Intro – IH Mississippi Valley Credit Union Reviews & Ranking

AdvisoryHQ recently published its list and review of the top credit unions in Illinois, a list that included IH Mississippi Valley Credit Union.

Below we have highlighted some of the many reasons IH Mississippi Valley Credit Union was selected as one of the best credit unions in Illinois.

Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.

IH Mississippi Valley Credit Union Review

IH Mississippi Valley Credit Union was founded by a group of International Harvester employees in 1934. Since its beginnings, it has grown to include more than 110,000 members, and it maintains more than $900 million in assets. These numbers make it the sixth largest credit union in Illinois.

This member-owned financial cooperative offers membership to any individuals, as well as their families, who live or work in a range of counties, including Carroll, Fulton, Lee, Marshall, Putnam, Warren, Whiteside, and more. Membership is also open to people who live or work in certain Iowa counties, including Cedar, Clinton, Des Moines, Jones, Lee, and Scott.

IH Mississippi Valley Credit Union Review

Image Source: IH Mississippi Valley Credit Union

Key Factors Leading Us to Rank This Firm as One of This Year’s Top Credit Union Firms

Upon completing our detailed review, IH Mississippi Valley Credit Union was included in AdvisoryHQ’s ranking of this year’s best credit unions based on the following factors. 

IHMVCU Review: Individual Retirement Accounts (IRAs)

Two of the many products available to members of this Illinois credit union are IRA CDs and IRA Savings accounts. These IRAs provide benefits, such as security and tax advantages, which ensure retirement savings will grow and thrive. Terms for these range from three months to five years.

With the IRA Savings account, there is no minimum opening deposit and no minimum average daily balance required to earn dividends, with dividends earned being variable. Withdrawals are unlimited, and there is no monthly fee.

With IRA CDs, there is a minimum opening deposit and average daily balance requirement of $500. Dividends are also variable.

IHMVCU Review: Online Account Opening

When opening a new account or looking for a new Illinois credit union, it can be important to consumers to be able to open an account online. IHMVCU offers this option. Potential members must be at least 18 years old and a U.S. citizen or U.S. resident alien to open an account online, and if they meet these criteria, it only takes about 10 minutes.

You can track your account opening progress on the navigation bar, and you only need a few things, including a Social Security number, a valid form of ID, a previous home address, and a way to fund your new account.

IH Mississippi Valley Credit Union - Online Account Opening

Image Source: IH Mississippi Valley Credit Union

IHMVCU Review: Free Checking 

For those members seeking a checking account that’s simple, convenient, and provides all of the advantages of checking while being free, there is an excellent option available from this credit union in Illinois. Free Checking from IHMVCU has no minimum opening deposit requirement, no minimum balance, and no monthly fee or requirements.

Free services that come with this account include unlimited check writing, a Visa Debit card, mobile banking, online branch access, bill pay, e-statements, and the ability to earn Choice Rewards. There are also overdraft transfer options available.

IHMVCU Review: Savings and CDs

This full-service credit union in Illinois features a variety of savings account and CD options for members. These include the following:

  • Youth: The minimum opening deposit is $5, tiered dividends are earned, and withdrawals are unlimited.
  • Adult: Adult Savings from IHMVCU includes tiered dividends and unlimited withdrawals with no monthly fees
  • Auto Savers: This account is designed to make saving money effortless and easy.
  • Daily Money Market: This account features tiered interest but requires a $1,000 minimum average daily balance to earn dividends.
  • Prime Reserve Money Market: This account requires a higher minimum average daily balance but increased dividend earning potential.
  • CDs: These have varying terms, ranging from six months to five years, as well as variable dividends and a relatively minimum opening deposit and average daily balance requirement.

In addition to reviewing the above IH Mississippi Valley Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking firms & credit unions:

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Reasonable efforts have been made by AdvisoryHQ to present accurate information, however all info is presented without warranty. Review AdvisoryHQ’s Terms for details. Also review each firm’s site for the most updated data, rates and info.

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