Westown Early Closure: Our Westown branch will be closing at 3pm on Friday, October 4th for an event. All other GICU branches will be open their regular business hours during this time. Our Westown branch will resume regular business hours on Saturday, October 5th.
Greater Checking Unleashed.
When you open a new Greater Checking account you earn greater dividends, which are paid when eligibility requirements are met. Learn more
Greater Savings
Earn more with your money by opening a GICU Greater Savings account when you pair it with your GICU Greater Checking. Learn more here!
Loans made just for you.
Get the funds you need with our flexible and low-interest personal loans designed to fit your lifestyle. Apply Online
Manage Your Cards
Download the new GICU Cards app to make credit card payments, set up alerts and controls, and report a card lost or stolen. Learn more
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Greater Iowa is offering children ages 8 to 12 the opportunity to be an official GICU Ball Kid at an Iowa State Men’s Basketball game!
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An adjustable rate mortgage, or an "ARM" as they are commonly called, is a loan type that offers a lower initial interest rate than most fixed rate loans. The trade-off is that the interest rate can change periodically, usually in relation to an index, and the monthly payment will go up or down accordingly. Against the advantage of the lower payment at the beginning of the loan, you should weigh the risk that an increase in interest rates would lead to higher monthly payments in the future. It's a trade-off. You get a lower rate with an ARM in exchange for assuming more risk.
For many people in a variety of situations, an ARM is the right mortgage choice, particularly if your income is likely to increase in the future or if you only plan on being in the home for three to five years.
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