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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 45th largest credit union in the state of Iowa. It is also the 2,881st largest credit union in the nation. It was established in 1952 and as of March of 2022, it had grown to 4 employees and 2,219 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+

Data as of Q1 2022

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
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD-0.27%
Return on Equity - YTD-2.09%
Annual Interest Income$181.00K
Assets and Liabilities
AssetsQ1 2022vs Q1 2021$35.5MM$33.8MM
LoansQ1 2022vs Q1 2021$13.3MM$10.5MM
DepositsQ1 2022vs Q1 2021$30.9MM$29.1MM
Equity CapitalQ1 2022vs Q1 2021$4.5MM$4.7MM
Loan Loss AllowanceQ1 2022vs Q1 2021$92.00K$86.00K
Unbacked Noncurrent LoansQ1 2022vs Q1 2021$1,000$0
Real Estate OwnedQ1 2022vs Q1 2021$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
Branch Office644 W 2nd StOttumwa, IA 52501-2358

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