Med5 Federal Credit Union

Overview / Commentary
4956 5Th St
Rapid City, SD 57701

Med5 Federal Credit Union is headquartered in Rapid City and is the 11th largest credit union in the state of South Dakota. It is also the 1,829th largest credit union in the nation. It was established in 1966 and as of June of 2020, it had grown to 23 employees and 6,288 members at 3 locations. Med5 Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership to Med5 Federal Credit Union is open to those who live, work, worship, attend school, or own a business in Pennington County, South Dakota. Family members of existing members and employees of the credit union may also join.
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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Med5 Federal Credit Union has a relatively low asset base.

Health Grade Components

NCUA #17224
Year Chartered1966
Primary Regulator
Profit Margin
Return on Assets - YTD0.4%
Return on Equity - YTD4.83%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$88.8MM$77.8MM
LoansQ2 2020vs Q2 2019$74.8MM$66.5MM
DepositsQ2 2020vs Q2 2019$75.5MM$62.5MM
Equity CapitalQ2 2020vs Q2 2019$7.0MM$6.7MM
Loan Loss AllowanceQ2 2020vs Q2 2019$252.00K$148.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$42.00K$31.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Med5 Federal Credit Union Savings Account Rates

0.20%*$50k*-Regular Shares
OTHER TIERS: 0.05% $200 - $3k | 0.10% $3k - $20k | 0.15% $20k - $50k
0.05%$200-All Other Shares

Med5 Federal Credit Union Checking Account Rates

0.25%*$100k*-Grand Account Checking
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $20k | 0.15% $20k - $50k | 0.20% $50k - $100k

Med5 Federal Credit Union CD Rates

0.95%$1k-48 Month CD w/ Bump
0.75%$1k-36 Month CD w/ Bump
0.65%$1k-24 Month CD w/ Bump
0.55%$1k-18 Month CD w/ Bump
0.45%$1k-12 Month CD w/ Bump
0.15%$1k-6 Month CD

Med5 Federal Credit Union IRA Rates

0.95%$1k-48 Month IRA w/ Bump
0.75%$1k-36 Month IRA w/ Bump
0.65%$1k-24 Month IRA w/ Bump
0.55%$1k-18 Month IRA w/ Bump
0.45%$1k-12 Month IRA w/ Bump
0.15%$1k-6 Month IRA

Med5 Federal Credit Union Locations
Branch Office4956 5th StRapid City, SD 57701
Branch Office2300 W Main StRapid City, SD 57702
Branch Office353 Fairmont BlvdRapid City, SD 57701

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