Update on Branch and ATM Validation

March 25, 2021

In January, the Iowa Division of Credit Unions conducted a data validation initiative. The IDCU requested verification of each site location and terminal type for each credit union. 

In order for the Iowa Division of Credit Unions to remain informed and maintain accurate records, all Iowa state-chartered credit unions are required to follow Iowa law in accordance with the rules governing branch offices and satellite terminals. 

We appreciate your continued communication and cooperation with our office in submitting requests for approvals, applications and notification of credit union action to the Division office pertaining to all credit union facilities and terminals to ensure proper and timely processing and accurate record retention as required by Iowa law.

Katie Averill

Superintendent of Credit Unions