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847-342-9300
3350 W Salt Creek Ln Ste 100
Arlington Heigh, IL 60005

Meadows Credit Union is headquartered in ARLINGTON HEIGH and is the 44th largest credit union in the state of Illinois. It is also the 1,445th largest credit union in the nation. It was established in 1941 and as of December of 2013, it had grown to 31 employees and 10,353 members. Meadows Credit Union has a C+ health rating.

Field of Membership Restrictions

Eligibility requires that you work at any of our 400 Corporate Partner Companies or are related to a current MCU member or you live or work within the boundaries of the MCU Community Charter area. - See Details

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Reviews (1)

Great Rates And Service

Meadows Credit Union offers competitive interest rates and provide excellent customer service. It is much more satisfying and stress-free to work with Meadows then the major banks and they offer higher interest rates then online banks. The credit card rates are fair and they also allow you to scan checks for deposit. The wait times in the office and on the phone are longer then at the larger banks but the service is better.



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
B

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 Meadows Credit Union had $1.38 million in non-current loans and owned real-estate with $6.28 million in equity and loan loss allowances on hand to cover it. This gives Meadows Credit Union a Texas Ratio of 21.99% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Meadows Credit Union decreased slightly from 28.95% as of December 31, 2012 to 21.99% as of December 31, 2013, resulting in a positive change of 24.03%.This indicates that the balance sheet and financial strength for Meadows Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Meadows Credit Union has decreased its total deposits by -$2.88 million, resulting in -2.83% 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 Meadows Credit Union has shown is below average.

Capitalization

GRADE:
C-

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. Meadows Credit Union has $104.68 million in assets with $6.28 million in equity, resulting in a capitalization level of 5.99%, which is below average.

Institution Statistics

Overall
NCUA #61639
Year Chartered1941
Employees31
Primary Regulator
Assets and Liabilities
Assets$104.68 million
Loans$78.08 million
Deposits$98.79 million
Equity Capital$5.51 million
Loan Loss Allowance$768,000
Unbacked Noncurrent Loans$558,000
Real Estate Owned$822,000
Historic Data - December 2012
Assets$106.93 million
Equity Capital$4.91 million
Loan Loss Allowance$709,000
Unbacked Noncurrent Loans$558,000
Real Estate Owned$1.24 million
Profit Margin - Quarterly
Net Interest Margin4.27%
Return on Assets0.66%
Return on Equity12.55%
Interest Income$3.60 million
Rates

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

Meadows Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--Health Savings Account
0.03%--Membership Savings
0.03%--Regular Savings
0.03%--Christmas Club
0.03%--IRA Savings Plan
0.03%--Roth IRA Savings Plan
0.03%--Business Savings

Meadows Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.05%$1,500-Tiered Money Market
0.05%$1,500-Business Tiered Money Market

Meadows Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%-$25kMCU Checking
0.05%-$25kMCU Checking
0.01%--MCU Checking

Meadows Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-2 Year HSA Certificate
0.05%$500-30 Month HSA Certificate
0.05%$500-3 Year HSA Certificate
0.05%$500-4 Year HSA Certificate
0.05%$500-5 Year HSA Certificate

Meadows Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-2 Year IRA Certificate (Traditional,Roth)
0.05%$500-30 Month IRA Certificate (Traditional,Roth)
0.05%$500-3 Year IRA Certificate (Traditional,Roth)
0.05%$500-4 Year IRA Certificate (Traditional,Roth)
0.05%$500-5 Year IRA Certificate (Traditional,Roth)
Locations


Meadows Credit Union Locations
Branch Office3350 W Salt Creek Ln Ste 100Arlington Heights, IL 60005-1089