Overview / Commentary
1206 N Jefferson St
Ottumwa, IA 52501

Meridian Credit Union is headquartered in Ottumwa and is the 47th largest credit union in the state of Iowa. It is also the 2,992nd 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.
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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

NCUA #64212
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD1.9%
Annual Interest Income$417.00K
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$28.2MM$28.3MM
LoansQ2 2018vs Q2 2017$11.6MM$10.7MM
DepositsQ2 2018vs Q2 2017$24.0MM$24.1MM
Equity CapitalQ2 2018vs Q2 2017$4.2MM$4.2MM
Loan Loss AllowanceQ2 2018vs Q2 2017$72.00K$68.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$8.00K$98.00K
Real Estate OwnedQ2 2018vs Q2 2017$5.00K$0
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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

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

0.20%--High Yield Checking
0.05%--Share Draft (Checking)

Meridian Credit Union CD Rates

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

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

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

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