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Midwest Community Credit Union

Overview
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Midwest Community Credit Union is a federal credit union based in Defiance, Ohio. It has been opened since 1954, for 66 years.

With around $162,450,000 in assets, Midwest Community Credit Union is considered to be a large credit union. It has 5 branches and 4 ATM locations.

About
Address 8770 North State Route 66
Defiance, Ohio 43512
Website http://midwestcommunity.org
Phone (419) 783-6500
Fax (419) 783-6550
CEO Sonja J. Delaney
President of the Board Robert Florence
Services Offered
Map
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Score Card
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66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
13,801 members
Membership type: Community credit union
Above average number of members
291:1
Credit union member to staff ratio
291 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
$162,445,580
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
14.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
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5 branches
Compared with an average of 4 nationally and 3 in Ohio
Above average number of branches
Midwest Community Credit Union Branch Locations

Midwest Community Credit Union: Hfs/Drc
13300 Hickman Road
Clive, Iowa 50325
No ATM
Midwest Community Credit Union: Napoleon Office
1429 Scott Street
Napoleon, Ohio 43545
ATM Available
Midwest Community Credit Union: Bryan Office
1239 S. Main Street
Bryan, Ohio 43506
ATM Available
Midwest Community Credit Union: Main Office
8770 North State Route 66
Defiance, Ohio 43512
ATM Available
Midwest Community Credit Union: Deerwood Office
1481 Deerwood Drive
Defiance, Ohio 43512
ATM Available
Midwest Community Credit Union: Mcfcu Napoleon
1429 Scott Street
Napoleon, Ohio 43545
No ATM
Members
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13,801 members
Membership type: Community credit union
Above average number of members

With 13,801 members, the Midwest Community Credit Union is considered to be a large credit union. It is larger than 76% of credit unions.

Fees
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$96
Average fee per member
The average fee per member at the Midwest Community Credit Union is $96, which is very high compared to most credit unions. This rate is higher than 83% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Midwest Community Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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291:1
Credit union member to staff ratio
291 per each FTE employee
Compared to 411:1 nationally
Lots of staff!
48 staff members
FTE (full-time equivalent)
10% of employees are part-time
45 full-time, 5 part-time

Midwest Community Credit Union has 45 full-time staff members and 5 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 90% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Midwest Community Credit Union has around 291 members per staff, a low ratio compared to other credit unions. This is a well staffed credit union.

Assets
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$162,445,580
Total assets
Above average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
9.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$13,731
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 74% of credit unions.

Midwest Community Credit Union holds a total of $99,200,000 in loans and leases, which is about $13,731 per member on average.

Savings interest rate
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0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Midwest Community Credit Union pays 0.05%.

Loan rates
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14.75%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
9.99%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.75%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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3.49%
New car loan rate
Compared to 4.0% nationally
3.99%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
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4.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.00%
Other real estate loan rates
Compared to 0.9% nationally
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