Question 1

What is ACE Credit Union?

Accepted Answer

ACE Credit Union is a federally chartered community credit union serving the Mason City, Iowa area. With approximately 776 members and $7.7 million in total assets, ACE Credit Union operates as a member-owned financial cooperative providing personalized banking services to individuals and families in north-central Iowa. The credit union is a member of the National Credit Union Administration (NCUA) and participates in the National Credit Union Share Insurance Fund, ensuring member deposits are federally insured.

As a smaller community-focused institution, ACE Credit Union emphasizes personal relationships and local service.

Question 2

When was ACE Credit Union founded?

Accepted Answer

[Information not publicly available]

Specific details about ACE Credit Union's founding date, original purpose, and founders are not readily available in public records. The credit union operates under federal charter number 64323.

Question 3

Where is ACE Credit Union headquartered?

Accepted Answer

ACE Credit Union is headquartered at 1028 14th Street SE in Mason City, Iowa. Mason City is located in Cerro Gordo County in north-central Iowa, approximately 125 miles north of Des Moines.

The credit union serves the local community from its Mason City location.

Question 4

Where does ACE Credit Union operate?

Accepted Answer

ACE Credit Union primarily operates in the Mason City, Iowa area and surrounding communities in north-central Iowa. As a community credit union, membership may be available to individuals who live, work, worship, or attend school in the credit union's defined service area.

Specific details about additional branch locations or the full geographic scope of the membership field are not publicly available.

Question 5

What services does ACE Credit Union offer?

Accepted Answer

ACE Credit Union provides a range of financial services to meet member needs, including:

Deposit Accounts: Share savings accounts and checking accounts designed for everyday banking needs.

Lending Services: Consumer loans including auto loans, personal loans, and other credit products to help members finance major purchases and expenses.

Digital Banking: ATM access through the USA Credit Unions network, enabling convenient cash withdrawals and account access.

Member Services: Personalized service with direct access to credit union staff who understand the local community's financial needs.

Question 6

What makes ACE Credit Union unique?

Accepted Answer

ACE Credit Union distinguishes itself through its commitment to small-town, community-focused banking. With fewer than 800 members, the credit union maintains an intimate scale where members can develop personal relationships with staff.

The credit union demonstrates strong financial stability with a net worth ratio of 19.75%, well above regulatory requirements. This solid capital position enables ACE Credit Union to weather economic challenges while continuing to serve its members.

ACE Credit Union's low loan-to-share ratio of 26.82% reflects a conservative lending approach, prioritizing member savings and financial security. This positions the credit union as a stable place for members to save and build their financial futures.

Question 7

What type of financial institution is ACE Credit Union?

Accepted Answer

ACE Credit Union is a federal credit union chartered and regulated by the National Credit Union Administration (NCUA). As a federal credit union, it operates under federal banking laws and regulations specific to credit unions.

The credit union follows the cooperative financial structure where members are both customers and owners. Each member has equal voting rights regardless of account balance, embodying the credit union philosophy of "people helping people."

Membership is required to access services, with eligibility typically based on residing or working within the credit union's designated community charter area in north-central Iowa.

ACE Credit Union

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About ACE Credit Union in the United States