1st Midamerica Credit Union

Headquarters

731 E Bethalto Dr
Bethalto, IL 62010
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 0.60% 4.80% →
2-Year CD 0.70% 4.25% →
5-Year CD 1.15% 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

1st Midamerica is an NCUA insured institution located in Bethalto, IL. It was founded in 1934 and has approximately $979.21 millions in assets.

Who can join?

You are eligible for membership into 1st MidAmerica Credit Union if:

You are related by blood, marriage or adoption to a current member;

You live, work or maintain an address in one of the following counties in Illinois: Madison, Macoupin, Montgomery, Bond, Fayette, Calhoun, Greene, Jersey, Pike, Morgan, Scott, Sangamon, Clinton, Monroe, or St. Clair.

You live, work or maintain an address in Jackson County, Missouri;

You are an employee of a select employee group

NCUA Insured Yes / State-Chartered
Charter Number # # 63932
Date Established 1934
Assets $979.21 million
Loans $818.55 million
Deposits $802.70 million
Capital $111.09 million
 

Field of Membership Restrictions

Membership in 1st MidAmerica Credit Union is open to the following: (1) those who live or work in Bond, Calhoun, Christian, Clinton, Fayette, Greene, Jefferson, Jersey, Macon, Macoupin, Madison, Marion, Monroe, Montgomery, Pike, Randolph, St. Clair, Sangamon, Scott, and Washington Counties in Illinois or in Jackson County in Missouri; (2) employees of Olin Corporation, Alton Memorial Hospital or over 50 Select Employer Groups.

Deposit Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.40% $2,500 $2,999 Learn More
Money Market
0.45% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.35% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.65% $10,000 $14,999 Learn More
18 Mo CD
0.65% $100,000 $199,999 Learn More
24 Mo CD
0.70% $10,000 $14,999 Learn More
24 Mo CD
0.70% $100,000 $199,999 Learn More
36 Mo CD
0.80% $10,000 $14,999 Learn More
36 Mo CD
0.80% $100,000 $199,999 Learn More
48 Mo CD
0.95% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
Var IRA
0.20% $1 $499 Learn MoreShow Less

Loan Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for 1st Midamerica

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Midwest Mortgage Lending
NMLS ID: 2262032
License#: RM.804810.000
6.368% 6.250% 0.75 $4,000 $1,971 Learn More
District Lending
NMLS ID: 1835285
6.380% 6.250% 0.88 $4,400 $1,971 Learn More
Pure Rate Mortgage
NMLS ID: 2578474
6.482% 6.375% 0.75 $3,610 $1,997 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.984% 6.875% 0.88 $3,545 $2,103 Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR
7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to 1st Midamerica
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are 1st Midamerica branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

1ST MIDAMERICA is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

1st Midamerica Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Midamerica. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
1st Midamerica U.S. Average
4.85% 5.83

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2024, 1st Midamerica had $5,417,751 in non-current loans and $212,923 in owned assets. To cover these potential losses it had $111,094,587 in net worth and $5,033,487 in loans loss reserves. That gives it a Texas Ratio of 4.85%.

Net Worth
1st Midamerica U.S. Average
11.32% 13.93%

1st Midamerica FCU has a net worth of 11.32% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for 1st Midamerica

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