Midwest Associates Credit Union
Midwest Associates Credit Union is headquartered in Mason and is the 269th largest credit union in the state of Ohio. It is also the 5,472nd largest credit union in the nation. It was established in 1977 and as of December of 2011, it had grown to employees and 1,841 members. Midwest Associates Credit Union has a 5-star health rating.
See Rates for: Savings |
CD |
IRA
Midwest Associates Credit Union Savings Account Rates
|
Apy | Min | Max | Product |
| 0.50% | - | - | IRA Savings Account |
| 0.15% | $100 | - | Savings Account |
| 0.15% | $250 | - | Tax Account |
| 0.15% | $250 | - | Christmas Club Account |
| 0.15% | $250 | - | Vacation Club Account |
| 0.15% | $250 | - | Loan Reserve Account |
Midwest Associates Credit Union CD Rates
|
Apy | Min | Max | Product |
| 1.00% | $500 | - | 24 Month CD |
| 0.85% | $500 | - | 12 Month CD |
| 0.75% | $500 | - | 9 Month CD |
| 0.65% | $500 | - | 6 Month CD |
Midwest Associates Credit Union IRA Rates
|
Apy | Min | Max | Product |
| 1.00% | $500 | - | 24 Month IRA CD |
| 0.85% | $500 | - | 12 Month IRA CD |
| 0.75% | $500 | - | 9 Month IRA CD |
| 0.65% | $500 | - | 6 Month IRA CD |
Rates updated: 5/27/2012
Data for Q4 2011
Institution Statistics
| MIDWEST ASSOCIATES | | NCUA # | 22915 | | BankRate Report | View | | Year Chartered | 1977 | | Employees | 0 | | Primary Regulator | |
Assets and Liabilities | | Assets | $5.21 million | | Loans | $2.96 million | | Deposits | $4.82 million | | Equity Capital | $382,000 | | Loan Loss Allowance | $49,000 |
Historic Data - December 2010 | | Assets | $5.10 million | | Equity Capital | $319,000 | | Loan Loss Allowance | $142,000 | | Unbacked Noncurrent Loans | $29,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.83% | | Return on Assets | 1.21% | | Return on Equity | 16.49% | | Interest Income | $197,000 | | Non-Interest Income | $60,000 |
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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 December 31, 2011 Midwest Associates Credit Union had $0 in non-current loans and owned real-estate with $431,000 in equity and loan loss allowances on hand to cover it. This gives Midwest Associates Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth |  | | In the past year, Midwest Associates Credit Union has increased its total deposits by $51,000, resulting in 1.07% 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 Associates Credit Union has shown is above 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 Associates Credit Union has $5.21 million in assets with $431,000 in equity, resulting in a capitalization level of 8.27%, which is average. |
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