About Mid American Credit Union - History
In the early days of the credit union movement, credit union employees were not allowed to join the credit union at which they worked. This meant the people who most believed in the credit union philosophy were unable to take advantage of the benefits the credit union offered. In 1936, this situation changed with the chartering of Kansas Federal Credit Union, whose field of membership included any employee/volunteer of a credit union or credit union association and members of their families.
Kansas Federal Credit Union served in this unique capacity until the late 1970's when legislation was changed to permit credit union employees/volunteers to join the credit unions at which they worked or volunteered. Following this legislative change, Kansas Federal Credit Union changed from a federal to a state charter, and in 1979, changed its name to Mid American Credit Union. This change in charter allowed the credit union to expand its field of membership to include residents of Kansas and employees of Affiliated Groups.
Because of the change in charter, employers could affiliate with Mid American and offer its services as a benefit to their employees. This served the needs of many employers who were not inclined to form an employee credit union of their own, but desired their employees to have a credit union benefit.
Today, Mid American Credit Union has grown to be a full service financial institution with assets of more than $260 million. Mid American serves approximately 400 employers in Kansas, and 34,000 members nationwide. Some of the largest employers in the Wichita area are served by Mid American Credit Union, including Learjet/Bombardier, Coleman, and Sedgwick County. Of course, even the smallest companies are able to offer the benefits of credit union membership to their employees - at no cost!
Our mission at Mid American Credit Union is to be the best choice for quality financial service, above and beyond all other alternatives. Mid American is dedicated to bringing a full range of convenient, economically priced financial services to its membership nationwide.