Midwest Members Federal Credit Union


101 Wesley Drive
Wood River, IL 62095
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Notable Rates APY Vs.Others
Savings N.A. 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.55% →
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

Midwest Members is an NCUA insured institution located in Wood River, IL. It was founded in 1935 and has approximately $118.66 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 91
Date Established 1935
Assets $118.66 million
Loans $97.38 million
Deposits $108.50 million
Capital $10.73 million

Field of Membership Restrictions

Membership is open to those who live, worship, work or attend school in Madison County Illinois.

Deposit Rates - April 17, 2024

Your Current Location: Virginia, VA 20146

We do not yet have rates for Midwest Members

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Midwest Members
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Loan Rates - April 17, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Midwest Members

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
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Northpointe Bank
NMLS ID: 447490
6.844% 6.750% 1.00 $3,078 $2,076 Learn More
PenFed Credit Union
NMLS ID: 401822
6.932% 6.750% 0.88 $6,000 $2,076 Learn More
CrossCountry Mortgage
NMLS ID: 3029
7.129% 6.990% 0.88 $4,672 $2,127 Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375% 0.88 $2,800 $2,211 Learn More

Featured - Virginia 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
7.490 %
$0 Learn More
More Info

Note to Midwest Members
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Below are Midwest Members branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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Midwest Members Locations

Climate Policy and Initiatives

MIDWEST MEMBERS 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

Midwest Members Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Midwest Members. 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 Members U.S. Average
2.27% 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, Midwest Members had $249,601 in non-current loans and $0 in owned assets. To cover these potential losses it had $10,725,644 in net worth and $286,703 in loans loss reserves. That gives it a Texas Ratio of 2.27%.

Net Worth
Midwest Members U.S. Average
9.51% 13.62%

Midwest Members FCU has a net worth of 9.51% 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 Midwest Members

  • May 4, 2018 |

    I opened an account about 1.5 years ago and the employees have always been nice and never had an issue with any teller saying they will put a hold on my deposit or being rude in any way shape or form. But....

    I debated putting this up and switching banks for the last week and a half. I'm disabled and need a local bank yet my husband is not disabled and this credit union is too small to handle all of our personal and business accounts. We looked into giving all of our business to Midwest Members Credit Union but they just can't handle what we need, so I opened up an account to where my direct deposit goes in Midwest Members which the Maryville location is within driving distance of home to do small, personal business. When I drove to Wood River, IL the other day to make a deposit is when I decided that the manager has done more damage than can be rectified.

    I had my husbands personal check for $350 or so (his name is on the account). The manager of the location stated she was going to place a hold on my deposit. When I asked why, she said it was because she has authorization to do so and she can do whatever she wants. She said, us as tellers are responsible if a check was to come back. When I mentioned I had direct deposit and asked to speak with a teller I'm used to working with, she became worse..."I'm above her, she is just a teller." Really? No team member should think they are above anyone-if the toilet needs clean, clean it, even if your name is on the building! A manager shouldn't ever think they are better than their employees or customers and shouldn't act in such a way ever! I was disgusted in how her customer service is so rude and belittling. One of the worst resting b.... faces I've ever seen for no reason except she must of been having a bad day and decided to pay it forward to customers. She did end up putting in the deposit and said I didn't see you had direct deposit but it was after much rude interruption to me trying to talk...she wanted to run the show and her way was the only way. So why make decisions without looking at the account? Why be so rude? Is it because the person I had with me was in PJ pants? Did I not look right? Why when there is 1.5 years of history on my account and after looking into the account, there is suddenly no issues.

    When I opened the account and added direct deposit, I was told I should not have an issue with using the account unless the check being deposited is a large amount. I have deposited checks for over $2,000 that looked shady (a check that came in the mail and who knows if the company is legit-I expected a hold, yet no issues.)

    I will be closing my account and moving banks. What a shame that your manager can be this rude and have such an effect on customers.

    Rude management will not get you anywhere. See ya, my business doesn't belong with you! It will be a pain, but I will switch to another local bank in the coming month as I switch direct deposit and direct withdrawals to close the account. My car is with this bank, but this will be the last one and I am frankly upset enough to look into paying $1500 to refinance the loan just so I don't have to deal with this bank ever again.

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