Dedicated Team
We also take pride in having 6 full-time employees who are committed to serving you with knowledge and care. Although we do not have part-time employees, our dedicated team ensures that you receive personalized attention whenever you need it.
Growing Member Base
Our total share accounts stand at 4,034, showcasing a strong and growing member base that trusts us with their finances. This growth reflects the confidence placed in us by the community we serve. In conclusion, our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Meridian is your trusted partner. Visit us at 644 W 2Nd St Ottumwa Ia 52501 or call (641) 684-6302 to learn more about how we can help you achieve your financial goals.
Member-Centric Approach
Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks tailored for our loyal members.
Operational Efficiency
Our operational efficiency is evident with a net income of $88,454, which enables us to continue offering competitive loan rates and solid financial products for our members. This success means more resources available for enhancing your service experience.
Reinvestment in Services
With $4,129,293 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. This commitment reflects our dedication to improving your banking experience continually.
Secure Savings Options
Members' savings are secured through $3,570,983 in share certificates, offering stable and rewarding financial growth opportunities. While our money market shares currently stand at $0, we focus on providing reliable options for all types of savers.
Solid Capital Foundation
Our net worth ratio of 15.87% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This ratio is an essential indicator of our ability to meet obligations and invest back into our community.
Strong Net Worth
With a net worth of $5,280,493, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation helps us navigate economic uncertainties while keeping your interests at heart.
Support for Your Financial Goals
Our lending capacity supports members' financial goals across various sectors with $336 in used auto loans and $13,467,388 in total loans and leases. Whether you're looking to buy a car or finance other significant purchases, we've got you covered.
