Credit union · NCUA insured
Meridian Credit Union
A $35.1M credit union headquartered in Ottumwa, IA, with 2,113 members and 1 branch in Iowa. Best rates: CDs 3.50% and savings 0.10% APY.
Meridian Credit Union Carrot Score
74
Carrot Score
Higher than 37% of U.S. banks and credit unions
#4 of 7 in Ottumwa, IA metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Meridian Credit Union
Meridian Credit Union is a member-owned financial cooperative chartered on February 18, 1952, originally founded as Ottumwa School Employees Credit Union to serve Ottumwa Community School District employees and their families.
Headquartered in Ottumwa, Iowa, the credit union adopted the name Meridian Credit Union on May 1, 2008.
- Headquarters
- 1206 N Jefferson St, Ottumwa, IA 52501-2020
- NCUA charter
- 64212
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Where you live or work
- Open to individuals who live or work in Appanoose, Davis, Jefferson, Keokuk, Mahaska, Monroe, Van Buren, or Wapello County in Iowa.
Family and household
- Open to individuals who have an immediate family member who is already a Meridian Credit Union member.
Cost to join
- Requires an initial deposit to establish a membership account (amount unspecified).
Branches
1 branch in Iowa
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Iowa
1 branch
- Meridian Credit UnionMain office1206 N Jefferson St, Ottumwa, IA 52501Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 16.74% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 0.14% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | 1.03% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $46 | $59 | — |
- CapitalNet worth ratio16.74%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late0.14%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets1.03%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$46Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of Meridian Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.