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Teamsters Local #238 Credit Union

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Teamsters Local #238 Credit Union Rates & Review April 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Teamsters Local #238 Credit Union provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 27, 2026

You can compare Teamsters Local #238 Credit Union rates to other rates in our database, including 12-month share certificate rates currently at 2.01%, 6-month share certificate rates at 3.98% and 3-month share certificate rates at 3.00%. Savings rates are at 0.05% and money market rates are at 0.01%. Mortgage rates on 30-year fixed loans are around 6.07%. All these rates can be compared to Teamsters Local #238 Credit Union rates. MonitorBankRates evaluates the financial stability of Teamsters Local #238 Credit Union with a 4.4 Star Rating, an B Overall Health Grade, and a Texas Ratio of 16.03%. Rates were last updated on 04/27/2026.

Teamsters Local #238 Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Teamsters Local #238 Credit Union? Share your experience about Teamsters Local #238 Credit Union by leaving a review below, or read customer reviews before you decide to use Teamsters Local #238 Credit Union.

Overall Health & Safety Grade

Solid Health Score: 86/100

MonitorBankRates Rating

4.4

Excellent Out of 5.0 Stars

Texas Ratio

16.03%

Good Higher than avg

Teamsters Local #238 Credit Union
Teamsters Local #238 Credit Union

5050 J St SW
Cedar Rapids, IA 52404

https://teamsterslocal238cu.org

Current Rate Availability

We do not have Teamsters Local #238 Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates Star Rating

Our rating for Teamsters Local #238 Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.

Texas Ratio

We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation

We gather Teamsters Local #238 Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Teamsters Local #238 Credit Union's official website for the most current offers and terms.

Credit Union Profile & Overview

Credit Union Name Teamsters Local #238 Credit Union

Website https://teamsterslocal238cu.org

Address 5050 J St SW, Cedar Rapids, IA 52404

Phone 319-363-8247

Fax 319-363-9059

President Gregory Hearns

CEO Eric Sorensen

Full-Time Employees 2

Part-Time Employees 1

Branch Locations 1

ATM Locations 0

NCUA Insured ✓ Yes — Up to $250,000 per depositor

Financials

MonitorBankRates Star Rating

4.4 / 5.0 ★

Overall Health & Safety Grade

B (86/100)

Texas Ratio

16.03%

Return on Assets (ROA)

0.0155%

Return on Equity (ROE)

0.2370%

Non-Performing Loans Ratio (NPL)

2.54%

Total Assets

7,440,015

Total Amount of Shares and Deposits

6,883,066

Total Shares and Deposits < 1 Year

6,883,067

Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)

21,757

Total Uninsured Shares and Deposits > $250K (F+J)

21,757

Total Insured Shares and Deposits > $250K (item 17 less item K)

6,861,309

Total Interest Expense (Sum of items 6 8)

10,614

Share Certificates

Number of Accounts for Share Drafts

603

IRA KEOGH Accounts

Number of Accounts for Regular Shares

1,686

All other shares

625

Money Market Shares

Net Income (unless the amount is already included in Undivided Earnings)

1,150

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,309,301

Total Liabilities

6,954,275

Source: NCUA — Last Updated 09/30/2025

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Frequently Asked Questions About Teamsters Local #238 Credit Union

Is Teamsters Local #238 Credit Union a safe place to deposit money?

Yes, Teamsters Local #238 Credit Union is considered a safe financial institution. With a Texas Ratio of 16.032292968454%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How many branches does Teamsters Local #238 Credit Union operate?

Teamsters Local #238 Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is a member application needed to join Teamsters Local #238 Credit Union?

Yes, to access services at Teamsters Local #238 Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations.

Is there a first-time homebuyer program?

Currently, Teamsters Local #238 Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Teamsters Local #238 Credit Union provides members with tools to manage their accounts and build a solid financial history.

Does Teamsters Local #238 Credit Union offer online and mobile banking?

Most modern institutions like Teamsters Local #238 Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://teamsterslocal238cu.org.