Meritrust Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.10% | 5-year CD | 5 Year Share CD 2.25% - Ally Bank High Yield 5 Year CD |
| 1.65% | 3-year CD | 3 Year Share CD 1.60% - Ally Bank High Yield 3 Year CD |
| 0.80% | 1-year CD | 1 Year Share CD 1.50% - Ally Bank No Penalty 11-Month CD |
Meritrust Credit Union is headquartered in Wichita and is the 2nd largest credit union in the state of Kansas. It is also the 211th largest credit union in the nation. It was established in 1935 and as of June of 2017, it had grown to 327 employees and 92,524 members at 16 locations. Meritrust Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Meritrust Credit Union is open to those who live, worship or work in Riley, Pottawatomie, Geary, Dickinson, Saline, McPherson, Harvey, Sedgewick, Sumner, Cowley, Butler, Marion, Chase, Morris, Lyon, Osage, or Douglas Counties in Kansas. Membership is also open to employees or retirees of The Boeing Company, its subsidiaries and Spirit AeroSystems, Inc., and members of Boeing employee associations.
See current membership details
Related Posts
Meritrust Is Great!
I have had accounts here for over 15 years. I have checking, saving, and loan accounts, and have never had a problem. They are very helpful whenever you do have a question. They charge no fees for checking and no minimum balance. The reward program is great.
Poor Service
They can't provide a lean release even with a cash payoff . They use a lean release provider .Takes 2 to 3 weeks . Made me lose a sale.
Absolutely Terrible
Terrible. This review is not only about this location but all. I have called multiple times trying to do business with them. Not only was setting up online account access horrible, so was paying off my loan and closing my account. The customer service representatives are powerless to act and are therefore very reactive. Last time I spoke with them I was the one coming up with solutions to my problems. I was sent to a "manager" to help me and they couldn't even come up with ways to help. When it comes to banking they are in the stone age. If you are affiliated with the military stick to USAA.
Nothing But Good Experiences
When I moved halfway across the country five years ago, one of the first decisions I had to make was regarding a new bank. After weighing the pros and cons of many options, I ultimately decided to go with a credit union. The biggest reason was the higher interest rates for savings accounts, and the fact that credit unions are non-profit.
Meritrust Credit Union looked to me like the best bet, and after five years there, I still have nothing but good things to say about them. While their customer service was really good, that wasn't a very big concern for me after all, I feel like I'd only interact with them a couple times a year at most. Meritrust also allows me to create a savings account with a higher interest rate (that I can't withdraw from) specifically for things like Christmas funds or vacation funds. I can deposit into it throughout the year and at a specific day of the year it'll be moved back to my checking account and ready to use. That has helped me with budgeting for Christmas, as it ensures I have enough money set aside specifically for that purpose.
They've also helped me transfer my car loan over to them which, while I'm not entirely sure how much I saved in interest, it was an easy enough process that even a dollar saved made it worth it.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 63283 |
| Year Chartered | 1935 |
| Employees | 327 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.23% |
| Return on Equity - YTD | 2.59% |
| Annual Interest Income | $27.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $1.28B$1.19B |
| Loans | Q2 2017vs Q2 2016 | $1.10B$1.06B |
| Deposits | Q2 2017vs Q2 2016 | $1.09B$991.9MM |
| Equity Capital | Q2 2017vs Q2 2016 | $114.0MM$110.7MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $10.1MM$9.2MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $7.5MM$4.3MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $286.00K$0 |
Always verify rates and promotions with the bank or credit union. We are not Meritrust Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Meritrust Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.65% | - | - | IRA Share | ||
| 0.65% | - | - | Roth IRA Shares | ||
| 0.65% | - | - | CESA Share | ||
| 0.20%* | - | $10k | Christmas Club | ||
| OTHER TIERS: 0.05% → $10k+ | |||||
| 0.20%* | - | $10k | Vacation Club | ||
| OTHER TIERS: 0.05% → $10k+ | |||||
| 0.05%* | $500* | - | Membership Savings | ||
| OTHER TIERS: 0.03% → $100 - $500 | |||||
| 0.05%* | $500* | - | Millionaires Club | ||
| OTHER TIERS: 0.03% → Up to $500 | |||||
| 0.05%* | $500* | - | College and Careers | ||
| OTHER TIERS: 0.03% → $100 - $500 | |||||
| 0.05%* | $500* | - | My Money Zone | ||
| OTHER TIERS: 0.03% → Up to $500 | |||||
Meritrust Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.50%* | $150k* | - | Elite Money Market | ||
| OTHER TIERS: 0.20% → $2,500 - $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $75k | 0.40% → $75k - $100k | 0.45% → $100k - $150k | |||||
| 0.40%* | $150k* | - | Advantage Money Market | ||
| OTHER TIERS: 0.10% → $2,500 - $10k | 0.15% → $10k - $25k | 0.20% → $25k - $50k | 0.25% → $50k - $75k | 0.30% → $75k - $100k | 0.35% → $100k - $150k | |||||
| 0.20%* | $100k* | - | Pinnacle Select Money Market | ||
| OTHER TIERS: 0.05% → Up to $2,500 | 0.10% → $2,500 - $100k | |||||
Meritrust Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.05%* | $50k* | - | Roam Free Checking | ||
| OTHER TIERS: 0.02% → $1k - $10k | 0.03% → $10k - $50k | |||||
| 0.05%* | $50k* | - | Green Account | ||
| OTHER TIERS: 0.02% → $1k - $10k | 0.03% → $10k - $50k | |||||
Meritrust Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $500 | - | 5 Year Share CD | |
| 1.65% | $500 | - | 3 Year Share CD | |
| 1.20% | $500 | - | 2 Year Share CD | |
| 1.00% | $500 | - | 18 Month Share CD | |
| 0.80% | $500 | - | 1 Year Share CD | |
| 0.55% | $500 | - | 6 Month Share CD | |
| 0.40% | $500 | - | 3 Month Share CD |
Meritrust Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.10% | $500 | - | 5 Year Share IRA | |
| 1.65% | $500 | - | 3 Year Share IRA | |
| 1.20% | $500 | - | 2 Year Share IRA | |
| 1.00% | $500 | - | 18 Month Share IRA | |
| 0.80% | $500 | - | 1 Year Share IRA | |
| 0.55% | $500 | - | 6 Month Share IRA | |
| 0.40% | $500 | - | 3 Month Share IRA |
