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Overview / Commentary
731 E Bethalto Dr
Bethalto, IL 62010

1st MidAmerica Credit Union is headquartered in Bethalto and is the 14st largest credit union in the state of Illinois. It is also the 440th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 145 employees and 45,676 members. 1st MidAmerica Credit Union has a A health rating.

Field of Membership Restrictions

1st MidAmerica Credit Union is open for membership to anyone who lives, works, or maintains an address in any of the following counties in Illinois: Madison, Macoupin, Montgomery, Bond, Fayette, Calhoun, Greene, Jersey, Pike, Morgan, Scott, Sangamon, Clinton, Monroe, or St. Clair. 1st MidAmerica is also open for membership to anyone who lives or works in Jackson County, Missouri or is related to a current member. You are also eligible for membership into 1st MidAmerica Credit Union if you are related by blood, marriage or adoption to a current member; or if you are an employee of one of 1st MidAmerica Credit Union's select employee groups. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 1st MidAmerica Credit Union had $2.07 million in non-current loans and owned real-estate with $58.54 million in equity and loan loss allowances on hand to cover it. This gives 1st MidAmerica Credit Union a Texas Ratio of 3.54% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for 1st MidAmerica Credit Union experienced no significant changes from 3.76% as of March 31, 2013 to 3.54% as of March 31, 2014, resulting in a positive change of 5.88%.This indicates that the balance sheet and financial strength for 1st MidAmerica Credit Union has had no significant changes in recent periods.

Deposit Growth


In the past year, 1st MidAmerica Credit Union has increased its total deposits by $6.56 million, resulting in 1.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st MidAmerica Credit Union has shown is above average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st MidAmerica Credit Union has $514.29 million in assets with $58.54 million in equity, resulting in a capitalization level of 11.38%, which is excellent.

Institution Statistics

NCUA #63932
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$514.29 million
Loans$438.25 million
Deposits$454.32 million
Equity Capital$54.76 million
Loan Loss Allowance$3.78 million
Unbacked Noncurrent Loans$2.07 million
Real Estate Owned$0
Historic Data - March 2013
Assets$505.25 million
Equity Capital$51.83 million
Loan Loss Allowance$3.34 million
Unbacked Noncurrent Loans$2.07 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.99%
Return on Assets0.44%
Return on Equity4.16%
Interest Income$5.00 million
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1st MidAmerica Credit Union Savings Account Rates

0.20%--IRA Savings
0.20%--Roth IRA Savings
0.20%--CESA Savings
0.05%--Regular Shares

1st MidAmerica Credit Union Money Market Rates

0.40%$100k-Money Market Deposit Account

1st MidAmerica Credit Union CD Rates

1.51%$1k-60 Month CD
1.21%$1k-48 Month CD
1.15%$1k-35 Month CD Special
1.00%$1k-36 Month CD
0.80%$1k-21 Month CD Special
0.60%$1k-24 Month CD
0.60%$300-12 Month Youth Velocity CD
0.50%$1k-18 Month CD
0.35%$1k-12 Month CD
0.25%$1k-6 Month CD

1st MidAmerica Credit Union IRA Rates

1.51%$1k-60 Month IRA
1.21%$1k-48 Month IRA
1.15%$1k-35 Month IRA Special
1.00%$1k-36 Month IRA
0.80%$1k-21 Month IRA Special
0.60%$1k-24 Month IRA
0.50%$1k-18 Month IRA
0.35%$1k-12 Month IRA
0.25%$1k-6 Month IRA

1st MidAmerica Credit Union Locations
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