IH Mississippi Valley Credit Union


Overview / Commentary
309-793-6200
2500 River Dr
Moline, IL 61265

IH Mississippi Valley Credit Union is headquartered in Moline and is the 6th largest credit union in the state of Illinois. It is also the 223rd largest credit union in the nation. It was established in 1936 and as of December of 2023, it had grown to 421 employees and 143,655 members at 14 locations. IH Mississippi Valley Credit Union's money market rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

Membership in IH Mississippi Valley Credit Union is open to those who live or work in 29 Illinois counties (Bureau, Carroll, DeKalb, DeWitt, DuPage, Fulton, Hancock, Henderson, Henry, Jo Davies, Kane, Knox, LaSalle, Lee, Marshall, McDonough, McHenry, McLean, Mercer, Ogle, Peoria, Putnam, Rock Island, Schuyler, Stark, Tazewell, Warren, Whiteside or Woodford) or 20 Iowa counties (Benton, Cedar, Clinton, Delaware, Des Moines, Dubuque, Henry, Iowa, Jackson, Jasper, Johnson, Jones, Lee, Linn, Louisa, Muscatine, Polk, Poweshiek, Scott or Washington).
See current membership details

Best Customer Service!

My husband and I just recently changed banking to IHMVCU at 2839 AAA Court, Bettendorf, Iowa, and I can't believe the wonderful service we received already. We had trouble with an account from our precious bank, and Darcy Canas, Assistant Branch Manager, went above and beyond helping us settle our concerns. She literally called our previous bank AND went as far as calling customer service for us, just to settle a problem we were having with our previous bank. She got it resolved, and we can't thank her enough. IHMVCU for life!! Thanks Darcy Canas!!
Marc P.

IH Mississippi Valley Credit Union - In Short, I Love Them!

Posted by: |

If you are lucky enough to be in an area served by IH Mississippi Valley Credit Union and are looking for a bank or CU, my advice is to look no further.  I've been banking with them since 1995 when my parents opened a savings account for me.  I've since had their free checking and more recently their reward checking (Checking Plus) accounts. The thing that I've been consistently impressed with, especially compared to other financial institutions I've used is their service.  It has always been a pleasure to visit a branch...they are efficient and friendly!  In the past few years I've moved several times and have dealt with some of their customer service staff on the phone since I was too far away to make a branch visit, and again they were friendly and efficient.  I am planning a cross-country move and I am planning on continuing to use my IH account because I just don't think they can be beat.

Opening an account is a fairly easy process.  You have to open a savings account with at least $5.00, and that $5.00 must remain in the account as long as you have any accounts with them.  Once you've done that you can take advantage of their other accounts such as rewards checking.  The rewards checking (Checking Plus) account was paying 5.01% for a while but has been 4.01% for maybe a year now and this higher rate applies to the first $25,000 in the account.  If you don't qualify or whatever you have over $25k earns 0.25%.  They haven't tried any gotcha tricks with me about qualifying for the high rate.  As long as you receive e-statements, make 12 debit card transactions (pin or signature based both count) and have one direct deposit or electronic transaction, you qualify for the rate.  The nice thing is that if you don't want to get your paycheck by direct deposit to this account, any other electronic payments do count towards the direct deposit requirement.  For example, if I pay my power bill or credit card online through their websites, IH views this as an electronic transaction and that counts towards that requirement.  They will also refund up to $25.00 of ATM fees a month and they tell you on your monthly statement how big your refund will be so you can figure that in.  In short, it's easy for me to qualify each month just doing the transactions I'd do anyway.

I hope this will help you with your account decisions, but I don't think you can go wrong with IHMVCU!

Ihmvcu - Meh

Posted by: |

Friendly and helpful in person, but if you're looking for online access not so impressive. The overview page is of minimal use, it has an update column that has all the values filled into when you log in. It would have been more useful to show other info, for example, have cd's show the date it rolls over. I found the new website to be slow and requires that you accept permanent cookies rather then session cookies or you have to get a security code sent to you each time. You can only delete one message at a time.

I'll be slowly moving my stuff out and then closing my account. Great if you're looking for a brick and mortar, not so great if you're looking for online access.

Beware Not A Good Credit Union To Deal With At All

Posted by: |

I have a credit card as well as auto loan through this bogus ass credit union. I’ve spoken with several representatives all appear to be extremely rude as well as racist. I’ve become a victim of credit card fraud, after filing a dispute. I was told that I would be responsible for the charges. Who pays for fraudulent transactions on there credit card. The problem seems to stem from them not handling there own credit card processing. Everything becomes a run around with this credit Union. Pls stay away.

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Health

Health Grade Components

Overall
NCUA #60337
Year Chartered1936
Employees421
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD5.58%
Annual Interest Income$98.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.14B$2.04B
LoansQ4 2023vs Q4 2022$1.69B$1.69B
DepositsQ4 2023vs Q4 2022$1.81B$1.68B
Equity CapitalQ4 2023vs Q4 2022$175.5MM$164.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$25.8MM$20.3MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$30.3MM$19.3MM
Real Estate OwnedQ4 2023vs Q4 2022$104K$236K
Rates
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Always verify rates and promotions with the bank or credit union. We are not IH Mississippi Valley Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

IH Mississippi Valley Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$2.5kBalance Builder Savings
OTHER TIERS: 0.10% $2.5k - $25k | 0.15% $25k+
0.20%--Health Savings Account
0.15%*$25k*-Youth Account
OTHER TIERS: 0.05% $25 - $2.5k | 0.10% $2.5k - $25k
0.15%*$25k*-Savings Account
OTHER TIERS: 0.05% Up to $2.5k | 0.10% $2.5k - $25k

IH Mississippi Valley Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%*$250k*-Mega Money Market
OTHER TIERS: 0.25% $2.5k - $10k | 0.70% $10k - $50k | 0.75% $50k - $100k | 0.85% $100k - $250k
1.05%*$250k*-IRA Mega Money Market
OTHER TIERS: 0.25% $2.5k - $10k | 0.70% $10k - $50k | 0.75% $50k - $100k | 0.85% $100k - $250k

IH Mississippi Valley Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*-$5kBalance Builder Checking
OTHER TIERS: 0.15% $5k+
1.76%-$25kChecking Plus

IH Mississippi Valley Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.95%$250-9 Month Anytime Access CD
2.25%$250-24 Month CD
2.00%$250-18 Month CD
1.90%$250-12 Month CD
1.90%$250-60 Month CD
1.80%$250-48 Month CD
1.75%$250-36 Month CD
0.95%$250-6 Month CD
0.55%$250-91 Day CD

IH Mississippi Valley Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%$250-24 Month IRA
2.00%$250-18 Month IRA
1.90%$250-12 Month IRA
1.90%$250-60 Month IRA
1.80%$250-48 Month IRA
1.75%$250-36 Month IRA
Locations

Availability



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