Featured Savings Rates
Featured Accounts

IH Mississippi Valley Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
2.32%5-year CD60 Month CD
1.76%Reward CheckingChecking Plus
0.65%3-year CD30 Month CD

Overview / Commentary
309-793-6200
2121 47th St
Moline, IL 61265-3663

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 268th largest credit union in the nation. It was established in 1936 and as of June of 2016, it had grown to 270 employees and 104,191 members at 18 locations. IH Mississippi Valley Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

Membership in IH Mississippi Valley Credit Union is open to those who live or work in the Illinois counties of Bureau, Carroll, Fulton, Hancock, Henderson, Henry, Knox, Lee, Marshall, McDonough, Mercer, Ogle, Putnam, Rock Island, Schuyler, Stark, Warren or Whiteside County, and the Iowa counties of Cedar, Clinton, Des Moines, Henry, Johnson, Jones, Lee, Louisa, Muscatine or Scott.
See current membership details

Related Posts

IH Mississippi Valley CU Debuts Mega Money Market Account - 9/7/2016

IH Mississippi Valley CU (IL/IA) has added a new tiered-rate Mega Money Market Account, with top tiers earning 1.26% APY ($250k+) and 1.06% APY (100k+).

View all posts from:


Reviews (4)

IH Mississippi Valley Credit Union

When my credit union was bought out by IHMVCU I was skeptical. I stayed with the new credit union they had several different offers one of them intrigued me (free checking). I have been faithfully with them now for several years. The credit union has a do it yourself change machine once it's done your given a ticket to take to the teller this has been a nice amenity.

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

Posted by: zapeta | Jul 11, 2010

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: Anonymous | Apr 9, 2012

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.

Lots Of Drawbacks

Beware of the services you need from this credit union. Good rates the but not most up to date on technology. Still havent updated to taking payments over the phone or online for my auto loan (though they claimed that the technology was coming soon when I got my loan). Service is hit or miss and varies wildly from one branch to another. For most younger professionals that are used to doing most thing remotely definitely steer clear! 



Health
A

Health Grade Components

Overall
NCUA #60337
Year Chartered1936
Employees270
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD5.65%
Annual Interest Income$16.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$1.00B$917.8MM
LoansQ2 2016vs Q2 2015$780.5MM$684.2MM
DepositsQ2 2016vs Q2 2015$890.5MM$798.2MM
Equity CapitalQ2 2016vs Q2 2015$93.7MM$88.1MM
Secondary CapitalQ2 2016vs Q2 2015$1,000.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$2.9MM$3.1MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$2.4MM$2.1MM
Real Estate OwnedQ2 2016vs Q2 2015$1.7MM$1.9MM
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
1.00%*-$500Auto Savers
OTHER TIERS: 0.10% $500+
0.15%*$25k*-Youth Account
OTHER TIERS: 0.05% $25 - $2,500 | 0.10% $2,500 - $25k
0.15%*$25k*-Savings Account
OTHER TIERS: 0.05% $100 - $2,500 | 0.10% $2,500 - $25k

IH Mississippi Valley Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$250k*-Mega Money Market
OTHER TIERS: 0.75% $10k - $50k | 0.90% $50k - $100k | 1.06% $100k - $250k
0.30%*$150k*-Prime Reserve Money Market
OTHER TIERS: 0.05% $5k - $25k | 0.15% $25k - $150k
0.25%*$75k*-Daily Money Market
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k

IH Mississippi Valley Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.76%*-$25kChecking Plus
OTHER TIERS: 0.15% $25k+
0.35%--Relationship Checking
0.25%*$75k*-Business Plus Checking
OTHER TIERS: 0.05% $5k - $10k | 0.10% $10k - $25k | 0.15% $25k - $50k | 0.20% $50k - $75k

IH Mississippi Valley Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%$500-60 Month CD
1.66%$500-36 Month CD
1.56%$500-24 Month CD
1.11%$500-12 Month CD
0.65%$500-30 Month CD
0.50%$500-6 Month CD
0.40%$500-18 Month CD
0.35%$500-91 Days CD

IH Mississippi Valley Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.32%$500-60 Month IRA
1.66%$500-36 Month IRA
1.56%$500-24 Month IRA
1.51%$500-30 Month IRA
1.11%$500-12 Month IRA
1.06%$500-18 Month IRA
0.50%$500-6 Month IRA
0.35%$500-91 Days IRA
Locations

IH Mississippi Valley Credit Union has 18 locations. Click to view all IH Mississippi Valley Credit Union locations.