Meridian Credit Union


Overview / Commentary
641-684-4207
1206 N Jefferson St
Ottumwa, IA 52501

Meridian Credit Union is headquartered in Ottumwa and is the 45th largest credit union in the state of Iowa. It is also the 2,857th largest credit union in the nation. It was established in 1952 and as of June of 2022, it had grown to 4 employees and 2,160 members at 2 locations. Meridian Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership in Meridian Credit Union is open to those who live or work in the Iowa counties of Appanoose, Davis, Jefferson, Keokuk, Mahaska, Monroe, Van Buren, or Wapello.
See current membership details

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Health
B+
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 Chartered1952
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD-0.18%
Return on Equity - YTD-1.45%
Annual Interest Income$377.00K
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$36.1MM$34.2MM
LoansQ2 2022vs Q2 2021$14.1MM$11.5MM
DepositsQ2 2022vs Q2 2021$31.6MM$29.5MM
Equity CapitalQ2 2022vs Q2 2021$4.5MM$4.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$80.00K$86.00K
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$0$0
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Meridian Credit Union are currently being reviewed.

Locations


Meridian Credit Union Locations
Branch Office1206 N Jefferson StOttumwa, IA 52501-2020
Branch Office644 W 2nd StOttumwa, IA 52501-2358

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