Modern Woodmen Bank


Modern Woodmen Bank is primarily a direct bank, one of only approximately 50 direct banks in the United States. Of the nearly 2,500 life and property/casualty insurers in the United States, less than 40 have some type of banking charter. By direct bank, it defines itself as principally conducting business via the Internet, mail, telephone and other electronic means. It has one traditional banking location in the Illinois Quad Cities.

Modern Woodmen Bank is located in Rock Island, Ill., the home of Modern Woodmen of America. It employs some of the latest banking technology to position itself as a great banking choice today and into the future. With this technology, Modern Woodmen Bank can meet its members'/customers' banking needs without geographic limitations. And without the overhead associated with operating multiple branch locations, Modern Woodmen Bank can offer its customers outstanding products and services.

User Ratings

GD Star Rating

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Checks
  • Online Banking

HSA Interest Rates

Interest rates for various balance tiers
All Balances0.30%
Last checked on: 03-08-2017


Monthly Maintenance Fee$0.00
Account Opening FeeUnknown
Account Closing FeeUnknown

HSA Investment Options

Mutual Fund Platform: close   Self-Directed Brokerage: close   CDs: close   Other: close

Contact Information

General Information

Address100 17th Street
Suite 101
Rock Island, IL 61201

Customer Service

Mailing AddressModern Woodmen Bank
1701 1st Avenue
Rock Island, IL 61201
Phone Number1-877-255-BANK (877-255-2265)