Meridian Credit Union

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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.

Charter Number 64212
Address 1206 N Jefferson St 
City Ottumwa 
State Iowa 
Zip-Code 52501
Phone Number (641) 684-4207
Fax Number (641) 684-5557
Email Address: none
CEO/President Brenda Wynn
Members 3,353 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 28,331,524 

Compare Meridian Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
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

Performance Charts

Website Image

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 11.900104108,844
All Other Unsecured Loans/Lines of Credit 12.000179642,489
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 4.00044822,318
Used Vehicle Loans 4.0004623,617,399
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.590844,399,650
Total Other Real Estate Loans/Lines of Credit 5.00011165,166
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 6.00094899,287
TOTAL LOANS & LEASES 97810,655,153

Meridian 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 0000
    b. 15 Years or less 0000
    a. > 15 years 0000
    b. 15 Years or less 844,399,65000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 12,04800
Open-End Adjustable Rate 10163,11815,000
Open-End Fixed Rate 0000
TOTALS 954,564,81615,000


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

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