About Us

Think Beyond The Bank

Today, the credit union’s objective is to produce a level of quality, quantity, convenient, and cost competitive products and services unsurpassed within Southwest Iowa, so much so that current and potential members would not have the need nor desire to “bank” elsewhere.

NVCU, while functioning in the same operational manner as other financial services providers such as banks and savings and loans, is distinctively different in one important aspect, and is continually working toward uniqueness in another critical characteristic.

First, the primary difference is this institution’s basic business motive–the principles under which it operates and exists–which is “not for profit, not for charity, but for service”. This slogan, though seemingly simplistic and idealistic, is the foundation upon which the credit union movement has been built. Be assured NVCU continues to adhere to this pledge.

Second, the unique characteristic this institution strives to demonstrate is that we truly are “At Your Service…” rather than simply proclaiming it through advertisements and literature.

Your credit union is operated from policies set by the Board of Directors who are elected by you the member. There are no outside stockholders. Earnings are returned to you the member in the form of dividends on savings and better rates on loans. We are governed by NCUA (National Credit Union Administration), a U.S. Government Agency. This assures each member that we follow all regulations governing Credit Unions. Your accounts are federally insured by the NCUA for $250,000 per member. We are a member of the Iowa Credit Union League.

Every year your Credit Union is examined by the State of Iowa to insure safety and soundness. The Supervisory Committee, volunteers from among the membership, appointed by the Board of Directors conduct periodic exams on internal procedures.

History of NVCU

Nishna Valley Credit Union was founded in 1957 as Walnut Grove Credit Union in Atlantic, Iowa. Initially membership was only available to Walnut Grove employees and their relation.

On January 1, 1989 Walnut Grove Credit Union changed its name to Nishna Valley Credit Union and became an SEG (Select Employee Group) credit union. This allowed employees of several local companies to become members of Nishna Valley Credit Union. Membership remained on an SEG basis with a total of 78 SEG’s, until December 1, 2005 when a new Community Charter was granted to Nishna Valley Credit Union. This new charter opened membership to NVCU to an 18 county area in Southwest Iowa.

Contiguous with the new charter Nishna Valley Credit Union opened a second location December 1, 2005 in Creston, Iowa. This location was opened as the completion of a merger with Bluegrass Federal Credit Union in Creston.

Nishna Valley Credit Union now offers the convenience of two full service locations in Atlantic and Creston.