3 star ratingAverage User Rating:
3 star rating based on 2 reviews.

IH Mississippi Valley Credit Union

IH Mississippi Valley Credit Union Locations
2121 - 47th Street
Moline, IL 61265
309-793-6200 ext. 8242
www.ihmvcu.org

NCUA


IH Mississippi Valley Credit Union is headquartered in Moline and is the 7th largest credit union in the state of Illinois. It is also the 235th largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 228 employees and 111,490 members. IH Mississippi Valley Credit Union has a 4-star health rating.

Related Posts

Top Long-Term CD Rates at IH Mississippi Valley Credit Union in IL & IA - Local Only - 10/3/2010

IH Mississippi Valley Credit Union is offering some competitive long-term CD and IRA CD rates. The most competitive is the 5-year term which has a 2.99% APY. Other notable rates include a 2.27% APY 3- ...

4.07% 60-Month CD at IH Mississippi Valley Credit Union in IL & IA - Local Only - 10/8/2009

Update 1/09/2010: CD rates have fallen. Please check the credit union's website for the latest rates.IH Mississippi Valley Credit Union is offering some competitive certificate rates. The most competitive is the 60-month term which has a 4.07% APY. Other...

3.25% 39-Month CD and Other Competitive CD Rates at Regions Bank - 3/9/2009

Update 4/21/09: The CD rates have fallen. Please check Regions Bank's website for the latest rates.Regions Bank is offering some competitive rates on a few CD specials. The rates vary by state, so you'll have to enter your zip code at Regions CD page to...

High-Yield Reward Checking Account at IH Mississippi Valley Credit Union in IL & IA - 2/15/2009

Update 6/07/09: The top rate has fallen to 4.01% APY.IH Mississippi Valley CU has a reward checking account called Checking Plus that pays 4.01% APY on balances up to $25,000 (0.25% for above) and refunds ATM fees (up to $25 per month) if the following...



See Rates for: Checking | Savings | Money Market | CD | IRA

IH Mississippi Valley Credit Union Checking Account Rates

ApyMinMaxProduct
1.76%-$25kChecking Plus
0.35%--Relationship Checking
0.25%$75k-Business Plus Checking

IH Mississippi Valley Credit Union Savings Account Rates

ApyMinMaxProduct
1.00%-$500Auto Savers
0.15%$25k-Youth Account
0.15%$25k-Savings Account

IH Mississippi Valley Credit Union Money Market Rates

ApyMinMaxProduct
0.30%$150k-Prime Reserve Money Market
0.25%$75k-Daily Money Market
0.25%$75k-Business Daily Money Market

IH Mississippi Valley Credit Union CD Rates

ApyMinMaxProduct
0.55%$500-30 Month CD
0.55%$500-36 Month CD
0.45%$500-24 Month CD
0.45%$500-60 Month CD
0.35%$500-12 Month CD
0.35%$500-18 Month CD
0.25%$500-6 Month CD
0.10%$500-3 Month CD

IH Mississippi Valley Credit Union IRA Rates

ApyMinMaxProduct
0.55%$500-30 Month IRA
0.55%$500-36 Month IRA
0.55%$500-30 Month Roth IRA
0.55%$500-36 Month Roth IRA
0.55%$500-30 Month CESA
0.55%$500-36 Month CESA
0.45%$500-24 Month IRA
0.45%$500-60 Month IRA
0.45%$500-24 Month Roth IRA
0.45%$500-60 Month Roth IRA
0.45%$500-24 Month CESA
0.45%$500-60 Month CESA
0.35%$500-12 Month IRA
0.35%$500-18 Month IRA
0.35%$500-12 Month Roth IRA
0.35%$500-18 Month Roth IRA
0.35%$500-12 Month CESA
0.35%$500-18 Month CESA
0.25%$500-6 Month IRA
0.25%$500-6 Month Roth IRA
0.25%$500-6 Month CESA
0.10%$500-3 Month IRA
0.10%$500-3 Month Roth IRA
0.10%$500-3 Month CESA

Rates updated: 5/25/2013

Data for Q4 2012


Institution Statistics


I. H. MISSISSIPPI VALLEY
NCUA #60337
BankRate ReportView
Year Chartered1936
Employees228
Primary Regulator

Assets and Liabilities

Assets$868.32 million
Loans$645.50 million
Deposits$785.37 million
Equity Capital$78.28 million
Loan Loss Allowance$4.41 million
Unbacked Noncurrent Loans$8.36 million
Real Estate Owned$3.51 million

Historic Data - December 2011

Assets$841.41 million
Equity Capital$74.83 million
Loan Loss Allowance$3.71 million
Unbacked Noncurrent Loans$7.74 million
Real Estate Owned$4.79 million

Profit Margin - Quarterly

Net Interest Margin4.27%
Return on Assets0.43%
Return on Equity4.79%
Interest Income$33.33 million
Non-Interest Income$19.59 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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, 2012 IH Mississippi Valley Credit Union had $11.87 million in non-current loans and owned real-estate with $82.69 million in equity and loan loss allowances on hand to cover it. This gives IH Mississippi Valley Credit Union a Texas Ratio of 14.36% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for IH Mississippi Valley Credit Union held steady from 15.95% as of December 31, 2011 to 14.36% as of December 31, 2012, resulting in a positive change of 9.97%.This indicates that the balance sheet and financial strength for IH Mississippi Valley Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, IH Mississippi Valley Credit Union has increased its total deposits by $24 million, resulting in 3.15% 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 IH Mississippi Valley Credit Union has shown is above average.
Capitalization3
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. IH Mississippi Valley Credit Union has $868.32 million in assets with $82.69 million in equity, resulting in a capitalization level of 9.52%, which is average.
Write Review

Lots Of Drawbacks
1 stars - Engineering4me - Tuesday, May 3, 2011 - 12:04 PM

Beware of the services you need from this credit union. Good rates the but not most up to date on technology. Still havent updated to taking payments over the phone or online for my auto loan (though they claimed that the technology was coming soon when I got my loan). Service is hit or miss and varies wildly from one branch to another. For most younger professionals that are used to doing most thing remotely definitely steer clear! 

4

IH Mississippi Valley Credit Union - In Short, I Love Them!
5 stars - zapeta - Sunday, July 11, 2010 - 8:48 AM

If you are lucky enough to be in an area served by IH Mississippi Valley Credit Union and are looking for a bank or CU, my advice is to look no further.  I've been banking with them since 1995 when my parents opened a savings account for me.  I've since had their free checking and more recently their reward checking (Checking Plus) accounts. The thing that I've been consistently impressed with, especially compared to other financial institutions I've used is their service.  It has always been a pleasure to visit a branch...they are efficient and friendly!  In the past few years I've moved several times and have dealt with some of their customer service staff on the phone since I was too far away to make a branch visit, and again they were friendly and efficient.  I am planning a cross-country move and I am planning on continuing to use my IH account because I just don't think they can be beat.

Opening an account is a fairly easy process.  You have to open a savings account with at least $5.00, and that $5.00 must remain in the account as long as you have any accounts with them.  Once you've done that you can take advantage of their other accounts such as rewards checking.  The rewards checking (Checking Plus) account was paying 5.01% for a while but has been 4.01% for maybe a year now and this higher rate applies to the first $25,000 in the account.  If you don't qualify or whatever you have over $25k earns 0.25%.  They haven't tried any gotcha tricks with me about qualifying for the high rate.  As long as you receive e-statements, make 12 debit card transactions (pin or signature based both count) and have one direct deposit or electronic transaction, you qualify for the rate.  The nice thing is that if you don't want to get your paycheck by direct deposit to this account, any other electronic payments do count towards the direct deposit requirement.  For example, if I pay my power bill or credit card online through their websites, IH views this as an electronic transaction and that counts towards that requirement.  They will also refund up to $25.00 of ATM fees a month and they tell you on your monthly statement how big your refund will be so you can figure that in.  In short, it's easy for me to qualify each month just doing the transactions I'd do anyway.

I hope this will help you with your account decisions, but I don't think you can go wrong with IHMVCU!

4