Midwest America Federal Credit Union
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Statement from our CEO

Dear Member,

With reports in the news of financial institutions across the country facing serious losses and other problems, the stock market plunging and Congress using words like “bailout,” you may wonder about the financial stability of places you do business. I’d like to assure you that MidWest America Federal Credit Union remains strong, safe, and secure.

I want to take this opportunity to thank you for your loyalty and faith in MidWest America and to let you know that you can continue to trust MidWest America with your deposits. 

Your Credit Union is in excellent financial shape. We were not involved in the sub prime mortgages and some of the other outlandish loans and investments. Our delinquent loan ratio is way below our peers and we have a very strong capital position.

Several members have asked our staff about the safety of their deposits at the credit union.  I can proudly proclaim that MidWest America is very strong. Our sound lending practices and service-oriented policies allow us to continue to prosper even during troubled economic times. You can trust our commitment to provide excellent financial products and services, and we have the resources to back up that pledge.

You can have peace of mind knowing that you are federally insured through the National Credit Union Administration (NCUA), a U.S. government agency, to at least $250,000, and retirement accounts are separately insured up to $250,000. Also, we also have private deposit insurance coverage thru Excess Share Insurance (ESI) which doubles your coverage to $500,000 per account.

We also continue to loan money to our members to assist them with their need. For over 72 years, we have been committed to providing competitive, quality services for our members' financial success.

Very truly yours,

Greg Mohr
President / CEO

 
 
 
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.