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Teamsters Local #238 Credit Union

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Teamsters Local #238 Credit Union Rates & Review September 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 and Verified: September 10, 2026

Teamsters Local #238 Credit Union rates are not currently in our database, but you can compare rates from other banks and credit unions we track: 12-month share certificate rates are currently at 2.77%, 6-month share certificate rates at 2.65% and 3-month share certificate rates at 2.52%. Savings rates are at 0.84% and money market rates are at 1.15%. Mortgage rates on 30-year fixed loans are around 6.75%. These rates come from our rate database, not Teamsters Local #238 Credit Union, and you can see how they compare in the Teamsters Local #238 Credit Union rate tables below. MonitorBankRates evaluates the financial stability of Teamsters Local #238 Credit Union with a 4.0 Star Rating, an B Overall Health Grade, and a Texas Ratio of 11.49%. Database rates last updated and verified on 09/10/2026.

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: 84/100

MonitorBankRates Rating

4.0

Very Good Out of 5.0 Stars

Texas Ratio

11.49%

Excellent Higher than avg

Health Trend

Worsening 12 quarters

Full history ›

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

5050 J St SW
Cedar Rapids, IA 52404

https://teamsterslocal238cu.org

Current Rate Availability

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Financial Health History

Teamsters Local #238 Credit Union’s Texas Ratio rose from 8.74% in Q2 2023 to 11.49% in Q1 2026, so its financial health has weakened over the past 12 quarters. Over the same period its Star Rating moved from 4.2 to 4.0 and its Health Grade from B+ to B. Lower Texas Ratios are healthier; the amber line marks the 15% level a credit union must stay under to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy threshold

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
March 31, 2026	$8M	11.49%	4.0	B
December 31, 2025	$8M	12.73%	4.1	B
September 30, 2025	$7M	16.03%	4.4	B
June 30, 2025	$8M	20.55%	4.0	C+
March 31, 2025	$8M	23.91%	3.4	C-
December 31, 2024	$8M	8.82%	4.2	B+
September 30, 2024	$8M	5.89%	3.9	B
June 30, 2024	$8M	5.77%	3.7	B
March 31, 2024	$9M	7.86%	3.8	B
December 31, 2023	$8M	5.06%	4.1	B+
September 30, 2023	$9M	1.15%	4.2	A-
June 30, 2023	$9M	8.74%	4.2	B+

Source: NCUA 5300 call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

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 0

Branch Locations 1

ATM Locations 0

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

Financials

MonitorBankRates Star Rating

4.0 / 5.0 ★

Overall Health & Safety Grade

B (84/100)

Texas Ratio

11.49%

Return on Assets (ROA)

-0.1006%

Return on Equity (ROE)

-1.6887%

Non-Performing Loans Ratio (NPL)

1.74%

Total Assets

7,677,336

Total Amount of Shares and Deposits

7,150,857

Total Shares and Deposits < 1 Year

7,150,857

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

341,207

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

341,207

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

6,809,650

Total Interest Expense (Sum of items 6 8)

7,117

Share Certificates

Number of Accounts for Share Drafts

596

IRA KEOGH Accounts

Number of Accounts for Regular Shares

1,673

All other shares

628

Money Market Shares

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

-7,721

Net Worth Classification if credit union is not new (Based upon Call Report data only See instructions)

Undercapitalized

Net Worth Classification if credit union is a new credit union

Moderately Capitalized

Total Cash on Deposit (Amounts Deposited in Financial Institutions)

1,963,481

Total Liabilities

7,220,111

Source: NCUA — Last Updated 03/31/2026

Customer Reviews

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Frequently Asked Questions About Teamsters Local #238 Credit Union

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.