1st MidAmerica Credit Union Wood River IL | Affordable Auto Loans & Business Banking

Introduction

Welcome to 1st Midamerica, your trusted financial partner since 1934. Located at 1795 E Edwardsville Rd, Wood River, IL 62095, our branch is dedicated to serving our community with integrity and care. With a strong membership base of 63,545 and total assets reaching an impressive $987,546,827, we pride ourselves on being a credit union that genuinely cares about its members. At 1st Midamerica, we understand that everyone has unique financial needs. That's why we offer a wide range of services, from personal banking options like checking and savings accounts to various loan products including auto loans and mortgages. Our goal is to provide you with the tools and support necessary for your financial journey. With a dedicated team of 179 employees led by CEO Alan Meyer and Board President Rosemary Gibson, we are here to ensure you receive the best possible service. Whether you have questions about your account or need assistance with loans, don't hesitate to reach out at (618) 258-3168. While members can visit us at our Wood River location, official correspondence should be sent to the same address: 1795 E Edwardsville Rd, Wood River, IL 62095. Join us today and experience the benefits of being part of a community-focused credit union. Visit our website at 1st Midamerica for more information or come by and see how we can help you achieve your financial goals!

Branch History & Mission

Join Us

As we continue to grow and evolve, we invite you to join the 1st Midamerica family. Experience firsthand the benefits of being part of a credit union that genuinely cares about its members and the community. Visit us online at 1st Midamerica or call us at (618) 258-3168 to learn more about how we can help you achieve your financial goals. Together, let's build a brighter future for Wood River!

Our Evolution

From our opening in the heart of Wood River, we have continuously adapted to meet the needs of our members. Over the years, we have expanded our services to include personal banking, auto loans, mortgages, and business banking solutions. Our commitment to innovation means we've embraced digital advancements like online banking and mobile payments, making it easier than ever for you to manage your finances on your terms. Our branch is not just a place for transactions; it's a hub for community engagement. We proudly offer shared service center options, allowing members from partner credit unions to access essential banking services right here at our location. Whether you're visiting us during lobby hours Monday through Saturday or using our drive-thru service for quick transactions, we strive to create an experience that is both convenient and welcoming.

Our Mission

At 1st Midamerica, our mission goes beyond providing financial products. We are dedicated to improving the lives of those we serve by fostering a sense of community and belonging. We believe in supporting local initiatives and partnerships that make Wood River a better place for everyone. Our members can count on us not just as their financial institution but also as a trusted ally in their personal and professional journeys. While you can visit us at 1795 E Edwardsville Rd for all your banking needs, official correspondence should be sent to our mailing address at the same location. With an ATM available on-site and extended drive-thru hours for your convenience, we're here to serve you when you need us most.

Branch Location & Accessibility

Accessibility Features

At the 1st Midamerica Wood River Office, we prioritize accessibility for all members. Our building features ADA-compliant entrances and ramps to ensure that everyone can access our services comfortably. There's ample parking available for your convenience as well.

Nearby Landmarks

Our branch is near notable landmarks that make finding us even easier. Just a short drive from downtown Wood River and close to several local shops and eateries, we are perfectly positioned to serve your banking needs while you're out and about.

Operating Hours

We know how busy life can be! That's why we offer flexible operating hours to fit your schedule. Our lobby is open Monday through Thursday from 9 AM to 5 PM, Friday from 9 AM to 6 PM, and Saturday from 9 AM to 12 PM. For those who prefer drive-thru banking, we're here Monday through Friday from 8 AM to 6 PM and Saturday from 8 AM to 12 PM.

Services Offered

The Wood River Office provides a wide range of financial services tailored just for you! Whether you're looking for checking and savings accounts, auto loans, mortgage options, or credit cards with rewards, we've got you covered. Plus, enjoy the convenience of online and mobile banking options that allow you to manage your finances anytime, anywhere. If you have questions or would like assistance with your account, don't hesitate to give us a call at 618-258-3168. We look forward to welcoming you in person soon!

Member Eligibility

Becoming a member of 1st Midamerica means joining a welcoming community that truly cares about your financial well-being. If you live, work, or worship in the area, you might already be eligible! We also encourage family members of current members to join us. This inclusive approach helps us create a supportive network where everyone can thrive together. For more details on the specific eligibility criteria, feel free to visit our website at . Opening an account with us is straightforward and designed with your convenience in mind. Just head over to http://www.1stmidamerica.org/loans/loan-services/apply-now to get started on your journey toward better banking. If you have any questions, don't hesitate to reach out at (618) 258-3168 we're here to help! Come see us at our branch located at 1795 E Edwardsville Rd Wood River Il 62095, where we look forward to welcoming you into our family.

Business Banking & Commercial Services

Business 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.

Merchant Services

In today's fast-paced world, having the right payment solutions can make all the difference. Our merchant services provide businesses with user-friendly tools to accept payments easily whether online or in-store ensuring you can focus on what you do best: running your business. Located at 1795 E Edwardsville Rd Wood River Il 62095 in Wood River, IL, we invite you to explore how our tailored financial solutions can help your business thrive. Reach out today at (618) 258-3168 or visit us online at 1st Midamerica.

Comprehensive List Of Services

Business Banking Solutions

For small businesses and entrepreneurs, we offer dedicated business banking services that include merchant services and business loans. We know how important it is for you to have reliable financial support as you grow your business, and we're here to help.

Customer Support

Our dedicated team is always ready to assist you with any questions or concerns. Feel free to call us at 618-258-3168 during our lobby hours from Monday through Thursday from 9 AM - 5 PM, Friday from 9 AM - 6 PM, and Saturday from 9 AM - 12 PM. At 1st Midamerica, we strive to make banking accessible and beneficial for everyone in Wood River and beyond. Whether you're saving for a dream vacation or managing day-to-day expenses, we're here for you every step of the way. Ready to get started? Visit us today at 1st Midamerica or call us at 618-258-3168!

Digital Banking Features

In today's fast-paced world, convenience is key. That's why 1st Midamerica provides robust online and mobile banking features. With our user-friendly mobile application, you can manage your accounts anytime, anywhere whether you're checking balances, transferring funds, or making payments. Our members also enjoy easy access to an ATM & cash withdrawal service, ensuring that cash is always within reach.

Drive-Thru & Shared Branch Services

For quick transactions, our basic drive-thru banking allows you to perform deposits and withdrawals without leaving your car. Additionally, if you're a member of another credit union that partners with us, you can take advantage of our shared branch transactions for deposits and withdrawals.

Personal Banking Services

We offer a variety of personal banking options that make it easy for you to manage your money. Our checking and savings accounts are tailored to help you save for future needs while enjoying convenient access to your funds. For those looking to purchase a new vehicle or refinance their current loan, our auto loans and vehicle financing options provide competitive rates and flexible terms. If you're considering buying a home, check out our mortgage loans and refinancing services that can guide you through every step of the process. Sometimes life throws unexpected expenses your way. That's where our personal loans and debt consolidation services come into play, giving you the flexibility to handle those challenges without added stress. Plus, with our credit cards featuring rewards, you can earn benefits while making everyday purchases.

Digital & Online Banking

Accessibility & Security

With 1st Midamerica, you have real-time access to all your accounts at any time. Our commitment to security ensures that your personal information is protected while you bank online. Whether you're checking balances or making transactions, you can feel confident knowing we prioritize your safety. Join us at 1st Midamerica and experience how our digital banking services can simplify managing your finances. Visit us at https://www.1stmidamerica.org today!

Key Features

Our online banking platform is not only user-friendly but also packed with features that enhance your financial management. You can sign documents electronically with ease thanks to our electronic signature authorization feature, making it quicker to complete transactions without the hassle of paper forms. Plus, you can opt for e-statements to receive your account information securely and conveniently right in your inbox no more waiting for the mail! If you're always on the go, our mobile application allows you to manage your accounts directly from your smartphone. Want to split a dinner bill or send money to a friend? Our person-to-person transfers make it easy and fast. You can also enjoy mobile payments, letting you use your phone to pay at stores securely.

Financial Strength

A Solid Financial Foundation

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 11.48% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Committed Team

We 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 and committed team. Total Share Accounts stand at an impressive 117,316, showcasing a growing member base that trusts us with their finances. 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 1795 E Edwardsville Rd Wood River IL 62095 or call 618-258-3168 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov based on the latest results.

Member Savings Are Secure

Your savings are important to us. 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 financial performance is strong with a reported net income of $5,127,276, reflecting our operational efficiency. This allows us to continue offering competitive loan rates and solid financial products tailored for our members.

Reinvesting for Your Benefit

Our commitment to you is reflected in our $103,606,020 in undivided earnings. We reinvest these funds in innovative banking tools and stronger lending options to serve you better. With $67,632 in used auto loans and an impressive $824,947,320 in total loans and leases available for our members' needs across various sectors.

Loan Offering

Additional Services

In addition to these loan offerings, we provide various services like personal banking solutions, debt consolidation loans, and more. If you're interested in refinancing existing loans or exploring eligibility options for any of our products, please reach out to us for more information. For inquiries or assistance, feel free to contact us at (618) 258-3168 or visit us at 1795 E Edwardsville Rd Wood River Il 62095, Wood River, IL. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you navigate your financial journey today!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry. We have already issued over $298,467,346 in used vehicle loans and $106,144,539 in new vehicle loans, helping members get on the road with ease. No matter what type of vehicle you're considering, we can assist with flexible financing options that suit your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $84,003,818 provide the capital needed to grow and expand your business. Whether you're looking to invest in equipment or need working capital, our team is ready to assist you in finding the right financing solution.

Mortgage Loans

Thinking about homeownership? Our mortgage options are designed to 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 the home of your dreams. With competitive rates and personalized service, our team is here to guide you through every step of the mortgage process.

Unsecured Credit Cards

Managing everyday expenses can be challenging, which is 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, our credit cards come with features designed for convenience and value.

Loan Aggregator

Finding the best loan rates can be overwhelming. LendMesh simplifies this process by providing real-time, unbiased comparisons of mortgage, auto, and personal loan rates from verified financial institutions. This transparency allows users to quickly identify the best options that suit their financial needs. LendMesh ensures accurate loan comparisons by sourcing data directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov ). This commitment to integrity guarantees that users receive fair and transparent offers. One of the standout features of LendMesh is its Verified Data. All loan offers are sourced from legitimate financial institutions, ensuring that the information presented is both reliable and trustworthy. Additionally, LendMesh operates without Sponsored Listings, meaning lenders are not prioritized based on paid promotions. The goal is to deliver unbiased results that truly reflect market conditions. With Real-Time Rate Comparisons, LendMesh provides up-to-date loan rates from multiple institutions. This timely information empowers users to make informed decisions regarding their borrowing options. Thousands of users trust LendMesh for their loan comparisons. One satisfied member shared: "LendMesh helped me find a lower mortgage rate in minutes, saving me thousands over the loan term!" For anyone looking to compare loans effectively, LendMesh stands as a reliable tool in navigating the often complex lending landscape. Compare real-time loan offers today at LendMesh and find the best rates for your needs. *Disclaimer: Loan approvals and interest rates are subject to creditworthiness, income verification, and applicable federal and state regulations. Rates may vary based on financial institution guidelines.*

1ST MIDAMERICA CREDIT UNION