MidWest America Federal Credit Union

1104 Medical Park Drive
Fort Wayne, IN 46825
1-800-348-4738
www.mwafcu.org

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MidWest America Federal Credit Union is headquartered in Fort Wayne and is the 12^st largest credit union in the state of Indiana. It is also the 415^st largest credit union in the nation. It was established in 1936 and as of September of 2011, it had grown to 164 employees and 65,687 members. MidWest America Federal Credit Union has a 5-star health rating.

Midwest America FCU Raises Reward Checking Rate To 2.51% (From 2.41%) But Cuts Cap To $15K (From $25K). (Forum) - 3/1/2011

Not a big jump, but we need more banks to raise their RCA rates! I sure miss the 7.01% that we started with.

3.05% 18-Month CD at MidWest America Federal Credit Union in IN, KY & IL - 3/9/2009

MidWest America Federal Credit Union is offering a special 21-month certificate with a rate of 3.05% APY. Minimum deposit is $500. It's available as both a share and IRA certificate. Unfortunately, you can't be a new member to qualify for this deal. The...

Update on MidWest America FCU's 7.01% Reward Checking Account - 7/17/2008

Update 10/01/08: The yield has fallen to 6.31% APY.MidWest America Federal Credit Union continues to offer the nation's highest yield reward checking account. The yield is 7.01% APY for balances up to $25,000. This yield has been maintained since my...

High-Yield Reward Checking Account at an IN/KY/IL Credit Union (MidWest America) - 2/3/2008

Update 3/31/09: The top rate has fallen to 3.51% APY. Refer to the bottom of the post for the rate history.Update 10/30/08: Membership in the credit union is no longer available nationwide. See below for more details.MidWest America Federal Credit Union...

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

MidWest America Federal Credit Union Checking Account Rates

Apy	Min	Max	Product
2.41%	-	$15k	Reward Checking - Qualifyiing
0.64%	$50k	-	Liquid Gold
0.64%	$75k	-	Advanced Business Checking
0.64%	-	-	Association Checking
0.36%	$5k	-	Advantage Checking
0.11%	-	-	Reward Checking - Non Qualifying
0.10%	-	-	Y. E. S. Account

MidWest America Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.51%	-	-	Traditional Rate Share IRA
0.51%	-	-	Conversion Roth IRA
0.51%	-	-	Education Roth IRA
0.36%	$10k	-	Health Savings Account
0.15%	$200	-	Regular Shares
0.15%	$200	-	Business Share Savings
0.10%	-	-	Christmas Club
0.10%	-	-	Vacation Club
0.10%	-	-	"You Name It" Savings
0.10%	-	-	Kids Club Account

MidWest America Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.81%	$250k	-	Business Gold Money Market

MidWest America Federal Credit Union CD Rates

Apy	Min	Max	Product
1.80%	$25k	-	60 Month CD
1.45%	$10k	-	48 Month CD
1.15%	$10k	-	36 Month CD
1.00%	$10k	-	30 Month CD
0.90%	$10k	-	24 Month CD
0.65%	$10k	-	18 Month CD
0.50%	$10k	-	12 Month CD
0.35%	$10k	-	182 Days CD
0.25%	$500	-	91 Days CD
0.15%	$10k	-	1 Week CD
0.15%	$10k	-	4 Week CD

MidWest America Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.80%	$25k	-	60 Month IRA
1.80%	$25k	-	60 Month Roth IRA
1.80%	$25k	-	60 Month CESA
1.45%	$10k	-	48 Month IRA
1.45%	$10k	-	48 Month Roth IRA
1.45%	$10k	-	48 Month CESA
1.15%	$10k	-	36 Month IRA
1.15%	$10k	-	36 Month Roth IRA
1.15%	$10k	-	36 Month CESA
1.00%	$10k	-	30 Month IRA
1.00%	$10k	-	30 Month Roth IRA
1.00%	$10k	-	30 Month CESA
0.90%	$10k	-	24 Month IRA
0.90%	$10k	-	24 Month Roth IRA
0.90%	$10k	-	24 Month CESA
0.65%	$10k	-	18 Month IRA
0.65%	$10k	-	18 Month Roth IRA
0.65%	$10k	-	18 Month CESA
0.50%	$10k	-	12 Month IRA
0.50%	$10k	-	12 Month Roth IRA
0.50%	$10k	-	12 Month CESA
0.35%	$10k	-	182 Days IRA
0.35%	$10k	-	182 Days Roth IRA
0.35%	$10k	-	182 Days CESA
0.25%	$500	-	91 Days IRA
0.25%	$500	-	91 Days Roth IRA
0.25%	$500	-	91 Days CESA
0.15%	$10k	-	1 Week IRA
0.15%	$10k	-	4 Week IRA
0.15%	$10k	-	1 Week Roth IRA
0.15%	$10k	-	4 Week Roth IRA
0.15%	$10k	-	1 Week CESA
0.15%	$10k	-	4 Week CESA

Rates updated: 2/11/2012

Data for Q3 2011

Institution Statistics

MIDWEST AMERICA
NCUA #	1427
BankRate Report	View
Year Established	1936
Employees	164
Primary Regulator
Assets and Liabilities
Assets	$462.85 million
Loans	$319.04 million
Deposits	$403.86 million
Equity Capital	$53.70 million
Loan Loss Allowance	$2.83 million
Unbacked Noncurrent Loans	$1.93 million
Real Estate Owned	$69,000
Historic Data - September 2010
Assets	$459.37 million
Equity Capital	$50.96 million
Loan Loss Allowance	$2.24 million
Unbacked Noncurrent Loans	$2.77 million
Real Estate Owned	$172,000
Profit Margin - Quarterly
Net Interest Margin	3.37%
Return on Assets	0.64%
Return on Equity	5.48%
Interest Income	$14.99 million
Non-Interest Income	$4.59 million

Institution Health

Overall Score:

5 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 September 30, 2011 MidWest America Federal Credit Union had $1.99 million in non-current loans and owned real-estate with $56.53 million in equity and loan loss allowances on hand to cover it. This gives MidWest America Federal Credit Union a Texas Ratio of 3.53% 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 MidWest America Federal Credit Union decreased slightly from 5.52% as of September 30, 2010 to 3.53% as of September 30, 2011, resulting in a positive change of 36.10%.This indicates that the balance sheet and financial strength for MidWest America Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, MidWest America Federal Credit Union has increased its total deposits by $615,000, resulting in 0.15% 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 MidWest America Federal Credit Union has shown is average.
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. MidWest America Federal Credit Union has $462.85 million in assets with $56.53 million in equity, resulting in a capitalization level of 12.21%, which is excellent.