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Overview / Commentary
618-258-3168
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 438th largest credit union in the nation. It was established in 1934 and as of December of 2013, it had grown to 145 employees and 45,488 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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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 1st MidAmerica Credit Union had $2.9 million in non-current loans and owned real-estate with $57.82 million in equity and loan loss allowances on hand to cover it. This gives 1st MidAmerica Credit Union a Texas Ratio of 5.01% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for 1st MidAmerica Credit Union experienced no significant changes from 4.72% as of December 31, 2012 to 5.01% as of December 31, 2013, resulting in a negative change of 6.18%. This indicates that the balance sheet and financial strength for 1st MidAmerica Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
B+

In the past year, 1st MidAmerica Credit Union has increased its total deposits by $12.02 million, resulting in 2.82% 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.

Capitalization

GRADE:
A

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 $497.46 million in assets with $57.82 million in equity, resulting in a capitalization level of 11.62%, which is excellent.

Institution Statistics

Overall
NCUA #63932
Year Chartered1934
Employees145
Primary Regulator
Assets and Liabilities
Assets$497.46 million
Loans$430.06 million
Deposits$438.97 million
Equity Capital$54.20 million
Loan Loss Allowance$3.62 million
Unbacked Noncurrent Loans$2.90 million
Real Estate Owned$0
Historic Data - December 2012
Assets$482.30 million
Equity Capital$51.44 million
Loan Loss Allowance$3.32 million
Unbacked Noncurrent Loans$2.90 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.87%
Return on Assets0.55%
Return on Equity5.07%
Interest Income$19.93 million
Rates

Always verify rates and promotions with the bank or credit union. We are not 1st MidAmerica Credit Union, we are a rate comparison website and can not provide official rates or promotions.

1st MidAmerica Credit Union Savings Account Rates

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

1st MidAmerica Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.40%$100k-Money Market Deposit Account

1st MidAmerica Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Share Draft Checking
0.00%--Community Checking
0.00%--Basic Business Checking
0.00%--Elite Business Checking

1st MidAmerica Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

DetailsAPYMINMAXPRODUCT
1.51%$1k-60 Month IRA (Traditional,Roth,CESA)
1.21%$1k-48 Month IRA (Traditional,Roth,CESA)
1.15%$1k-35 Month IRA Special (Traditional,Roth,CESA)
1.00%$1k-36 Month IRA (Traditional,Roth,CESA)
0.80%$1k-21 Month IRA Special (Traditional,Roth,CESA)
0.60%$1k-24 Month IRA (Traditional,Roth,CESA)
0.50%$1k-18 Month IRA (Traditional,Roth,CESA)
0.35%$1k-12 Month IRA (Traditional,Roth,CESA)
0.25%$1k-6 Month IRA (Traditional,Roth,CESA)
Locations


1st MidAmerica Credit Union Locations
Branch Office3553 College AveAlton, IL 62002
Branch Office300 W County RdJerseyville, IL 62052
Branch Office1795 E Edwardsville RdWood River, IL 62095
Branch Office19301 E Valley View PkwyIndependence, MO 64055
Branch Office1611 Troy RdEdwardsville, IL 62025
Branch Office5301 Godfrey RdGodfrey, IL 62035
Branch Office731 E Bethalto DrBethalto, IL 62010
Branch Office419 N Shamrock StEast Alton, IL 62024
Branch Office19301 E Valley View PkwyIndependence, MO 64055