Meridian Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.75%	5-year CD	3.10% - Goldman Sachs Bank USA High-yield 5 Year CD
1.10%	1-year CD	2.65% - Barclays 12 Month Online CD
0.10%	Savings	2.00% - Ally Bank Online Savings Account

View all Meridian Credit Union rates »

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 47^th largest credit union in the state of Iowa. It is also the 2,992^nd largest credit union in the nation. It was established in 1952 and as of June of 2018, it had grown to 6 employees and 3,140 members at 1 location. Meridian Credit Union's CD rates are 22% 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.
See current membership details

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Health

B+

Data as of Q2 2018

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	0.28%
Return on Equity - YTD	1.9%
Annual Interest Income	$417.00K

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$28.2MM$28.3MM
Loans	Q2 2018vs Q2 2017	$11.6MM$10.7MM
Deposits	Q2 2018vs Q2 2017	$24.0MM$24.1MM
Equity Capital	Q2 2018vs Q2 2017	$4.2MM$4.2MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$72.00K$68.00K
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$8.00K$98.00K
Real Estate Owned	Q2 2018vs Q2 2017	$5.00K$0

Rates

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Savings
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%	-	-	Share IRA
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
0.05%	-	-	Share Draft (Checking)

Meridian Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%	$1k	-	5 Year Share Certificate
1.50%^*	$10k^*	-	2 Year Share Certificate
OTHER TIERS: 0.95% → $1k - $10k
1.10%^*	$25k^*	-	1 Year Share Certificate
OTHER TIERS: 0.75% → $1k - $25k
0.65%	$500	-	9 Month Share Certificate
0.60%	$1k	-	6 Month Share Certificate

Meridian Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
1.75%	$1k	-	5 Year IRA Certificate
1.50%^*	$10k^*	-	2 Year IRA Certificate
OTHER TIERS: 0.95% → $1k - $10k
1.10%^*	$25k^*	-	1 Year IRA Certificate
OTHER TIERS: 0.75% → $1k - $25k
0.65%	$500	-	9 Month IRA Certificate
0.60%	$1k	-	6 Month IRA Certificate

Locations

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

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