1929, banks were mainly for the more affluent community. Many times when the average person needed financial help, they had to rely on loan sharks who charged outrageous interest rates. People wanted something better. It was no wonder that at this time the credit union movement was becoming popular in the United States. This was the year that FPCU opened its doors as Meredith Credit Union - so people could get something better.
Credit unions like FPCU began to serve families who were starting to save more and also had needs for credit. The financial cooperatives allowed members to be owners and even elect a volunteer Board of Directors. Members deposited their savings in the credit unions and that money in turn was loaned to people in need for credit. Profits were returned to members of the credit union in the form of better rates and more financial services.
Over the years, the things that have help us stand out from our competition include better rates, fewer fees, free checking and exceptional member service, just to name a few. We're proud to be your local Des Moines credit union!
Today, the credit union philosophy of "People Helping People" still guides FPCU. Membership in FPCU is open to people who share the following common bonds:
Employees of select employee groups;
Family members of primary FPCU members;
Community members who work or reside in the following Iowa counties:
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154