Overview / Commentary
Midwest Members Credit Union is headquartered in Wood River and is the 41st largest credit union in the state of Illinois. It is also the 1,268th largest credit union in the nation. It was established in 1935 and as of September of 2024, it had grown to 43 employees and 20,355 members at 3 locations. Midwest Members Credit Union has an A health rating.
Field of Membership Restrictions
Midwest Members Credit Union is open to those who live, work, worship, volunteer, or attend school in the Illinois counties of Band, Calhoun, Clinton, Greene, Jersey, Macoupin, Madison, Montgomery, Monroe, or St. Clair. Immediate family of current credit union members are also eligible for membership.
See current membership details
Health
A
Data as of Q3 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68684 |
| Year Chartered | 1935 |
| Employees | 43 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.52% |
| Return on Equity - YTD | 13.77% |
| Annual Interest Income | $6.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2024vs Q3 2023 | $199.6MM$195.1MM |
| Loans | Q3 2024vs Q3 2023 | $153.1MM$148.9MM |
| Deposits | Q3 2024vs Q3 2023 | $176.4MM$174.8MM |
| Equity Capital | Q3 2024vs Q3 2023 | $22.1MM$18.5MM |
| Loan Loss Allowance | Q3 2024vs Q3 2023 | $873K$670K |
| Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $445K$494K |
| Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |