible to join.
Family and household
- Immediate family members of current members, including grandparents, parents, spouses, children, grandchildren, and siblings, are eligible to join.
Cost to join
- Opening an account requires a minimum deposit of $5 into a savings account.
Branches
5 branches in Iowa
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Iowa
5 branches
Cedar Rapids area · 4
- Corda Credit UnionMain office3015 Blairs Ferry Rd NE, Cedar Rapids, IA 52402Directions
- Corda Credit Union3330 Mount Vernon Rd SE, Cedar Rapids, IA 52402Directions
- Corda Credit Union3700 Edgewood Rd SW, Cedar Rapids, IA 52404Directions
- Corda Credit Union3375 7th Ave, Marion, IA 52302Directions
Iowa City area · 1
- Corda Credit Union1265 Hayes Ln, North Liberty, IA 52317Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 9.54% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.66% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 0.69% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $111 | $76 | — |
- CapitalNet worth ratio9.54%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.66%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets0.69%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$111Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Corda Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.