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Meridian Credit Union


Overview / Commentary
www.mymeridiancu.org
641-684-4207
1206 N Jefferson St
Ottumwa, IA 52501

Meridian Credit Union is headquartered in Ottumwa and is the 50th largest credit union in the state of Iowa. It is also the 2,960th largest credit union in the nation. It was established in 1952 and as of December of 2020, it had grown to 5 employees and 2,943 members at 1 location. 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+

Data as of Q4 2020

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 Chartered1952
Employees5
Primary Regulator
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.2%
Annual Interest Income$819.00K
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$31.3MM$26.7MM
LoansQ4 2020vs Q4 2019$10.8MM$11.5MM
DepositsQ4 2020vs Q4 2019$26.6MM$22.1MM
Equity CapitalQ4 2020vs Q4 2019$4.7MM$4.5MM
Loan Loss AllowanceQ4 2020vs Q4 2019$85.00K$80.00K
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$0$7.00K
Real Estate OwnedQ4 2020vs Q4 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Share IRA
0.20%$25-Kirby Kangaroo Club
0.20%$25-MCU Teen Savings Accounts
0.10%$25- Primary Share
0.10%$5-Secondary Savings
0.10%$25-Christmas Club

Meridian Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--High Yield Checking
0.05%--Share Draft (Checking)

Meridian Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$10k*-2 Year Share Certificate
OTHER TIERS: 0.50% → $1k - $10k
0.45%*$25k*-1 Year Share Certificate
OTHER TIERS: 0.40% → $1k - $25k
0.30%$500-9 Month Share Certificate
0.25%$1k-6 Month Share Certificate

Meridian Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$10k*-2 Year IRA Certificate
OTHER TIERS: 0.50% → $1k - $10k
0.45%*$25k*-1 Year IRA Certificate
OTHER TIERS: 0.40% → $1k - $25k
0.30%$500-9 Month IRA Certificate
0.25%$1k-6 Month IRA Certificate
Locations


Meridian Credit Union Locations
Branch Office1206 N Jefferson StOttumwa, IA 52501-2020

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