Sep, 30, 2025 — MERIDIAN CREDIT UNION is a federally insured state chartered credit union headquartered in OTTUMWA, IA with 2 branch locations and about $33.21 million in total assets. Opened 74 years ago in 1952, MERIDIAN CREDIT UNION has about 2,097 members and employs 6 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MERIDIAN CREDIT UNION |
|---|---|
| Address: (Main Office) | 1206 N Jefferson St OTTUMWA, IA 52501-2020 |
| Phone: | (641) 684-4207 |
| Fax: | (641) 684-5557 |
| Website: | https://www.mymeridiancu.org |
| Branches: | 2 branch locations |
| Members: | 2,097 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 64212 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1952 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $33,214,908 |
| CEO/Manager: | Josh W Hall |
| Chairperson: | Steve Allison |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,301,295 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 6,328,389 |
| Unsecured Loans | 1,373,000 |
| Other Loans | 6,309,960 |
| TOTAL LOANS | 14,011,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -133,034 |
| Land And Building | 451,170 |
| Other Fixed Assets | 72,585 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 282,342 |
| All Other Assets | 12,705 |
| TOTAL ASSETS | 33,214,908 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 64,372 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 7,645,344 |
| Regular shares | 15,038,689 |
| All Other Shares & Deposits | 4,967,146 |
| TOTAL SHARES & DEPOSITS | 27,651,179 |
| TOTAL LIABILITIES | 27,715,551 |
| Regular Reserve | 0 |
| Other Reserves | 850,849 |
| Undivided Earnings | 4,648,508 |
| TOTAL EQUITY | 5,499,357 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 33,214,908 |
| INCOME & EXPENSE | |
| Loan Income | 554,956 |
| Investment Income | 472,251 |
| Other Income | 60,070 |
| Total Employee Compensation & Benefits | 303,208 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 472,171 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 100,000 |
| Cost of Funds | 130,298 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 204,376 |
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