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309-793-6200 ext. 8242
2121 47th St
Moline, IL 61265-3663

IH Mississippi Valley Credit Union is headquartered in Moline and is the 6th largest credit union in the state of Illinois. It is also the 250th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 248 employees and 113,956 members. IH Mississippi Valley Credit Union's savings rates are 92% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to the Quad Cities and surrounding area residents within 50 miles. A $5 deposit is required for savings membership. - See Details

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Reviews (3)

Lots Of Drawbacks

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! 

IH Mississippi Valley Credit Union - In Short, I Love Them!

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!

Ihmvcu - Meh

Friendly and helpful in person, but if you're looking for online access not so impressive. The overview page is of minimal use, it has an update column that has all the values filled into when you log in. It would have been more useful to show other info, for example, have cd's show the date it rolls over. I found the new website to be slow and requires that you accept permanent cookies rather then session cookies or you have to get a security code sent to you each time. You can only delete one message at a time.

I'll be slowly moving my stuff out and then closing my account. Great if you're looking for a brick and mortar, not so great if you're looking for online access.


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 IH Mississippi Valley Credit Union had $4.84 million in non-current loans and owned real-estate with $83.35 million in equity and loan loss allowances on hand to cover it. This gives IH Mississippi Valley Credit Union a Texas Ratio of 5.80% 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 IH Mississippi Valley Credit Union decreased dramatically from 12.61% as of March 31, 2013 to 5.80% as of March 31, 2014, resulting in a positive change of 53.97%.This indicates that the balance sheet and financial strength for IH Mississippi Valley Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, IH Mississippi Valley Credit Union has decreased its total deposits by -$24.24 million, resulting in -3% 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 below 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. IH Mississippi Valley Credit Union has $892.82 million in assets with $83.35 million in equity, resulting in a capitalization level of 9.34%, which is average.

Institution Statistics

NCUA #60337
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$892.82 million
Loans$651.26 million
Deposits$784.16 million
Equity Capital$79.56 million
Loan Loss Allowance$3.79 million
Unbacked Noncurrent Loans$2.74 million
Real Estate Owned$2.10 million
Historic Data - March 2013
Assets$894.19 million
Equity Capital$78.62 million
Loan Loss Allowance$4.45 million
Unbacked Noncurrent Loans$2.74 million
Real Estate Owned$1.69 million
Profit Margin - Quarterly
Return on Assets0.3%
Return on Equity3.38%
Interest Income$6.37 million

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

IH Mississippi Valley Credit Union Savings Account Rates

1.00%-$500Auto Savers - Qualifying
0.15%$25k-Youth Account
0.15%$25k-Savings Account
0.10%--Auto Savers - Non Qualifying

IH Mississippi Valley Credit Union Money Market Rates

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

IH Mississippi Valley Credit Union Checking Account Rates

1.76%-$25kChecking Plus - Qualifying
0.35%--Relationship Checking
0.25%$75k-Business Plus Checking
0.05%--Checking Plus - Non Qualifying

IH Mississippi Valley Credit Union CD Rates

1.76%$500-60 Month CD
1.06%$500-36 Month CD
0.75%$500-24 Month CD
0.65%$500-30 Month CD
0.55%$500-12 Month CD
0.40%$500-18 Month CD
0.35%$500-6 Month CD
0.15%$500-3 Month CD

IH Mississippi Valley Credit Union IRA Rates

1.76%$500-60 Month IRA
1.06%$500-36 Month IRA
0.75%$500-24 Month IRA
0.65%$500-30 Month IRA
0.55%$500-12 Month IRA
0.40%$500-18 Month IRA
0.35%$500-6 Month IRA
0.15%$500-3 Month IRA

IH Mississippi Valley Credit Union has 17 locations. Click to view all IH Mississippi Valley Credit Union locations.