Overview / Commentary
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 3,014th largest credit union in the nation. It was established in 1952 and as of December of 2018, it had grown to 5 employees and 3,205 members at 1 location. Meridian Credit Union's CD rates are 89% higher than the national average, and it has a B 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.
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Health
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 - YTD0.48%
Return on Equity - YTD3%
Annual Interest Income$872.00K
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$26.8MM$28.4MM
LoansQ4 2018vs Q4 2017$11.7MM$10.5MM
DepositsQ4 2018vs Q4 2017$22.5MM$24.1MM
Equity CapitalQ4 2018vs Q4 2017$4.3MM$4.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$92.00K$100.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$23.00K$60.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$40.00K
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
0.50%--Share IRA
0.20%--Kirby Kangaroo Club
0.20%--CU Succeed Account
0.10%-- Primary Share

Meridian Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--High Yield Checking
0.05%--Share Draft (Checking)

Meridian Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-5 Year Share Certificate
1.85%*$10k*-2 Year Share Certificate
OTHER TIERS: 1.35% $1k - $10k
1.70%*$25k*-1 Year Share Certificate
OTHER TIERS: 1.40% $1k - $25k
1.05%$500-9 Month Share Certificate
1.00%$1k-6 Month Share Certificate

Meridian Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.10%$1k-5 Year IRA Certificate
1.85%*$10k*-2 Year IRA Certificate
OTHER TIERS: 1.35% $1k - $10k
1.70%*$25k*-1 Year IRA Certificate
OTHER TIERS: 1.40% $1k - $25k
1.05%$500-9 Month IRA Certificate
1.00%$1k-6 Month IRA Certificate
Locations


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

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