Meridian Credit Union

A short history of Meridian CU

Since its inception in 1952 the Meridian Credit Union has been serving its members in the Ottumwa, Iowa 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 Brenda Wynn, the Meridian CU has grown its membership to over 3,353 with assets of more than $28,331,524. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (641) 684-4207 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in Ottumwa, IA.

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

Compare Meridian Credit Union To Other Local Credit Unions

Credit Union Name	Branch Name	Address	Zip Code	Phone Number	ATM Access	Distance (Miles)
River Community CU	River Community C. U.	644 W 2nd St	52501	(641) 684-6302	No	0.60
Muni Employees CU	Muni-Employees CU	105 E 3rd St	52501	(641) 683-0659	No	0.83
Community 1st CU	Pella	500 Main St	50219	(641) 628-2022	No	1.88

Meridian Credit Union Financial Performance Charts

Financial Data

Meridian 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	11.90	4.00	4.00	4.59	5.00
Mean Rate For All USA Based Credit Unions	10.56	3.72	5.00	4.48	4.95
Rank Among All USA Credit Unions	406	282	203	217	229
Rank Among All Iowa Credit Unions	22	43	22	29	30

Meridian Credit Union Highest Deposit Rates With State and USA Rankings

	Checking	Regular Savings	Money Market	Certificates of Deposits	IRA/KEOGH
Rate	0.05	0.10	N/A	0.50	0.50
Mean Rate For All USA Based Credit Unions	0.19	0.26	0.29	0.73	0.66
Rank Among All USA Credit Unions	125	129	N/A	263	227
Rank Among All Iowa Credit Unions	15	24	N/A	34	27

Meridian Credit Union Loans and Leases

Interest Rate

Number of Loans

Amount

Unsecured Credit Card Loans	11.900	104	108,844
All Other Unsecured Loans/Lines of Credit	12.000	179	642,489
Short-Term, Small Amount Loans (STS) (Federal CU Only)	0.000	0	0
Non-Federally Guaranteed Student Loans	0.000	0	0
New Vehicle Loans	4.000	44	822,318
Used Vehicle Loans	4.000	462	3,617,399
Total 1st Mortgage Real Estate Loans/Lines of Credit	4.590	84	4,399,650
Total Other Real Estate Loans/Lines of Credit	5.000	11	165,166
Leases Receivable	0.000	0	0
Total All Other Loans/Lines of Credit	6.000	94	899,287
TOTAL LOANS & LEASES		978	10,655,153

Meridian Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

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	0	0	0	0
b. 15 Years or less	0	0	0	0
Balloon/Hybrid
a. > 15 years	0	0	0	0
b. 15 Years or less	84	4,399,650	0	0
Other Fixed Rate	0	0	0	0
Adjustable Rate 1 yr or less	0	0	0	0
Adjustable Rate > 1 yr	0	0	0	0

OTHER REAL ESTATE

Closed-End Fixed Rate	0	0	0	0
Closed-End Adjustable Rate	1	2,048	0	0
Open-End Adjustable Rate	10	163,118	1	5,000
Open-End Fixed Rate	0	0	0	0
TOTALS	95	4,564,816	1	5,000

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans	0	0		0
Interest Only & Payment Option Other RE/LOC Loans	0	0		0
REVERSE MORTGAGES
a. Federally Insured Home Equity Conversion Mortgage (HECM)	0	0	0	0
b. Proprietary Reverse Mortgage Products	0	0	0	0

Meridian Credit Union Member Offerings

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