MidWest America Federal Credit Union is a not-for-profit financial institution that has been committed to providing competitive, quality services for our members' financial success since 1936. As a credit union, we have members, not customers. Each person who deposits money in a credit union becomes a member of the credit union because his or her deposit is considered their share of the ownership. That means that credit unions and MidWest America are owned by members, not stockholders like most banks!
"Customers" have no voice in how a bank operates. Members of a credit union can vote and elect individuals to the credit union's board of directors and certain committees that make decisions that are best for all members of the credit union. Credit unions are not-for-profit organizations that operate soley for the financial well-being of the communities that they serve; whereas banks only serve to make a profit for their stockholders.
Credit unions are able to offer, on average, better rates and lower fees than any bank can because all credit union profits are passed directly back to their members. What that means for a member of MidWest America is higher rates on savings and certificates and much lower rates on loans!
We believe
becoming a member should be a simple process. We have a series of steps
that will make your switch from your existing financial institution to
MidWest America simple. To get started, visit Switch to MidWest America or check out the links above for more information on our products and services. If you have questions along the way or can't find the information you want, feel free
to contact us.
Your savings are federally insured by the National Credit Union Administration and up to an additional $250,000 by Excess Share Insurance, for a total of $500,000.- learn more.
Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government, the National Credit Union Administration, a U.S. Government Agency, and up to an additional $250,000 by Excess Share Insurance, for a total of $500,000. IRAs are separately insured to $250,000 by the National Credit Union Administration, a US Government Agency, and an additional $250,000 by Excess Share Insurance, for a total of $500,000.
Equal Housing Lender. We do business in accordance with the Federal Fair Housing Law and the Equal Credit Opportunity Act.
