1st Midamerica Credit Union

  • +1

A short history of 1st Midamerica CU

Since its inception in 1934 the 1st Midamerica Credit Union has been serving its members in the Bethalto, Illinois area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Alan Meyer, the 1st Midamerica CU has grown its membership to over 62,131 with assets of more than $694,355,691. They have a main office and 12 branch offices. Please see the credit unions website or contact them by phone at (618) 258-3168 or email them at memberservice@1stmidamerica.org to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Bethalto, IL.

General Information For 1st Midamerica CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 63932
Address 731 E Bethalto Dr 
City Bethalto 
State Illinois 
Zip-Code 62010
Phone Number (618) 258-3168
Fax Number (618) 258-6003
Email Address: memberservice@1stmidamerica.org
CEO/President Alan Meyer
Members 62,131 
Full-Time Employees 187 
Part-Time Employees 29 
Number of Branch Offices 12 
Total Assets 694,355,691 
Website http://www.1stmidamerica.org 

Compare 1st Midamerica Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
B.e.a. CU BEA Credit Union 610 Texas Blvd 62010 (618) 377-3948 No 2.19
State Employees Community CU 4500 College Avenue 4500 College Ave 62002 (618) 465-5142 No 3.41
Alton Municipal Employees CU Alton municipal employees fcu 3212 College Ave 62002 (618) 462-8771 No 4.82
Midwest Members CU Midwest Members Federal Credit Union 2813 N Center St 62062 (618) 254-0605 No 5.09
Electrogas CU Electrogas Credit Union 700 Oakwood Ave 62002 (618) 792-5989 No 6.34

1st Midamerica Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

1st Midamerica Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 9.90 2.74 2.74 3.25 4.39
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 243 113 70 44 154
Rank Among All Illinois Credit Unions 28 34 21 9 30

1st Midamerica Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate N/A 0.05 0.40 1.58 1.58
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions N/A 143 76 83 87
Rank Among All Illinois Credit Unions N/A 39 11 6 9
1st Midamerica Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.90014,41837,981,534
All Other Unsecured Loans/Lines of Credit 10.7004,9599,237,118
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.7406,792132,187,769
Used Vehicle Loans 2.74019,858279,524,290
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.2501,15185,530,142
Total Other Real Estate Loans/Lines of Credit 4.3901,19540,163,498
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.4301,43021,827,937
TOTAL LOANS & LEASES 49,803606,452,288

1st Midamerica Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 1429,430,3049910,594,989
    b. 15 Years or less 80635,386,72714410,940,485
    a. > 15 years 3511,014,08837,663,401
    b. 15 Years or less 14326,663,029146,901,361
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 114,28200
Adjustable Rate > 1 yr 243,021,71241,009,500


Closed-End Fixed Rate 73316,563,9392135,200
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 942,214,38210580,810
Open-End Fixed Rate 36821,385,17712711,796,419
TOTALS 2,346125,693,64040349,622,165


Interest Only & Payment Option 1st Mortgage Loans 2210,085,6966,833,800
Interest Only & Payment Option Other RE/LOC Loans 51,777,5521,566,000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

1st Midamerica Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards No
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes