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Overview / Commentary
316-722-3921
8404 W Kellogg Dr
Wichita, KS 67209-1845

Mid American Credit Union is headquartered in Wichita and is the 8th largest credit union in the state of Kansas. It is also the 855th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 71 employees and 34,022 members. Mid American Credit Union's CD rates are 11% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Eligible members are those who live, work or worship in one of many counties in Kansas. Members of Consumers United Program and family members of Mid American Credit Union members (spouse, parent, stepparent, grandparent, child, step-child, sibling, grandchild or former spouse) are also eligible to join. - See Details

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

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 Mid American Credit Union had $2.08 million in non-current loans and owned real-estate with $21.57 million in equity and loan loss allowances on hand to cover it. This gives Mid American Credit Union a Texas Ratio of 9.64% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Mid American Credit Union experienced no significant changes from 8.73% as of March 31, 2013 to 9.64% as of March 31, 2014, resulting in a negative change of 10.42%. This indicates that the balance sheet and financial strength for Mid American Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Mid American Credit Union has increased its total deposits by $14.32 million, resulting in 8.37% 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

GRADE:
B

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 $226.08 million in assets with $21.57 million in equity, resulting in a capitalization level of 9.54%, which is above average.

Institution Statistics

Overall
NCUA #65378
Year Chartered1936
Employees71
Primary Regulator
Assets and Liabilities
Assets$226.09 million
Loans$207.71 million
Deposits$185.43 million
Equity Capital$20.38 million
Loan Loss Allowance$1.20 million
Unbacked Noncurrent Loans$1.77 million
Real Estate Owned$306,000
Historic Data - March 2013
Assets$208.72 million
Equity Capital$18.86 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$1.77 million
Real Estate Owned$416,000
Profit Margin - Quarterly
Net Interest Margin1.05%
Return on Assets0.45%
Return on Equity5.03%
Interest Income$2.56 million
Rates

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

Mid American Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%--Preferred Youth Savings
0.30%$1m-IRA Savings
0.30%$1m-Roth IRA Savings
0.30%$1m-Health Savings Account
0.30%$1m-CESA Savings
0.30%$500-Payroll Plus Savings
0.30%$500-Payroll Plus IRA Savings
0.30%$500-Payroll Plus Roth IRA Savings
0.15%--Christmas Club Savings
0.15%--Vacation Savings
0.03%$100-Basic Membership Savings
0.03%--Life Insurance Savings
0.03%--Business Basic Savings

Mid American Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$1m-Money Market Account
0.30%$1m-Business Money Market

Mid American Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.50%-$1ke-Checking - Qualifying
0.50%-$1kBusiness e-Checking
0.15%--Preferred Youth Checking Account
0.15%--Freedom Youth Checking
0.15%--FirstStep Youth Checking Account
0.05%$500-Checking Plus

Mid American Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-5 Year CD
1.50%$1k-5 Year HSA
1.10%$1k-4 Year CD
1.10%$1k-4 Year HSA
1.00%$100-Pay Day Certificate
1.00%$500-3 Year Market Index Certificate
1.00%$500-5 Year Market Index Certificate
0.90%$1k-3 Year CD
0.90%$1k-3 Year HSA
0.70%$1k-2 Year CD
0.70%$1k-2 Year HSA
0.60%$1k-18 Month CD
0.60%$1k-18 Month HSA
0.50%$100-12 Month Youth Add On CD
0.50%$1k-1 Year CD
0.50%$1k-1 Year HSA
0.30%$1k-6 Month CD
0.30%$1k-6 Month HSA

Mid American Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.50%$1k-5 Year IRA
1.50%$500-5 Year CESA
1.10%$1k-4 Year IRA
1.10%$500-4 Year CESA
1.00%$100-Pay Day Certificate IRA
0.90%$1k-3 Year IRA
0.90%$500-3 Year CESA
0.70%$1k-2 Year IRA
0.70%$500-2 Year CESA
0.60%$1k-18 Month IRA
0.60%$500-18 Month CESA
0.50%$1k-1 Year IRA
0.50%$500-1 Year CESA
0.30%$1k-6 Month IRA
0.30%$500-6 Month CESA
Locations


Mid American Credit Union Locations
Branch Office8404 W Kellogg DrWichita, KS 67209-1845
Branch Office525 N Main StWichita, KS 67203-3703
Branch Office114 W 5th StLarned, KS 67550-3043
Branch Office1610 N Summit StArkansas City, KS 670053917
Branch Office2993 N Webb RdWichita, KS 67226