1st MidAmerica Credit Union Troy IL | Affordable Auto Loans & Quick Personal Loans

Introduction

Welcome to 1st Midamerica, your trusted partner in financial well-being located at 100 McDonald Dr, Troy, IL 62294. Established in 1934, we have proudly served our community for nearly a century, building lasting relationships and fostering financial growth for our members. With a total membership of 63,545, we are committed to providing personalized banking solutions that cater to the unique needs of each individual. At 1st Midamerica, we understand that managing your finances is more than just numbers; it's about achieving dreams and securing your future. Our total assets amount to an impressive $987,546,827, reflecting our stability and reliability. We offer a wide range of services including personal banking, auto loans, mortgages, and credit cards with rewards all designed to help you make the most of your financial journey. While members can visit us at our branch in Troy, official correspondence should be sent to the same address: 100 McDonald Dr, Troy, IL 62294. You can easily reach us at (618) 258-3168 for any inquiries or assistance you may need. Under the leadership of CEO Alan Meyer and Board President Rosemary Gibson, our team of 179 dedicated employees is always ready to assist you. We take pride in our commitment to excellence and community involvement. With a net worth of $113,567,383 and total deposits reaching $10,607,491, we ensure that your money is not only safe but also working hard for you. Whether you're looking to save for a home or finance your next vehicle purchase with one of our 106,747 loans and leases, we're here to guide you every step of the way. Visit us today or explore more about what we offer by checking out our website at 1st Midamerica. Join us in making your financial goals a reality!

Branch History & Mission

At 1st Midamerica, we take pride in our rich history that dates back to 1934. From our humble beginnings, we have grown into a trusted financial partner for the community of Troy, Illinois. Located at 100 McDonald Dr, our branch has become a cornerstone of support for over 63,000 members. We are dedicated to serving not just as a credit union but as an integral part of the lives of those in our community. Our mission is clear: to provide accessible and affordable financial services while fostering a spirit of community support and engagement. We believe that everyone deserves the opportunity to achieve their financial goals. This commitment drives us to offer a wide range of services including personal banking, auto loans, mortgage solutions, and business banking. Our total assets now stand at an impressive $987,546,827, reflecting our dedication to responsible growth and sound financial management. Over the years, we have embraced advancements in technology to better serve our members. With features like online banking, mobile payments, and electronic signatures, we ensure that our services are convenient and user-friendly. While we do not have ATM availability at this location, our drive-thru service allows for easy access to essential banking transactions without leaving your vehicle. We also recognize the importance of community outreach. Our partnerships with local organizations enable us to contribute positively to the lives of residents in Troy and beyond. Whether it's through educational workshops or community events, we strive to make a meaningful impact. For any official correspondence, please use our mailing address: 100 McDonald Dr, Troy, IL 62294. Our team is here during lobby hours from Monday to Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 12 PM. You can reach us at (618) 258-3168 for any questions or assistance. As we continue on this journey together with our members, we invite you to join us at 1st Midamerica. Experience firsthand how we can help you achieve your dreams while being a part of a supportive and thriving community! Visit us online at 1st Midamerica or come see us in person!

Branch Location & Accessibility

Accessibility and Amenities

At our Troy Office, we prioritize accessibility for all members. The branch features ADA-compliant ramps and spacious parking, ensuring everyone can visit comfortably. We also offer drive-thru banking services for those on the go. Whether you need to make a deposit or withdrawal, our drive-thru is designed to save you time without compromising service quality.

Operating Hours

We understand that life can get busy! That's why our lobby hours are designed with your schedule in mind: - Monday to Thursday: 9 AM - 5 PM - Friday: 9 AM - 6 PM - Saturday: 9 AM - 12 PM For those who prefer drive-thru services: - Monday to Friday: 8 AM - 6 PM - Saturday: 8 AM - 12 PM You can always reach us at (618) 258-3168 if you have questions about our services or need assistance.

Services Offered

At the Troy branch, we provide a variety of financial services tailored to meet your needs. From personal banking options like checking and savings accounts to auto loans, mortgage loans, and credit cards with rewards, we've got you covered. Additionally, if you are a member of one of our partner credit unions, you can enjoy shared branch transactions right here! While members can visit us at 100 McDonald Dr, official correspondence should be sent to the same mailing address for your convenience. Come see how easy banking can be at 1st Midamerica! We invite you to drop by and experience our dedicated service firsthand or give us a call today!

Member Eligibility

Becoming a member of 1st Midamerica is like joining a caring family that supports your financial journey. We're here for everyone who lives, works, or worships in our community. If you fit into these categories, you're already on the path to enjoying all the benefits we offer, from personalized service to competitive rates on loans and savings accounts. You can find more about our eligibility criteria by visiting our website at . Opening an account is simple and straightforward; just head over to this link: http://www.1stmidamerica.org/loans/loan-services/apply-now to get started. If you have any questions or need assistance, don't hesitate to reach out! Call us at (618) 258-3168, and we'll be more than happy to help you take this exciting step towards becoming a valued member of 1st Midamerica at our branch located at 100 Mcdonald Dr Troy Il 62294.

Business Banking & Commercial Services

Business Loan Options

Imagine having the financial resources to expand your operations, invest in new technology, or hire additional staff. 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.

Merchant Services

In addition to loans, we offer comprehensive merchant services that make transactions easier for you and your customers. From payment processing solutions to point-of-sale systems, we equip you with tools that simplify everyday operations. This means more time focusing on what matters growing your business. Visit us at 100 Mcdonald Dr Troy Il 62294 in Troy, IL, or call us at (618) 258-3168 to learn how our business banking solutions can empower you today!

Comprehensive List Of Services

Auto Loans & Vehicle Financing

If you're in the market for a new vehicle, our auto loans and vehicle financing options make it simple to drive away in your dream car. We offer competitive rates that help you stay within budget while making monthly payments manageable. Plus, our team is here to guide you through the entire loan application process, ensuring a hassle-free experience.

Business Banking

For entrepreneurs and small business owners, our business banking services include merchant services and business loans. We understand that running a business comes with its unique challenges, so we provide resources and support to help you thrive in today's competitive environment.

Convenient Access Options

We prioritize convenience with features like ATM and cash withdrawal services, as well as basic drive-thru banking for quick deposits and withdrawals. If you're a member of another partner credit union, you can also take advantage of our shared branch transactions. With our commitment to exceptional service and community-focused approach, we invite you to visit us at our Troy location or give us a call at 618-258-3168. Explore how we can help you achieve your financial goals today! For more information about our services or to apply for an account online, check out our website at 1st Midamerica.

Credit Cards with Rewards

Our credit cards with rewards allow you to earn points on everyday purchases. Imagine getting cash back or travel rewards simply for using your card it's an effortless way to gain benefits while managing spending wisely.

Mortgage Loans & Refinancing

For those considering homeownership or refinancing their current mortgage, our mortgage loans provide flexible terms tailored to fit various financial situations. Picture yourself settling into your new home without the stress of complicated financing we're here to assist with every detail.

Personal Banking

Our personal banking services include checking and savings accounts that help you manage your money easily. Imagine opening an account that not only keeps your funds safe but also earns you interest over time. With us, you can enjoy features like online and mobile banking for easy access to your finances anytime, anywhere. You can check balances, pay bills, and transfer money all from the comfort of your home or on-the-go.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. That's why we offer personal loans and debt consolidation services designed to alleviate financial pressure. Whether it's funding a major purchase or simplifying your debt into one manageable payment, we've got solutions that work for you.

Digital & Online Banking

At 1st Midamerica, we understand that managing your finances should be as convenient and secure as possible. That's why we offer a comprehensive range of digital and online banking services designed to keep you connected to your money anytime, anywhere. With our 24/7 online banking services available at https://www.1stmidamerica.org, accessing your accounts has never been easier. You can check your balance, transfer funds, and pay bills from the comfort of your home or on the go. Plus, our mobile application makes it simple to manage your accounts right from your smartphone. Whether you need to review transactions or make payments, everything is just a few taps away. We prioritize security, offering features like electronic signature authorization for safe and easy document signing without the hassle of paper. Our e-statements service allows you to receive your account statements electronically, reducing clutter and making it easier to stay organized. You'll appreciate the peace of mind knowing that all your information is protected with top-notch security measures. Need to send money quickly? Our person-to-person transfer feature lets you send funds instantly to friends or family, making it easier than ever to share expenses or gifts. And if you're on the go, our mobile payments feature allows you to make purchases directly from your phone no wallet required! At 1st Midamerica, we are committed to providing user-friendly services that enhance accessibility and real-time account management. Embrace the convenience of modern banking while enjoying the support of our dedicated team whenever you need assistance. Visit us today at https://www.1stmidamerica.org to learn more about how we can help simplify your financial life!

Financial Strength

A Growing Membership Base

Total Share and Deposit Accounts stand at 117,316, illustrating a strong and growing member base that trusts us with their finances. Net Shares available for lending and investments amount to $0, further reinforcing our ability to help you achieve your financial dreams. 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 100 Mcdonald Dr Troy Il 62294 or call (618) 258-3168 to learn more about how we can help you achieve your financial goals.

Investment in 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. This commitment to growth is reflected in our lending capacity: with $67,632 in used auto loans and $824,947,320 in total loans and leases, we support members' financial goals across various sectors.

Member-Focused Savings

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 operations are efficient too. Our $5,127,276 showcases our ability to maintain profitability while delivering 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.

Strong Financial Metrics

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.

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 financing solutions that make it easy for you to drive away in the vehicle you want.

Business Loans

For business owners, our outstanding commercial loans totaling $84,003,818 provide the capital needed to grow and expand. We understand that every business has unique challenges and opportunities; our team is dedicated to providing personalized support to help you succeed.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $27,394,741, make buying or refinancing simple. We are here to guide you through the process and offer competitive rates that can make your dream home a reality.

Refinancing Options

If you're considering refinancing existing loans or seeking eligibility options for any of our products, our knowledgeable staff is ready to assist you. We'll work with you to find solutions that align with your financial situation and objectives. At 1st Midamerica Credit Union, we are committed to transparency and member service. All performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. Visit us today or check out our website at 1st Midamerica for more details on how we can assist you!

Unsecured Credit Card Loans

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 come with benefits designed to fit your lifestyle and spending habits.

Loan Aggregator

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Ensuring Accurate Comparisons

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1St Midamerica