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

Meritrust Credit Union

Meritrust Credit Union Locations
8710 E 32nd St N
Wichita, KS 67226
800.342.9278
www.meritrustcu.org



Meritrust Credit Union is headquartered in Wichita and is the largest credit union in the state of Kansas. It is also the 257th largest credit union in the nation. It was established in 1935 and as of December of 2011, it had grown to 190 employees and 75,970 members. Meritrust Credit Union's savings rates are 4X the national average, and it boasts a 5-star health rating.

Meritrust Credit Union Routing Number: 301180292

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Top 5-Year CD Rate in Kansas at Meritrust Credit Union - Local Only - 1/18/2012

Meritrust Credit Union did something rare in today's environment. It increased the yield on its 5-year share certificate from 2.00% to 2.50% APY. That's now a very competitive rate. The rates on the s ...

Top Long-Term CD Rates at Meritrust Credit Union in Kansas - Local Only - 6/30/2011

Meritrust Credit Union currently has several good CD deals especially on long-term CDs. The rates actually went up considerably last week. Hopefully, they will hold for a while, but I wasn't able to g ...



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

Meritrust Credit Union Checking Account Rates

ApyMinMaxProduct
0.15%$50k-Roam Free Checking
0.15%$50k-Green Account

Meritrust Credit Union Savings Account Rates

ApyMinMaxProduct
2.00%--IRA Share
2.00%--Roth IRA Shares
2.00%--CESA Share
0.75%-$10kChristmas Club
0.75%-$10kVacation Club
0.15%$500-Membership Savings
0.15%$500-Millionaires Club
0.15%$500-College and Careers
0.15%$500-My Money Zone

Meritrust Credit Union Money Market Rates

ApyMinMaxProduct
0.62%$100k-Pinnacle Select Money Market
0.25%$5k-Member Select Money Market

Meritrust Credit Union CD Rates

ApyMinMaxProduct
1.85%$500-5 Year Share CD
1.40%$500-3 Year Share CD
1.00%$500-2 Year Share CD
0.80%$500-18 Month Share CD
0.50%$500-1 Year Share CD
0.35%$500-6 Month Share CD
0.30%$500-3 Month Share CD

Meritrust Credit Union IRA Rates

ApyMinMaxProduct
1.85%$500-5 Year Share IRA
1.85%$500-5 Year Share Roth IRA
1.85%$500-5 Year Share CESA
1.40%$500-3 Year Share IRA
1.40%$500-3 Year Share Roth IRA
1.40%$500-3 Year Share CESA
1.00%$500-2 Year Share IRA
1.00%$500-2 Year Share Roth IRA
1.00%$500-2 Year Share CESA
0.80%$500-18 Month Share IRA
0.80%$500-18 Month Share Roth IRA
0.80%$500-18 Month Share CESA
0.50%$500-1 Year Share IRA
0.50%$500-1 Year Share Roth IRA
0.50%$500-1 Year Share CESA
0.35%$500-6 Month Share IRA
0.35%$500-6 Month Share Roth IRA
0.35%$500-6 Month Share CESA
0.30%$500-3 Month Share IRA
0.30%$500-3 Month Share Roth IRA
0.30%$500-3 Month Share CESA

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


MERITRUST
NCUA #63283
BankRate ReportView
Year Chartered1935
Employees190
Primary Regulator

Assets and Liabilities

Assets$760.04 million
Loans$595.96 million
Deposits$629.98 million
Equity Capital$75.54 million
Loan Loss Allowance$4.97 million
Unbacked Noncurrent Loans$3.79 million

Historic Data - December 2010

Assets$699.31 million
Equity Capital$70.07 million
Loan Loss Allowance$6.30 million
Unbacked Noncurrent Loans$6.15 million

Profit Margin - Quarterly

Net Interest Margin5.31%
Return on Assets0.96%
Return on Equity9.66%
Interest Income$41.67 million
Non-Interest Income$8.69 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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, 2011 Meritrust Credit Union had $3.79 million in non-current loans and owned real-estate with $80.51 million in equity and loan loss allowances on hand to cover it. This gives Meritrust Credit Union a Texas Ratio of 4.71% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Meritrust Credit Union decreased significantly from 8.05% as of December 31, 2010 to 4.71% as of December 31, 2011, resulting in a positive change of 41.53%.This indicates that the balance sheet and financial strength for Meritrust Credit Union has improved significantly in recent periods.
Deposit Growth5
In the past year, Meritrust Credit Union has increased its total deposits by $54.66 million, resulting in 9.5% 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 Meritrust Credit Union has shown is excellent.
Capitalization4
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. Meritrust Credit Union has $760.04 million in assets with $80.51 million in equity, resulting in a capitalization level of 10.59%, which is above average.
Write Review

They Are Not Reliable
1 stars - amber - Monday, November 21, 2011 - 2:17 PM

They are constantly changing thier hours and when it affects your deposits and causes you to be overdraft they only want to do the minimum fix that they can, and you have to watch that because alot of times they will tell you they are taking care of it and never do. i am at this time looking for a different bank.

4

Auto Loan NIGHTMARE
1 stars - erickr613 - Tuesday, April 3, 2012 - 9:00 AM

We were approved by them through our dealer for our auto loan. We have had NOTHING but headaches. They kept telling us they didn't have our insurance on file even though we sent it to them 5 times. We received a letter saying they were going to tack on $2400 in CPI to our loan so we faxed it yet again. We find out later the CPI was tacked on without notice. When we finally were able to get to the bottom of it they tell u they had the insurance on file it just has the wrong lein holder. It would have been nice if someone called us....during the debacle they REFUSED TO CONTINUE TAKING OUR PAYMENT!!! I have never heard of a loan company refusing payment..They are rude and ill equiped to deal with customers.....Their agents are unprofessional and very rarely have the answers. I was told I was being rude for asking an agent if he would be upset if he were in my position. If you can't handle upset customers don't work for a sheisty bank....the Newest developement I mailed them a check 2 weeks ago and it has yet to come out of my account.....Need Less to say as soon as the CPI is fixed and refunded we are refinancing our loan.......I AM DONE WITH THIS PLACE! 

2

Think Twice And Read The Link
1 stars - nunyabeezknees - Thursday, February 17, 2011 - 11:47 AM

I strongly advise anyone considering this bank to read this...
http://finance.yahoo.c...

Meritrust are masters of banking in their favor and have little to no regard for customers who live on moderate income.

if you opt for overdraft protection connected to a savings account be prepared for 42.00 overdraft charges...32.00 for the overdraft plus an additional "transfer fee" from your savings account to cover the overdraft

By the way, if you think it won't happen to you...Meritrust processes ALL deductions for the business day before they process any deposits, and have,at times, withdrawn automatic deductions at their pleasure as much as 5 days before they are due to be paid out...

yesterday my wife and I received a mortage check for a significant amount to purchase another property..Meritrust wouldn't honor it,even drawn off another bank, they told us there would be a 7 day "hold" on the entire amount. We had to go to another bank to get cashier's checks to cover the closing cost of the property we are due to close in 2 days..

needless to say, after the amount of closing, we have a separate cashiers check for the remaining balance of the mortgage and IT WILL NOT BE DEPOSITED WITH MERITRUST! We will be opening a new account with another bank with better practices...we are finished with Meritrust and will be phasing out our business with them until we are able to close our accounts completely

2