Question 1

What is Capitol View Credit Union (CVCU)?

Accepted Answer

Capitol View Credit Union (CVCU) is a member-owned, not-for-profit financial cooperative serving Iowa's public employees and their families. Headquartered in Des Moines, Iowa, the credit union has approximately 1,777 members and manages over $45 million in assets. CVCU specializes in providing financial services exclusively to government employees at the federal, state, county, and municipal levels throughout Iowa.

As a cooperative institution, Capitol View operates under the principle that when the credit union succeeds, all members benefit through better rates, lower fees, and enhanced services rather than profits going to external shareholders.

Question 2

When was Capitol View Credit Union (CVCU) founded?

Accepted Answer

Capitol View Credit Union was founded in 1944 by a group of State of Iowa employees. The credit union was established to provide financial services, including credit and savings, to Iowa's public sector workforce at fair and reasonable rates.

Since its founding, CVCU has grown from serving primarily state government employees to encompassing public employees at every level of government across Iowa, including municipal, county, state, and federal workers.

Question 3

Where is Capitol View Credit Union (CVCU) headquartered?

Accepted Answer

Capitol View Credit Union is headquartered at 623 E 12th Street in Des Moines, Iowa. The location in Iowa's capital city reflects the credit union's origins serving state government employees and its continued focus on the public sector workforce.

Question 4

Where does Capitol View Credit Union (CVCU) operate?

Accepted Answer

Capitol View Credit Union operates throughout the state of Iowa, serving public employees in every level of government across the state. Membership is restricted to Iowa's public sector employees and their families, including federal, state, county, and municipal government workers.

The credit union also extends membership to family members of current members, including those in the same household and relatives by blood or marriage. This closed field of membership reflects CVCU's specialized focus on the public employee community.

Question 5

What services does Capitol View Credit Union (CVCU) offer?

Accepted Answer

Capitol View Credit Union offers a comprehensive range of financial products and services, including:

Deposit Accounts: Share savings accounts, checking accounts, and certificates of deposit with competitive rates.

Lending Services: Vehicle loans, home equity loans and lines of credit, personal loans, and credit cards. AFSCME union members receive exclusive rate discounts on loan products.

Digital Banking: A full-featured online and mobile banking platform that includes account monitoring, fund transfers, bill pay, mobile check deposit, budgeting tools (Capview360), and credit score monitoring powered by SavvyMoney. The mobile app allows members to manage debit cards, including the ability to turn cards on and off instantly.

Card Services: Debit cards with card control features and credit cards with integrated management tools through MyCard Info.

Additional Features: Secure messaging for sensitive communications, customizable account alerts via text or email, and eStatements for paperless account management.

Question 6

What makes Capitol View Credit Union (CVCU) unique?

Accepted Answer

Capitol View Credit Union distinguishes itself through its exclusive focus on Iowa's public sector workforce. This specialization allows the credit union to understand and address the unique financial needs of government employees.

The credit union has established a partnership with AFSCME (American Federation of State, County and Municipal Employees), providing union members with exclusive rate discounts and additional benefits. This commitment to supporting union membership strengthens the credit union's ties to the public employee community.

As a not-for-profit cooperative, Capitol View returns value directly to its members through competitive rates on savings, lower interest rates on loans, and reduced fees. Members are also owners, giving them a voice in the credit union's governance and direction.

The credit union's digital banking platform offers advanced tools including free credit monitoring, integrated budgeting capabilities, and mobile check deposit, enabling members to manage their finances conveniently from anywhere.

Question 7

What type of financial institution is Capitol View Credit Union (CVCU)?

Accepted Answer

Capitol View Credit Union operates as a state-chartered credit union in Iowa, having been established under the provisions of Iowa's credit union laws. As a credit union, it is a member-owned financial cooperative rather than a traditional bank.

The credit union is federally insured by the National Credit Union Administration (NCUA), with each member's deposits insured up to $250,000. This insurance is backed by the full faith and credit of the United States government.

CVCU maintains a closed field of membership, meaning only eligible individuals can join—specifically Iowa's public employees and their family members. This structure allows the credit union to focus resources and services on its defined membership base while maintaining the cooperative principles of democratic member control and returning value to members rather than external shareholders.

Capitol View Credit Union (CVCU)

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About Capitol View Credit Union (CVCU) in the United States