Watch this short video
to learn more about
the differences between
credit unions & banks.



Our Mission

Growing to provide exceptional rates, competitive financial products, and friendly service to a member-ownership dedicated to community service.

About Credit Unions

Your credit union is a federally insured cooperative financial institution, owned by its members. Unlike a bank or savings and loan association, a credit union is a not for profit financial cooperative and dedicated only to serving its members who share a common bond. Credit Union members pool their money to make their collective savings available for low cost loans to each other.

Since credit unions are nonprofit, earnings are distributed to members either in the form of better rates on savings or rebates on loans, or are invested in new or improved services for the members. Once you deposit money in the credit union, you become a member and shareholder. You can then vote for the credit union’s board of directors. Officers and directors are chosen from the membership and serve on a voluntary basis.


Des Moines Police Officer’ Credit Union, one of the oldest in the state, began serving its members in 1931. Its purpose was to provide credit to Des Moines police officers and their families at a fair and reasonable rate, to encourage habits of thrift and to provide the opportunity to use and control their savings for their mutual benefit. The integrity of our membership has allowed us to establish a long-standing tradition of providing low interest loans and high interest savings.

Safety & Soundness

Des Moines Police Officers’ Credit Union consistently receives high ratings from the Iowa Credit Union Regulatory Agency confirming our sound management and safe lending practices. Our reserves are considerably above the national average of 10% for credit unions of our size. Each member’s savings is federally insured up to $250,000 by NCUA, a United States government agency.

Regulation & Supervision

Des Moines Police Officer’ Credit Union was state chartered in 1931 under the provisions of Chapter 533 of the Code of Iowa. It is regulated by the “Superintendent of Credit Unions” who is appointed by the governor to direct and regulate credit unions. The Iowa Credit Union Division of the Department of Commerce conducts annual audits and examinations.

Board of Directors

Des Moines Police Officers’ Credit Union
2014-2015 Board of Directors


Executive Committee
David Ness  Chairperson of the Board
Dave Smith
 Vice Chairperson
Anna Kingery  President of the Board
Ben Warren  Secretary
Audit Committee
Darrel Cox
Tanya Schmell
Credit Committee
Brad Wells  Chairperson
Robert Ramsey  
Chip Beardsley
Membership/Marketing  Committee
Kevin Schneider
Anna Kingery
Dave Smith
Tanya Schmell
Brian Burke


The National Credit Union Administration (NCUA) is the independent federal agency created by the U.S. Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. Government, NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 92 million account holders up to $250,000 in all federal credit unions, and the overwhelming majority of state-chartered credit unions.