Mid American Credit Union

8404 West Kellogg Drive
Wichita, KS 67209
(316) 722-3921
www.midamerican.coop

NCUA

OverView
Rates
Health
Reviews

Mid American Credit Union is headquartered in Wichita and is the 8^th largest credit union in the state of Kansas. It is also the 886^th largest credit union in the nation. It was established in 1936 and as of March of 2013, it had grown to 67 employees and 28,542 members. Mid American Credit Union's savings rates are 3X the national average, and it has a 4-star health rating.

Mid American Credit Union Routing Number: 301180124

Competitive 5-Year CD Rate at Mid American Credit Union in Kansas - 8/9/2012

Mid American Credit Union is offering a competitive rate on its 5-year CD and IRA CD. It has a 2.10% APY for a minimum deposit of $1,000. The 3-year CD rate is also competitive with a 1.55% APY. These ...

3.25% 20-Month CD at Mid American Credit Union in Kansas - 3/20/2009

Mid American Credit Union is offering a special 20-month certificate with a 3.25% APY. Minimum deposit is $1,000. It's also available as an IRA certificate (both Roth and Traditional). The special is listed on the credit union's front page and at the top...

Report an Issue

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

Mid American Credit Union Checking Account Rates

Apy	Min	Max	Product
1.00%	-	$1k	e-Checking - Qualifying
1.00%	-	$1k	Business e-Checking
0.25%	-	-	Preferred Youth Checking Account
0.15%	$500	-	Checking Plus

Mid American Credit Union Savings Account Rates

Apy	Min	Max	Product
1.30%	$1k	-	5 Year HSA
1.10%	$1k	-	4 Year HSA
0.90%	$1k	-	3 Year HSA
0.70%	$1k	-	2 Year HSA
0.60%	$500	-	Payroll Plus Savings
0.60%	$500	-	Payroll Plus IRA Savings
0.60%	$500	-	Payroll Plus Roth IRA Savings
0.60%	$1k	-	18 Month HSA
0.55%	$1m	-	IRA Savings
0.55%	$1m	-	Roth IRA Savings
0.55%	$1m	-	Health Savings Account
0.55%	$1m	-	CESA Savings
0.50%	-	-	Preferred Youth Savings
0.50%	$1k	-	1 Year HSA
0.30%	$1k	-	6 Month HSA
0.25%	-	-	Christmas Club Savings
0.25%	-	-	Vacation Savings
0.10%	$100	-	Basic Membership Savings
0.10%	-	-	Life Insurance Savings
0.10%	-	-	Vacation Fund
0.10%	-	-	Business Basic Savings

Mid American Credit Union Money Market Rates

Apy	Min	Max	Product
0.55%	$1m	-	Money Market Account
0.55%	$1m	-	Business Money Market

Mid American Credit Union CD Rates

Apy	Min	Max	Product
1.30%	$1k	-	5 Year CD
1.10%	$1k	-	4 Year CD
1.00%	$100	-	Pay Day Certificate
0.90%	$1k	-	3 Year CD
0.70%	$1k	-	2 Year CD
0.60%	$1k	-	18 Month CD
0.50%	$100	-	12 Month Youth Add On CD
0.50%	$1k	-	1 Year CD
0.30%	$1k	-	6 Month CD

Mid American Credit Union IRA Rates

Apy	Min	Max	Product
1.30%	$1k	-	5 Year IRA
1.30%	$1k	-	5 Year Roth IRA
1.30%	$500	-	5 Year CESA
1.30%	$1k	-	5 Year SEP
1.10%	$1k	-	4 Year IRA
1.10%	$1k	-	4 Year Roth IRA
1.10%	$500	-	4 Year CESA
1.10%	$1k	-	4 Year SEP
1.00%	$100	-	Pay Day Certificate IRA
1.00%	$100	-	Pay Day Certificate Roth IRA
0.90%	$1k	-	3 Year IRA
0.90%	$1k	-	3 Year Roth IRA
0.90%	$500	-	3 Year CESA
0.90%	$1k	-	3 Year SEP
0.70%	$1k	-	2 Year IRA
0.70%	$1k	-	2 Year Roth IRA
0.70%	$500	-	2 Year CESA
0.70%	$1k	-	2 Year SEP
0.60%	$1k	-	18 Month IRA
0.60%	$1k	-	18 Month Roth IRA
0.60%	$500	-	18 Month CESA
0.60%	$1k	-	18 Month SEP
0.50%	$1k	-	1 Year IRA
0.50%	$1k	-	1 Year Roth IRA
0.50%	$500	-	1 Year CESA
0.50%	$1k	-	1 Year SEP
0.30%	$1k	-	6 Month IRA
0.30%	$1k	-	6 Month Roth IRA
0.30%	$500	-	6 Month CESA
0.30%	$1k	-	6 Month SEP

Rates updated: 6/19/2013

Data for Q1 2013

Institution Statistics

MID AMERICAN
NCUA #	65378
BankRate Report	View
Year Chartered	1936
Employees	67
Primary Regulator
Assets and Liabilities
Assets	$208.72 million
Loans	$181.06 million
Deposits	$171.11 million
Equity Capital	$18.86 million
Loan Loss Allowance	$1.06 million
Unbacked Noncurrent Loans	$1.32 million
Real Estate Owned	$416,000
Historic Data - March 2012
Assets	$173.52 million
Equity Capital	$16.60 million
Loan Loss Allowance	$1.09 million
Unbacked Noncurrent Loans	$817,000
Real Estate Owned	$865,000
Profit Margin - Quarterly
Net Interest Margin	1.05%
Return on Assets	0.92%
Return on Equity	10.16%
Interest Income	$2.29 million
Non-Interest Income	$1.00 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 March 31, 2013 Mid American Credit Union had $1.74 million in non-current loans and owned real-estate with $19.92 million in equity and loan loss allowances on hand to cover it. This gives Mid American Credit Union a Texas Ratio of 8.73% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Mid American Credit Union held steady from 9.51% as of March 31, 2012 to 8.73% as of March 31, 2013, resulting in a positive change of 8.18%.This indicates that the balance sheet and financial strength for Mid American Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Mid American Credit Union has increased its total deposits by $27.65 million, resulting in 19.27% 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 Mid American Credit Union has shown is excellent.
Capitalization
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. Mid American Credit Union has $208.72 million in assets with $19.92 million in equity, resulting in a capitalization level of 9.54%, which is average.