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Overview / Commentary
540-982-8811
202 4th St NE Bldg C
Roanoke, VA 24016

Member One Credit Union is headquartered in Roanoke and is the 11st largest credit union in the state of Virginia. It is also the 332nd largest credit union in the nation. It was established in 1940 and as of March of 2014, it had grown to 179 employees and 76,659 members. Member One Credit Union's savings rates are 15% higher than the national average, and it has a A health rating.

Field of Membership Restrictions

Must be an employee or retiree of a partner company or organization. Also open to those who live, work, worship or attend school in the following areas of Virginia: Altavista, Radford, Vinton, Amherst, Botetourt, Campbell, Chesapeake, Lynchburg, Norfolk, Roanoke, Salem, Virginia Beach, Franklin County or Montgomery County. - See Details

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Member One Credit Union had $2.85 million in non-current loans and owned real-estate with $64.37 million in equity and loan loss allowances on hand to cover it. This gives Member One Credit Union a Texas Ratio of 4.42% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Member One Credit Union experienced no significant changes from 3.92% as of March 31, 2013 to 4.42% as of March 31, 2014, resulting in a negative change of 12.74%. This indicates that the balance sheet and financial strength for Member One Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Member One Credit Union has increased its total deposits by $48.06 million, resulting in 8.86% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Member One Credit Union has shown is excellent.

Capitalization

GRADE:
C+

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Member One Credit Union has $679.78 million in assets with $64.37 million in equity, resulting in a capitalization level of 9.47%, which is average.

Institution Statistics

Overall
NCUA #4035
Year Chartered1940
Employees179
Primary Regulator
Assets and Liabilities
Assets$679.78 million
Loans$469.49 million
Deposits$590.54 million
Equity Capital$58.90 million
Loan Loss Allowance$5.47 million
Unbacked Noncurrent Loans$2.54 million
Real Estate Owned$308,000
Historic Data - March 2013
Assets$599.26 million
Equity Capital$52.36 million
Loan Loss Allowance$4.92 million
Unbacked Noncurrent Loans$2.54 million
Real Estate Owned$182,000
Profit Margin - Quarterly
Net Interest Margin1.09%
Return on Assets0.8%
Return on Equity9.22%
Interest Income$6.37 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Member One Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Member One Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.60%-$500Super Squirrels Accounts
0.60%-$500Generation One Accounts
0.30%--Variable Educational(Coverdell) IRA
0.30%$50-Variable IRA Account
0.30%$50-IRA Builder Account
0.20%$250-Primary Membership Account
0.20%$100-Other Savings Account
0.20%$100-Vacation Club
0.20%$100-Christmas Club
0.20%$100-Teacher's Club
0.10%$50k-Campus Advantage

Member One Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.50%$50k-Choice Money Market

Member One Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$50k-Checking Account

Member One Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.51%$1k-48-Month CD
1.10%$1k-36-Month CD
1.00%$25k-11-Month CD
0.90%$1k-21-Month CD
0.90%$1k-24-Month CD
0.80%$500-Generation One and Squirrels Club Certificate
0.70%$1k-6-Month CD
0.70%$1k-9-Month CD
0.70%$1k-12-Month CD
0.70%$1k-15-Month CD
0.70%$1k-18-Month CD
0.20%$1k-12-Month CD No Penalty

Member One Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$1k-7 Year IRA
1.60%$1k-5 Year IRA
1.30%$1k-4 Year IRA
1.10%$1k-3 Year IRA
0.90%$1k-2 Year IRA
0.70%$1k-1 Year IRA
Locations

Member One Credit Union has 13 locations. Click to view all Member One Credit Union locations.