Credit Union of America is headquartered in Wichita and is the 3rd largest credit union in the state of Kansas. It is also the 343rd largest credit union in the nation. It was established in 1935 and as of March of 2020, it had grown to 226 employees and 80,560 members at 15 locations. Credit Union of America has an A health rating.
Membership in Credit Union of America is open to anyone in the state of Kansas through membership in the American Consumer Council or to the following: (1) those who live or work in Barton, Barber, Butler, Clark, Chase, Clay, Comanche, Cloud, Cowley, Edwards, Dickenson, Ellis, Ford, Ellsworth, Geary, Harvey, Harper, Hodgeman, Kiowa, Kingman, Lincoln, Marion, Lyon, McPherson, Morris, Mitchell, Osborne, Ottawa, Pratt, Pawnee, Reno, Rooks, Rice, Russell, Saline, Rush, Sedgwick, Sumner, Wabaunsee or Stafford counties in Kansas; or (2) employees and retirees in the field of education within the Kansas state of Education.
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Back in 2012 I opened up a certificate of deposit with Credit Union of America. They had a great interest rate for saving with their bank. I recently withdrew my funds because the account matured. Overall I am very happy with this credit union and would recommend it to anyone in the central point of America. It's only available in the mid west on the united states.
This is my second time banking with the Credit Union Of America. I only left the first time because I moved out of town and they didn't have services in my new home. As soon as I moved back I reopened an account with them. I have never had one issue with my checking or savings account. I'm not a rich man so my interest rates don't pay out as much as they do for a lot of folks, but they are consistent. I feel like they have my best interests in mind. For example, I had a bill change in amount recently that was set to auto-withdraw. It accidentally overdrafted my account. Speaking with them on the phone they were very helpful and erased the overdraft fee. It makes me feel like a welcome member rather than just another person who banks with them. Knowing that they care about my financial well being and my credit moving forward keeps me loyal and very happy with them.
I had previously banked with Capitol Federal and decided to switch to credit union of america after the bank started charging us fees for things we were never told about. I had heard good things about credit union of america, like that they had good interest rates for checking and savings accounts and no fees for use. This is true, and we have been very satisfied. We don't have to keep a minimum balance in our checking account, and we are allowed to have multiple savings that it is easy to transfer money between. Overdraft fees are very reasonable and uncommon because they will automatically pull from savings if we need it. There are no transfer fees. All of the people who work for the credit union are courteous and helpful and willing to take the time to explain things if i have questions. Their certificate of deposit accounts have good rates and great convenient terms.
|Return on Assets - YTD||0.42%|
|Return on Equity - YTD||3.28%|
|Annual Interest Income||$11.2MM|
|Assets and Liabilities|
|Assets||Q1 2020vs Q1 2019||$1.02B$944.5MM|
|Loans||Q1 2020vs Q1 2019||$860.8MM$765.4MM|
|Deposits||Q1 2020vs Q1 2019||$823.7MM$757.1MM|
|Equity Capital||Q1 2020vs Q1 2019||$127.5MM$118.5MM|
|Loan Loss Allowance||Q1 2020vs Q1 2019||$8.8MM$8.5MM|
|Unbacked Noncurrent Loans||Q1 2020vs Q1 2019||$7.5MM$6.6MM|
|Real Estate Owned||Q1 2020vs Q1 2019||$31.00K$65.00K|
Rates for Credit Union of America are currently being reviewed.