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Midwest Family Credit Union
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Midwest Family Credit Union Share
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Overview Share
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Midwest Family Credit Union is a federal credit union based in Portage, Indiana. It has been opened since 1962, for 60 years.

With around $29,000,000 in assets, Midwest Family Credit Union is considered to be an average size credit union. It has 1 branches and 1 ATM locations.

About Share
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Address Po Box 48
Portage, Indiana 46368
Website http://www.midwestfamilyfcu.org
Phone (219) 763-5640
Fax (219) 763-5102
CEO Robin L. Bowman
President of the Board Kurt Knutsen
Services Offered
Score Card Share
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60 years
Years in business
Opened in 1962
Well Capitalized
Net worth classification
Source: NCUA
2,942 members
Membership type: Community credit union
Average number of members
368:1
Credit union member to staff ratio
368 per each FTE employee
Compared to 411:1 nationally
Average number of staff
$29,004,442
Total assets
Average size
1 branch
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
0.15%
Savings interest rate
Compared to 0.3% nationally
11.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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1 branch
Compared with an average of 4 nationally and 3 in Indiana
Above average number of branches
Midwest Family Credit Union Branch Locations

Midwest Family Federal Credit Union
2832 Willowcreek Road
Portage, Indiana 46368
ATM Available
Members Share
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2,942 members
Membership type: Community credit union
Average number of members

With 2,942 members, the Midwest Family Credit Union is considered to be a medium size credit union. It is larger than 44% of credit unions.

Fees Share
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$149
Average fee per member
The average fee per member at the Midwest Family Credit Union is $149, which is very high compared to most credit unions. This rate is higher than 96% 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 Family Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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368:1
Credit union member to staff ratio
368 per each FTE employee
Compared to 411:1 nationally
Average number of staff
8 staff members
FTE (full-time equivalent)
0% of employees are part-time
8 full-time, 0 part-time

Midwest Family Credit Union has 8 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Midwest Family Credit Union has around 368 members per staff, an average ratio compared to other credit unions. This is a somewhat well staffed credit union.

Assets Share
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$29,004,442
Total assets
Average size
Net worth Share
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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.
8.1%
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 Share
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$5,650
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 87% of credit unions.

Midwest Family Credit Union holds a total of $14,570,000 in loans and leases, which is about $5,650 per member on average.

Savings interest rate Share
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0.15%
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 Family Credit Union pays 0.15%.

Loan rates Share
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11.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
11.88%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
4.80%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
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3.15%
New car loan rate
Compared to 4.0% nationally
4.37%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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4.36%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.92%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally

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