Information Desk

Ascentra Credit Union History

(03/10)

Ascentra Credit Union opened its doors in 1950 to serve the employees and family members of its sponsor company, Aluminum Company of America (ALCOA), located in Riverdale, IA. Since that time, the credit union has expanded its field of membership to a community charter including anyone working or living in any of the following counties. Iowa: Cedar, Clinton, Delaware, Des Moines, Dubuque, Jackson, Johnson, Jones, Linn, Louisa, Muscatine, Scott and Washington; in Illinois: Carroll, Henry, Jo Daviess, Knox, Mercer, Peoria, Rock Island and Whiteside. The credit union also offers membership to over 150 large and small businesses referred to as Select Employee Groups (SEGs). Credit Union membership is open to the employees, retirees and family members of these companies. Once you become a member you are welcome to remain a member for life, regardless of whether you change jobs, move, or retire.

As a democratically controlled not-for-profit cooperative, each member of Ascentra Credit Union owns one share in the credit union. Members may vote for the eleven-member volunteer board of directors. Any member may run for a seat on the board if they are at least 18 years old and a member in good standing.

Your deposits are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government National Credit Union Administration, a U.S. Government Agency.

Credit Union History Timeline

2010	Members Choice Community Credit Union merged with Ascentra Credit Union growing the membership by nearly 1/3. With the merger, the field of membership added two Illinois counties including Jo Daviess and Carroll.
2008	With over 20,600 members, Ascentra Credit Union has grown to $158 million in assets.
2007	On September 4th, the credit union strategically launched the new Ascentra Credit Union name.
2005	Grand opening of the first Illinois branch location in Moline.
2004	The Muscatine Mall location moved to a newly-built site at 2419 Park Avenue in Muscatine.
2002	The Credit Union relocated the Village branch and opened the Davenport West 53rd Street location.
2001	The Davenport West 3rd Street location opened.
1998	The community charter was changed to include the Iowa counties of Scott, Muscatine, Cedar, and Clinton and Illinois counties of Rock Island, Henry, Mercer, and Whiteside. This also brought about the change in the name to Alcoa Employees & Community Credit Union. River Dominion Credit Union merged with Alcoa Employees & Community Credit Union bringing an increase to membership.
1991	With $45 million in assets, the Middle Road office moved to 1710 Grant Street in Bettendorf.
1989	The charter was changed to allow community members in Muscatine County to join.
1986	The first Davenport branch opened in the Village Shopping Center. The St. Alphonsus Credit Union and United Food and Commercial Works District Local Union Number 431 AFL-CIO & CLC Credit Union merged with ALCOA and significantly increased membership.
1980	The field of membership was expanded to include all ALCOA employees and family members, as well as Select Employee Groups (SEGs) and businesses unable to support their own credit union.
1976	With $6 million in assets the credit union moved the main branch to Bettendorf.
1950	Alcoa Employees Credit Union was originally granted its charter by the State of Iowa. The original credit union, located in the basement of the Aluminum Company of America (ALCOA) plant in Riverdale, Iowa, served the employees.

The credit union has eight locations:

Bettendorf Main Office
Opened in 1991
1710 Grant Street
Bettendorf, Iowa 52722
(563) 355-0152
Lobby and drive-up facilities available. ATM located at 1738 Grant Street. Safe deposit boxes and mortgage services available.
Davenport: West 53rd Branch
Opened in 2002
1515 West 53rd Street
Davenport, Iowa 52806
(563) 355-0152
Lobby, drive-up, and ATM facilities available. Safe deposit boxes and mortgage services available.
Davenport: West 3rd Branch
Opened in 2001
1710 West 3rd Street
Davenport, IA 52803
(563) 355-0152
Lobby, drive-up, and ATM facilities available.
Moline Branch
Opened in 2005
3005 7th Street
Moline, Illinois 61265
(309) 764-3627
Lobby, drive-up, and ATM facilities available. Safe deposit boxes and mortgage services available.
Muscatine Branch
Opened in 1988 - relocated in 1995 and 2004
2419 Park Avenue
Muscatine, Iowa 52761
(563) 263-147
Lobby, drive-up, and ATM facilities available. Safe deposit boxes and mortgage services available.
Clinton North Branch
1702 North 2nd Street
Clinton, Iowa 52732
(563) 243-6320
Clinton South Branch
1116 South 14th Street
Clinton, Iowa 52732
(563) 243-6320
LeClaire Branch
949 Mississippi View Court
LeClaire, Iowa 52753
(563) 355-0152

Ascentra Credit Union is an Equal Housing Lender.

To learn more about Ascentra Credit Union, stop in any of our offices; call (563) 355-0152 or toll free at (800) 426-5241; or send a message to our E-mail box.