MIDWEST AMERICA

1104 Medical Park Dr
Fort Wayne, IN 46825

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 1427
Date Established 1936
Assets $656.78 million
Loans $504.94 million
Deposits $557.44 million
Capital $86.39 million

Midwest America is an NCUA insured institution located in Fort Wayne, IN. It was founded in 1936 and has approximately $656.78 millions in assets.

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.

Deposit Rates - July 19, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.15% $2,500 $9,999 Learn MoreShow Less
Money Market
0.21% $10,000 $24,999 Learn MoreShow Less
Money Market
0.28% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA
0.85% $500 $9,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
0.20% $500 - Learn MoreShow Less
6 Mo CD
0.65% $10,000 - Learn MoreShow Less
12 Mo CD
0.85% $10,000 - Learn MoreShow Less
18 Mo CD
1.00% $10,000 - Learn MoreShow Less
24 Mo CD
1.20% $10,000 - Learn MoreShow Less
30 Mo CD
1.30% $10,000 - Learn MoreShow Less
36 Mo CD
1.50% $10,000 - Learn MoreShow Less
48 Mo CD
1.65% $10,000 - Learn MoreShow Less
60 Mo CD
1.75% $10,000 $24,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.19% $1 - Learn MoreShow Less

Loan Rates - July 19, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for MIDWEST AMERICA

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

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.756% 3.750% 0.13 $175 $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info

Note to MIDWEST AMERICA
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Branches

Below are Midwest America 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:
Seattle,Washington


Midwest America Locations


Financial Details

Midwest America Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midwest America. 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
Midwest America U.S. Average
3.56% 6.77

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 March 31, 2019, Midwest America had $3,117,020 in non-current loans and $67,965 in owned assets. To cover these potential losses it had $86,389,650 in net worth and $3,163,938 in loans loss reserves. That gives it a Texas Ratio of 3.56%.

Net Worth
Midwest America U.S. Average
13.49% 13.47%

Midwest America FCU has a net worth of 13.49% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Midwest America

Branches and Savings

What is Midwest America?

A federal credit union, registered with the NCUA under certificate #1427.
Learn more about credit unions here.

Is Midwest America FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Midwest America?

Please see Field of Membership information above for information on who is eligible to join.

What are Midwest America's share account and share certificate rates?

Midwest America's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Midwest America?

Midwest America has total capital of $86.39 million. Full information on Midwest America's financial position is located above.

Who owns Midwest America?

Credit Unions are owned by their members.

Where are Midwest America branches located?

See branch locations nearby.

Are Midwest America ATMs Open 24/7?

Do Midwest America ATMs accept cash deposits?

Can Midwest America customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Midwest America have a mobile app?

Does Midwest America have mobile deposit?

Does Midwest America have quick pay?

How can Midwest America transfer money to other banks or credit unions?

Does Midwest America report to credit bureaus?

Does Midwest America use Chexsystems?

Does Midwest America use Equifax?

What is Midwest America's toll free phone number?

What is Midwest America's ACH Routing Number?

What is Midwest America's SWIFT code?

Where can I find Midwest America's wire transfer form?

What is the Midwest America address for deposits?

What Products Does Midwest America Offer

Does Midwest America offer mortgages?

Compare mortgage rates here.

Does Midwest America offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Midwest America offer auto and RV loans?

Compare auto loan rates here.

Does Midwest America offer student loans or personal loans?

Compare personal loan rates here.

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