MidWest America Federal Credit Union

Overview / Commentary
1104 Medical Park Dr
Fort Wayne, IN 46825

MidWest America Federal Credit Union is headquartered in Fort Wayne and is the 17th largest credit union in the state of Indiana. It is also the 517th largest credit union in the nation. It was established in 1936 and as of December of 2023, it had grown to 179 employees and 50,349 members at 16 locations. MidWest America Federal Credit Union's savings rates are 27% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school within the Allen County Investment Area in Fort Wayne, Indiana or businesses in the area, or to those who live or work in Vermilion or Coles Counties in Illinois, or in the underserved area consisting of Allen, Barren, Christian, Monroe, and Trigg Counties, Kentucky.
See current membership details

Reviews (7)

Friendly, simple, and efficient

As a child, my parents signed me up at their credit union. I would deposit my birthday and holiday money into my savings and it was always an exciting experience, walking into the credit union to deposit my money. When I first got a job when I was 17 years old, I added a checking account to my account at the credit union. I have never had any problems. They gave me a VISA debit card, which is incredibly easy and efficient to use. The credit union offers a variety of different programs that you can sign up for that will stretch your money further. For example, they offer a checking account program where you get a higher interest rate if you have two deposits a month, use your VISA debit at least ten times throughout the month, and your account never goes below $5. I have enjoyed that program for many years and appreciate knowing I'm stretching my money further by being a part of the program. When I changed jobs, I moved my IRA to the credit union and I have been very happy with that decision. I appreciate the fact that there are a wide number of local credit union branches that I can visit, along with even more ATM's for easy access to my account. Their online presence has improved greatly over the years, making it even more simple to maintain my accounts. The staff at the credit union are always knowledgeable, friendly, and genuinely helpful.
Overall, I am grateful to be a member of this credit union and feel like I have made a wise decision in banking locally with this credit union.

I enjoy my Credit Union.

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They are decent but have a few rules especially when you deposit a non payroll check, or a personal check. If you drive up or walk in they will usually turn you away if your account doesn't have enough money to cover the check. If the check is over 200 dollars it is put on a hold for 3 business days and if you need the money then it is a pain. Like my kids get xmas and birthday checks from the wifes father and usually they will not cash them or expect to take forever to do so if and when they do. It's ok for fees and they cover overdrafts though. If you have anything besides direct deposit though you will have a rough time depositing strange checks.

Great Local Bank With Great Rates, But Subpar Online Service

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I have been doing business with Midwest America since I was a child and have never had any issues with any of their services. The employees always treat me like a member of their family. The employees here listened to my financial situation and helped me open a rewards checking account in which I received an awesome interest rate on my checking account! I've had minimal fees, and they were either waived or explained each to me in a way that I understand so I can avoid receiving them in the future. The only drawback to this financial institution is that their online services are a bit dated. Online services are kept to a minimum of just basic account inquiries. For a local bank, it is good that they have online services, however they seem as if they haven't been updated in the 20 years I've had an account here.

Don’T Waste Your Time With Midwest!!!

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I have been a member with Midwest America Federal Credit Union since 2010! They do not value their members! They refused to give me a very small personal loan which no is just ridiculous!!! I had absolutely no problems getting approved in 30 minutes elsewhere!!! Guess it's time to switch to a real bank and stop messing around with such nonsense from this lame credit union!

Loan And Statement Issue

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Absolutely the worst online customer service I have experienced yesterday

Harass Customers And Unprofessional

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Absolutely the worst customer service I have ever experienced. We have a vehicle loan with this company. We mailed a vehicle payment to them and three weeks later they called demanding to know the location of the vehicle and said they must know by 5:00pm that day. There was apparently a delay in mail services as the payment was made three weeks earlier and on time. After we called to have a stop payment On The check they then called and reported they had already received the check. This isn't the first of threatening and demanding calls. Do yourself a favor and find another bank. They harass their customers and are very unprofessional. I wouldn't even give a one star for services but was a requirement .

Closed My Account And Will Never Bank With Them Again.

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They wanted to add over $1900 to my loan balance if I didn't continue to jump through their hoops. I had to go to my local bank to get a lien to pay them off, and they still wanted to add the $1900+ to my balance ( that was zero at that time ).


Health Grade Components

NCUA #1427
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD0.79%
Return on Equity - YTD5.57%
Annual Interest Income$31.9MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$821.3MM$797.9MM
LoansQ4 2023vs Q4 2022$588.7MM$542.4MM
DepositsQ4 2023vs Q4 2022$691.6MM$679.3MM
Equity CapitalQ4 2023vs Q4 2022$115.6MM$108.3MM
Loan Loss AllowanceQ4 2023vs Q4 2022$5.3MM$4.1MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2.1MM$931K
Real Estate OwnedQ4 2023vs Q4 2022$0$15K
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Always verify rates and promotions with the bank or credit union. We are not MidWest America Federal 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.

MidWest America Federal Credit Union Savings Account Rates

3.00%*-$500Youth Savings
OTHER TIERS: 0.05% $500+
0.66%*$50k*-Liquid Gold
OTHER TIERS: 0.30% $2.5k - $10k | 0.46% $10k - $25k | 0.56% $25k - $50k
0.51%*$10k*-Health Savings Account
OTHER TIERS: 0.05% $500 - $2.5k | 0.30% $2.5k - $10k
0.14%$1-Traditional Rate Share IRA
0.14%$1-Roth IRA
0.14%$1-Coverdell ESA
0.05%$200-Regular Shares
0.05%--"You Name It" Savings
0.05%$200-Business Share Savings

MidWest America Federal Credit Union Money Market Rates

4.70%$100k-Century Money Market
2.75%*$250k*-Business Gold Money Market
OTHER TIERS: 0.50% Up to $25k | 1.00% $25k - $50k | 1.50% $50k - $100k | 2.50% $100k - $250k

MidWest America Federal Credit Union Checking Account Rates

1.26%-$10kReward Checking
0.38%*$75k*-Business Checking
OTHER TIERS: 0.05% Up to $25k | 0.16% $25k - $50k | 0.29% $50k - $75k
0.29%--Association Checking

MidWest America Federal Credit Union CD Rates

4.89%$500-7 Month CD Special
2.00%$500-12 Month Branch Into Savings Youth Certificate
1.20%$500-12 Month CD Relationship Perks
1.20%$500-18 Month CD Relationship Perks
1.20%$500-24 Month CD Relationship Perks
1.20%$500-30 Month CD Relationship Perks
1.20%$500-36 Month CD Relationship Perks
1.20%$500-48 Month CD Relationship Perks
1.20%$500-60 Month CD Relationship Perks
1.00%$500-12 Month CD
1.00%$500-18 Month CD
1.00%$500-24 Month CD
1.00%$500-30 Month CD
1.00%$500-36 Month CD
1.00%$500-48 Month CD
1.00%$500-60 Month CD
1.00%$500-Business 12 Month CD
1.00%$500-Business 18 Month CD
1.00%$500-Business 24 Month CD
1.00%$500-Business 30 Month CD
1.00%$500-Business 36 Month CD
1.00%$500-Business 48 Month CD
1.00%$500-Business 60 Month CD
0.80%$500-182 Days CD Relationship Perks
0.70%$500-91 Days CD Relationship Perks
0.60%$500-182 Days CD
0.60%$500-Business 182 Days CD
0.50%$500-91 Days CD
0.50%$500-Business 91 Days CD
0.23%$10k-1 Week CD Relationship Perks
0.23%$10k-4 Week CD Relationship Perks
0.03%$10k-1 Week CD
0.03%$10k-4 Week CD
0.03%$10k-Business 1 Week CD
0.03%$10k-Business 4 Week CD

MidWest America Federal Credit Union IRA Rates

4.89%$500$250k17 Month IRA Special
1.20%$500-12 Month IRA Relationship Perks
1.20%$500-18 Month IRA Relationship Perks
1.20%$500-24 Month IRA Relationship Perks
1.20%$500-30 Month IRA Relationship Perks
1.20%$500-36 Month IRA Relationship Perks
1.20%$500-48 Month IRA Relationship Perks
1.20%$500-60 Month IRA Relationship Perks
1.00%$500-12 Month IRA
1.00%$500-18 Month IRA
1.00%$500-24 Month IRA
1.00%$500-30 Month IRA
1.00%$500-36 Month IRA
1.00%$500-48 Month IRA
1.00%$500-60 Month IRA
0.80%$500-182 Days IRA Relationship Perks
0.70%$500-91 Days IRA Relationship Perks
0.60%$500-182 Days IRA
0.50%$500-91 Days IRA
0.23%$10k-1 Week IRA Relationship Perks
0.23%$10k-4 Week IRA Relationship Perks
0.03%$10k-1 Week IRA
0.03%$10k-4 Week IRA


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