Overview / Commentary
Meridian Credit Union is headquartered in Ottumwa and is the 45th largest credit union in the state of Iowa. It is also the 2,857th largest credit union in the nation. It was established in 1952 and as of June of 2022, it had grown to 4 employees and 2,160 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
Health
B+
Data as of Q2 2022
Learn why bank health mattersAdditional 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 | 4 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.18% |
| Return on Equity - YTD | -1.45% |
| Annual Interest Income | $377.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $36.1MM$34.2MM |
| Loans | Q2 2022vs Q2 2021 | $14.1MM$11.5MM |
| Deposits | Q2 2022vs Q2 2021 | $31.6MM$29.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $4.5MM$4.6MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $80.00K$86.00K |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $0$0 |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |