Sep, 30, 2025 — 1ST MIDAMERICA CREDIT UNION is a federally insured state chartered credit union headquartered in BETHALTO, IL with 10 branch locations and about $1.01 billion in total assets. Opened 92 years ago in 1934, 1ST MIDAMERICA CREDIT UNION has about 64,054 members and employs 185 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | 1ST MIDAMERICA CREDIT UNION |
|---|---|
| Address: (Main Office) | 731 E Bethalto Dr BETHALTO, IL 62010 |
| Phone: | (618) 258-3168 |
| Fax: | (618) 258-6003 |
| Website: | https://www.1stmidamerica.org |
| Branches: | 10 branch locations |
| Members: | 64,054 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63932 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,008,207,502 |
| CEO/Manager: | Alan Meyer |
| Chairperson: | Rosemary Gibson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 31,338,884 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 652,400 |
| Real Estate Loans | 364,180,013 |
| Unsecured Loans | 52,330,075 |
| Other Loans | 435,600,510 |
| TOTAL LOANS | 852,110,598 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -10,307,485 |
| Land And Building | 21,953,135 |
| Other Fixed Assets | 3,780,467 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 7,639,521 |
| All Other Assets | 178,339 |
| TOTAL ASSETS | 1,008,207,502 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,278,105 |
| Notes & Interest Payable | 40,577,118 |
| Accounts Payable & Other Liabilities | 6,296,553 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 155,270,144 |
| Regular shares | 269,653,632 |
| All Other Shares & Deposits | 408,325,682 |
| TOTAL SHARES & DEPOSITS | 833,249,457 |
| TOTAL LIABILITIES | 882,477,227 |
| Regular Reserve | 0 |
| Other Reserves | 2,206,895 |
| Undivided Earnings | 123,523,380 |
| TOTAL EQUITY | 125,730,275 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,008,207,502 |
| INCOME & EXPENSE | |
| Loan Income | 37,175,331 |
| Investment Income | 5,414,238 |
| Other Income | 3,863,325 |
| Total Employee Compensation & Benefits | 12,043,813 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,941,842 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,925,000 |
| Cost of Funds | 15,722,010 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,166,773 |
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