CEDAR FALLS, Iowa – The state Board of Regents approved a deal with University of Iowa Community CU yesterday for on-campus financial services that will allow students, faculty and staff to use their university ID cards as debit and ATM cards. The credit union will also process the University’s bills and department deposits, under the deal. The deal comes just two weeks after members of the $525 million credit union voted to retain the credit union’s historic ties to the University by recalling a change in name to Optiva CU. Under the new deal, the credit union has also agreed to open at least one on-campus branch and maybe two.
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