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Midwest Members Credit Union Share
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Overview Share
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Midwest Members Credit Union is a federally insured state credit union based in Wood River, Illinois. It has been opened since 1935, for 87 years.

With around $128,430,000 in assets, Midwest Members Credit Union is considered to be a large credit union. It has 2 branches and 2 ATM locations.

About Share
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Address 101 Wesley Drive
Wood River, Illinois 62095
Website http://www.midmembers.org
Phone (618) 254-0605
Fax (618) 254-9219
CEO Greg Lyons
President of the Board Gerard Jacquin
Services Offered
Score Card Share
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87 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
17,388 members
Membership type: State chartered natural person credit union
Above average number of members
424:1
Credit union member to staff ratio
424 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$128,425,665
Total assets
Above average
2 branches
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches Share
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2 branches
Compared with an average of 4 nationally and 2 in Illinois
Above average number of branches
Midwest Members Credit Union Branch Locations

Midwest Members Federal Credit Union
2813 North Center Street
Maryville, Illinois 62062
ATM Available
Midwest Members Federal Credit Union
101 Wesley Drive
Wood River, Illinois 62095
ATM Available
Members Share
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17,388 members
Membership type: State chartered natural person credit union
Above average number of members

With 17,388 members, the Midwest Members Credit Union is considered to be a large credit union. It is larger than 80% of credit unions.

Fees Share
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$64
Average fee per member
The average fee per member at the Midwest Members Credit Union is $64, which is high compared to most credit unions. This rate is higher than 62% 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 Members Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
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424:1
Credit union member to staff ratio
424 per each FTE employee
Compared to 411:1 nationally
Fewer staff
41 staff members
FTE (full-time equivalent)
5% of employees are part-time
40 full-time, 2 part-time

Midwest Members Credit Union has 40 full-time staff members and 2 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 95% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Midwest Members Credit Union has around 424 members per staff, a higher ratio compared to other credit unions.

Assets Share
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$128,425,665
Total assets
Above average
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.
10.0%
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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$12,439
Average loan and lease size
Loan & lease sizes are bigger than average. They are bigger than at 67% of credit unions.

Midwest Members Credit Union holds a total of $106,190,000 in loans and leases, which is about $12,439 per member on average.

Savings interest rate Share
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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 Members Credit Union pays 0.05%.

Loan rates Share
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8.90%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
10.90%
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 Share
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3.99%
New car loan rate
Compared to 4.0% nationally
5.59%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates Share
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5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.62%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
6.25%
Other real estate loan rates
Compared to 0.9% nationally

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Midwest Members Credit Union
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Midwest Members Federal Credit Union
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