Overview / Commentary
Midwest Members Credit Union is headquartered in Wood River and is the 40th 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 June of 2023, it had grown to 42 employees and 19,986 members at 3 locations. Midwest Members Credit Union has a B+ 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
B+
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68684 |
| Year Chartered | 1935 |
| Employees | 42 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 14.78% |
| Annual Interest Income | $3.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $198.8MM$200.6MM |
| Loans | Q2 2023vs Q2 2022 | $148.9MM$135.9MM |
| Deposits | Q2 2023vs Q2 2022 | $180.0MM$183.0MM |
| Equity Capital | Q2 2023vs Q2 2022 | $17.7MM$16.1MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$483.00K |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $365.00K$268.00K |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |