NCUA merger report, Q1 2025
Public Employees merger into Community Choice Credit Union
NCUA's Merger Activity and Insurance Report for Q1 2025 lists Public Employees, of Waterloo, IA, as merging into Community Choice Credit Union, of Johnston, IA. NCUA records the reason as "inability to obtain officials".
Members of Public Employees become members of Community Choice Credit Union. Watch for its notice on new account numbers, cards and online banking.
The two credit unions side by side
| Measure | Public Employees | Community Choice Credit UnionQ2 2026 |
|---|---|---|
| Assets | $36.2M | $922.9M |
| Members | – | 53,683 |
| Net worth ratio | – | 12.74% |
| Offices | – | 11 |
| Paid on deposits | – | 1.19% |
| New auto loan rate | – | 4.82% |
| Fee income per member | – | $69 |
Figures for Public Employees are from NCUA's merger report; this page carries only its size and capital. Assets for the report quarter: $36.2M merging, $809.9M continuing.
On our member-value score, built only from call-report data, Community Choice Credit Union scores 46.6 out of 100.
Community Choice Credit Union offices near Waterloo
From NCUA's branch file for Q2 2026, in Waterloo first and then elsewhere in IA. Every Community Choice Credit Union location
Altoona, IA 1
- Altoona 818 8Th St Sw, Altoona, IA 50009 Drive-through · ATM
Ames, IA 1
- Ames 212 E Lincoln Way, Ames, IA 50010 Drive-through · ATM
Ankeny, IA 1
- Ankeny 2710 S Ankeny Blvd, Ankeny, IA 50023 Drive-through · ATM
Clive, IA 1
- Clive 1351 Nw 114Th St, Clive, IA 50325 Drive-through · ATM
Des Moines, IA 1
- Downtown 700 Lyon St, Des Moines, IA 50309 Drive-through · ATM
Johnston, IA 2
- Johnston 8404 Nw 62Nd Ave, Johnston, IA 50131 Drive-through · ATM
- Johnston Administration Office 6163 Nw 86Th St, Johnston, IA 50131 Main office
Waterloo, IA 1
- Waterloo (former PECU Branch) 624 Franklin St, Waterloo, IA 50703 Drive-through · ATM
Source: NCUA Merger Activity and Insurance Report, Q1 2025, and NCUA 5300 call reports. The report quarter is when the approval was listed; the merger may take effect later. Not affiliated with NCUA or either credit union. · All recent mergers · Community Choice Credit Union full figures
Questions people ask
Did Public Employees merge?
Yes. NCUA's Merger Activity and Insurance Report for Q1 2025 lists Public Employees, of Waterloo, IA, as merging into Community Choice Credit Union, of Johnston, IA.
Why did Public Employees merge?
NCUA records the reason as "inability to obtain officials". That is the category NCUA's report gives; the credit unions' own merger notice to members explains it in more detail.
What happens to my Public Employees account?
Members and their accounts move to Community Choice Credit Union, which becomes your credit union. Account numbers, the routing number, cards, checks and online banking can change; the notice Community Choice Credit Union sends members gives the dates. Keep using your current details until it tells you otherwise.
Is my money still insured?
Yes. Community Choice Credit Union is federally insured by NCUA, which covers deposits up to $250,000 per owner, per insured credit union, for each account ownership category. If you also had accounts at Community Choice Credit Union before the merger, your balances are now at one credit union.