Meridian Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
1.25%	5-year CD	5 Year Share Certificate 2.35% - Synchrony Bank 60 Month CD
0.60%	1-year CD	1 Year Share Certificate 1.40% - Synchrony Bank 12 Month CD
0.10%	Savings	Primary Share 1.20% - Synchrony Bank High Yield Savings

View all Meridian Credit Union rates »

Overview / Commentary

www.mymeridiancu.org

888-632-9082

1206 N Jefferson St
Ottumwa, IA 52501

Meridian Credit Union is headquartered in Ottumwa and is the 47^th largest credit union in the state of Iowa. It is also the 3,022^nd largest credit union in the nation. It was established in 1952 and as of March of 2017, it had grown to 6 employees and 3,310 members at 1 location. Meridian Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to those who live or work in Davis, Appanoose, Jefferson, Mahaska, Keokuk, Monroe, Van Buren and Wapello Counties in Iowa.
See current membership details

Reviews

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Health

C+

Data as of Q1 2017

Learn why bank health matters

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. Meridian Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #	64212
Year Chartered	1952
Employees	6
Primary Regulator

Profit Margin
Return on Assets - YTD	0.17%
Return on Equity - YTD	1.16%
Annual Interest Income	$201.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$28.4MM$31.0MM
Loans	Q1 2017vs Q1 2016	$10.9MM$12.3MM
Deposits	Q1 2017vs Q1 2016	$24.2MM$26.9MM
Equity Capital	Q1 2017vs Q1 2016	$4.1MM$4.1MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$104.00K$103.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$300.00K$135.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Checking
CD
IRA

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

Meridian Credit Union Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.50%	-	-	IRA Account
0.20%	-	-	Kirby Kangaroo Club
0.20%	-	-	CU Succeed Account
0.10%	$25	-	Primary Share

Meridian Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	-	-	High Yield Checking Account
0.05%	$20	-	Share Draft Account

Meridian Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	5 Year Share Certificate
1.00%^*	$10k^*	-	2 Year Share Certificate
OTHER TIERS: 0.70% → $1k - $10k
0.60%^*	$25k^*	-	1 Year Share Certificate
OTHER TIERS: 0.50% → $1k - $25k
0.40%	$500	-	9 Month Share Certificate
0.35%	$1k	-	6 Month Share Certificate

Meridian Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.25%	$1k	-	5 Year Share IRA CD
1.00%^*	$10k^*	-	2 Year Share IRA CD
OTHER TIERS: 0.70% → $1k - $10k
0.60%^*	$25k^*	-	1 Year Share IRA CD
OTHER TIERS: 0.50% → $1k - $25k
0.40%	$500	-	9 Month Share IRA CD
0.35%	$1k	-	6 Month Share IRA CD

Locations

Meridian Credit Union Locations
Branch Office	1206 N Jefferson St	Ottumwa, IA 52501-2020