1st Midamerica Credit Union Alton IL | Affordable Auto Loans & Business Banking

Introduction

Welcome to 1st Midamerica, your trusted financial partner in the heart of Alton, Illinois. Established in 1934, we have proudly served our community for nearly nine decades, fostering strong relationships and supporting local families. With a total membership of over 63,500 individuals, our credit union is dedicated to providing personalized banking services that cater to your unique needs. Located at 3553 College Ave, Alton, IL 62002, our branch is designed to be more than just a place for transactions it's a hub for support and financial growth. Our commitment to excellence is reflected in our impressive total assets of $987,546,827 and robust total deposits amounting to $10,607,491. We believe in empowering our members with the resources they need to achieve their financial goals. Led by our CEO, Alan Meyer, and Board President, Rosemary Gibson, our team of 179 employees is here to assist you every step of the way. Whether you're looking for auto loans or personal banking solutions, we offer a range of services tailored just for you. We take pride in maintaining a net worth of $113,567,383, ensuring that your investments are secure with us. For official correspondence, please feel free to send mail to the same address as our branch location: 3553 College Ave, Alton, IL 62002. If you have any questions or need assistance, don't hesitate to reach out at (618) 258-3168 or visit us online at 1st Midamerica. Join us today and discover how we can help you navigate your financial journey with confidence!

Branch History & Mission

At 1st Midamerica in Alton, IL, our story began in 1934, rooted in the belief that everyone deserves access to quality financial services. Over the years, we have grown from a small local credit union into a trusted institution serving over 63,000 members. Our commitment to the community and dedication to providing exceptional service have driven our success. Located at 3553 College Ave, Alton, IL 62002, our branch is easily accessible and surrounded by familiar landmarks that connect us to the community we serve. Whether you're visiting for personal banking needs or exploring options for auto loans and mortgages, we are here to support your financial journey. While members can visit us at this address, official correspondence should be sent to the same location. Our mission at 1st Midamerica is straightforward yet impactful: to empower our members with financial tools that promote stability and growth. We understand that each member's needs are unique, which is why we offer a wide range of services from checking and savings accounts to vehicle financing and business banking solutions. Our focus extends beyond just banking; we aim to uplift our community through outreach initiatives and partnerships that foster economic development and education. Since opening our doors nearly nine decades ago, we've built a strong foundation of trust. Today, with total assets exceeding $987 million, we are equipped to offer robust financial solutions while ensuring our operations remain compliant with ADA standards. We pride ourselves on being customer-centric; whether you prefer online banking or face-to-face interactions at our drive-thru service, your convenience is paramount. As we look back at our rich history, we also embrace technological advancements that make managing your finances easier than ever. With features like mobile payments and online account management available at your fingertips, we're committed to meeting the evolving needs of our members. We invite you to join the 1st Midamerica family and experience the benefits of membership firsthand. Visit us today or call us at (618) 258-3168. Together, let's achieve your financial goals!

Branch Location & Accessibility

Welcome to 1st Midamerica, your friendly neighborhood credit union located at 3553 College Ave in Alton, Illinois. Our branch is conveniently situated near popular local spots, making it easy for you to stop by and take care of your banking needs. Whether you're visiting the nearby parks or running errands in the area, we're here to serve you. At our branch, we pride ourselves on accessibility and convenience. While members can visit us at our physical location, official correspondence should be directed to the same address: 3553 College Ave, Alton, IL 62002. Our branch is fully equipped with ADA-compliant features, ensuring that everyone can access our services with ease. Ample parking is available right outside, so you can park comfortably as you enter our welcoming space. We know that life gets busy, which is why our operating hours are designed to fit your schedule. Our lobby hours run Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 12 PM. If you prefer drive-thru banking, we offer convenient hours from Monday to Friday from 8 AM to 5 PM and Saturday from 8 AM to 12 PM. 1st Midamerica provides a variety of services tailored just for you whether it's personal banking solutions like checking and savings accounts or loans for your next vehicle or home purchase. We also offer credit cards with rewards and business banking options. Plus, with ATM availability and shared service centers, managing your finances has never been easier. Have questions? Feel free to reach out! Call us at 618-258-3168 or come visit us at our branch today. We look forward to serving you!

Member Eligibility

At 1st Midamerica, we believe in creating a community where everyone feels welcome and valued. Becoming a member is easy and open to many! If you live, work, or go to school in our local area, you're likely eligible to join us. We love serving our members with personalized banking solutions that truly fit their needs. Not only will you gain access to competitive rates on loans and savings accounts, but you'll also be part of a cooperative that prioritizes your financial well-being. For more details on eligibility requirements, feel free to check out our website at . If you're ready to take the next step towards membership, visit us at http://www.1stmidamerica.org/loans/loan-services/apply-now or give us a call at (618) 258-3168. We can't wait to welcome you to the 1st Midamerica family!

Business Banking & Commercial Services

Merchant Services That Matter

In addition to loans, we offer essential merchant services tailored for your operations. Imagine having a reliable partner that helps you process payments smoothly, allowing you to focus on what really matters growing your business. Our services streamline transactions, making it easier for you to serve your customers effectively. Visit us at 3553 College Ave Alton Il 62002 in Alton, IL or call us at (618) 258-3168 to explore how our business banking solutions can work for you!

Tailored Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $511 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $24 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $84,003,818, we continue to drive economic growth by financing new and expanding businesses.

Comprehensive List Of Services

Business Banking

For our business members, we provide comprehensive business banking solutions including merchant services and business loans. We want local entrepreneurs to thrive, so whether you're starting fresh or expanding an existing venture, we're here to support you.

Convenience at Your Fingertips

Our commitment doesn't stop at traditional banking services; we pride ourselves on making banking easier than ever. With features like ATM access for cash withdrawals and drive-thru banking for quick transactions, convenience is always a priority at 1st Midamerica. Our shared branch transactions also allow members from partner credit unions to conduct basic deposits and withdrawals seamlessly.

Credit Options

Life can be unpredictable, which is why having access to personal loans for unexpected expenses is essential. Our personal loans also offer debt consolidation options that can help simplify your finances by combining multiple debts into one manageable payment. We know that credit cards can be an integral part of managing finances. That's why we offer credit cards with rewards that let you earn while you spend. Whether it's for everyday purchases or big-ticket items, our cards are designed with your lifestyle in mind.

Get Started Today!

If you're ready to explore how our services can fit your needs, don't hesitate! Visit us at 3553 College Ave Alton IL 62002, or give us a call at 618-258-3168. Join the community of satisfied members who trust us for their financial journeys. For more information about opening an account or applying for loans, visit us online at 1st Midamerica. We look forward to serving you!

Personal Banking

When it comes to personal banking, we offer various options for checking and savings accounts that suit different lifestyles. Imagine having access to your money whenever you need it through our online and mobile banking services. You can easily check your balance, transfer funds, and pay bills with just a few taps on your phone. If you're considering purchasing a vehicle, our auto loans make financing straightforward and affordable. With competitive rates and flexible terms, we aim to get you behind the wheel without breaking the bank. Plus, if you're thinking about homeownership or refinancing your current mortgage, our mortgage loans provide the support you need every step of the way.

Digital & Online Banking

Mobile Application & Features

For those who prefer managing their finances on mobile devices, our user-friendly mobile application is available for download. It allows you to take advantage of features like mobile payments and person-to-person transfers. Need to send money to a friend? Our person-to-person transfer feature makes it simple and quick!

Online Banking Services

Our online banking platform is available 24/7 at https://www.1stmidamerica.org, providing you with real-time access to your accounts. Whether you want to check your balance, transfer funds, or pay bills, everything is just a click away. You can also enjoy e-statements, making it easy to keep track of your financial history without the clutter of paper statements.

Security You Can Trust

Your security is our priority. With electronic signature authorization available, signing documents has never been safer or easier. Our robust security measures ensure that your personal information remains protected while you enjoy the convenience of online banking. In summary, 1st Midamerica provides all the tools you need for effective account management at your fingertips. From e-statements to mobile payments and secure electronic signatures, we make banking simple and accessible for everyone. Join us today and experience the ease of modern banking!

Financial Strength

Commitment to Growth

With $103,606,020 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $67,632 in used auto loans and $824,947,320 in total loans and leases.

Member-Centric Savings Options

Members' savings are secured through $264,000,869 in share certificates and $84,078,924 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $4,015,859, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our $5,127,276 reflects our operational efficiency, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 161 full-time employees and 18 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $113,567,383, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,148 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Trusted Partner for Your Finances

Total Share Accounts: 117,316, showing a strong and growing member base that trusts us with their finances. Net Shares (Funds available for lending and investments): $0. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, 1st Midamerica is your trusted partner. Visit us at 3553 College Ave Alton Il 62002 or call (618) 258-3168 to learn more about how we can help you achieve your financial goals.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $298,467,346 in used vehicle loans and $106,144,539 in new vehicle loans already helping members get on the road. We provide flexible financing options whether you're considering a brand-new vehicle or a reliable used car.

Business Loans

For business owners, our outstanding commercial loans totaling $84,003,818 provide the capital needed to grow and expand your operations. We believe in supporting local businesses and helping them thrive.

Credit Lines

For those looking for additional flexibility in their borrowing needs, our credit lines amounting to $381,260,058 give you access to funds when you need them most. This option can be particularly useful for unexpected expenses or planned purchases.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We offer Junior Lien 1-4 Family Residential Property loans totaling $27,394,741, making it easier for you to secure a place to call home.

Refinancing Options

If you're interested in lowering your monthly payments or accessing cash from your existing assets, ask us about our refinancing options. We'll work with you to find a solution that fits your financial situation. For more information on our loan offerings or to discuss eligibility options tailored to your specific needs, feel free to reach out at 618-258-3168. Our friendly staff is ready to assist you during lobby hours from Monday to Friday 9 AM - 5 PM and Saturday from 9 AM - 12 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. At 1st Midamerica, we're committed to helping you make informed financial decisions that benefit you today and tomorrow.

Unsecured Credit Card Loans

Managing day-to-day expenses can be challenging. That's why we also offer flexible terms on unsecured credit card loans, with a total of $36,206,654 in loans helping members manage their finances effectively. These cards can provide peace of mind and greater control over your spending.

Loan Aggregator

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1St Midamerica