1st Midamerica Credit Union
Headquarters
731 E Bethalto Dr
Bethalto, IL 62010
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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 $964.49 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 | $964.49 million |
| Loans | $800.79 million |
| Deposits | $765.15 million |
| Capital | $108.44 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 - April 18, 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 |
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|
|
Money Market
|
0.40% | $2,500 | $2,999 |
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|
|
Money Market
|
0.45% | $10,000 | $14,999 |
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|
|
Money Market
|
0.50% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.35% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.35% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.60% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.65% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.70% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.80% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
0.95% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.15% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.20% | $1 | $499 | Learn More |
Loan Rates - April 18, 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 |
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|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.350% | 7.250% | 1.00 | $3,200 | $2,183 | Learn More |
NMLS ID: 491986 |
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NMLS ID: Not a Lender |
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NMLS ID: 1907 |
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Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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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 |
|---|---|
| 15.84% | 6.97 |
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 December 31, 2023, 1st Midamerica had $17,764,509 in non-current loans and $212,923 in owned assets. To cover these potential losses it had $108,440,107 in net worth and $5,033,487 in loans loss reserves. That gives it a Texas Ratio of 15.84%.
Net Worth
| 1st Midamerica | U.S. Average |
|---|---|
| 11.22% | 13.62% |
1st Midamerica FCU has a net worth of 11.22% versus the BestCashCow average of 13.62. 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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