Average User Rating:
1 star rating based on 1 review.

Members 1St CU (CA)

4710 Mountain Lakes Blvd
Redding, CA 960492395
(800)303-3838
www.membersonline.org

NCUA

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Members 1St CU (CA) is headquartered in Redding and is the 153^rd largest credit union in the state of California. It is also the 1,463^rd largest credit union in the nation. It was established in 1936 and as of December of 2012, it had grown to 51 employees and 16,966 members. Members 1St CU (CA) has a 5-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Members 1St CU (CA) Checking Account Rates

Apy	Min	Max	Product
0.00%	-	-	Draft Plus Account
0.00%	-	-	Share Draft Account

Members 1St CU (CA) Savings Account Rates

Apy	Min	Max	Product
0.10%	$100	-	IRA Share Account
0.10%	$100	-	Roth IRA Share Account
0.10%	$100	-	Educational IRA Share Account
0.05%	$100	-	Basic Share Account
0.05%	-	-	Child Share Account

Members 1St CU (CA) Money Market Rates

	Apy	Min	Max	Product
	0.20%	$50k	-	Money Market Account

Members 1St CU (CA) CD Rates

Apy	Min	Max	Product
0.50%	$100k	-	24 Month Share Certificate
0.40%	$100k	-	12-17 Month Share Certificate
0.40%	$100k	-	18-23 Month Share Certificate
0.35%	$100k	-	6-11 Month Share Certificate

Members 1St CU (CA) IRA Rates

Apy	Min	Max	Product
0.50%	$100k	-	24 Month Roth IRA Certificate
0.50%	$100k	-	24 Month IRA Certificate
0.50%	$100k	-	24 Month Educational IRA Certificate
0.40%	$100k	-	12-17 Month Roth IRA Certificate
0.40%	$100k	-	18-23 Month Roth IRA Certificate
0.40%	$100k	-	12-17 Month IRA Certificate
0.40%	$100k	-	18-23 Month IRA Certificate
0.40%	$100k	-	12-17 Month Educational IRA Certificate
0.40%	$100k	-	18-23 Month Educational IRA Certificate
0.35%	$100k	-	6-11 Month Roth IRA Certificate
0.35%	$100k	-	6-11 Month IRA Certificate
0.35%	$100k	-	6-11 Month Educational IRA Certificate

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

MEMBERS 1ST
NCUA #	62677
BankRate Report	View
Year Chartered	1936
Employees	51
Primary Regulator
Assets and Liabilities
Assets	$100.70 million
Loans	$54.37 million
Deposits	$87.84 million
Equity Capital	$12.50 million
Loan Loss Allowance	$841,000
Unbacked Noncurrent Loans	$310,000
Historic Data - December 2011
Assets	$96.18 million
Equity Capital	$12.10 million
Loan Loss Allowance	$1.32 million
Unbacked Noncurrent Loans	$725,000
Profit Margin - Quarterly
Net Interest Margin	6.33%
Return on Assets	0.33%
Return on Equity	2.7%
Interest Income	$3.83 million
Non-Interest Income	$1.53 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Members 1St CU (CA) had $310,000 in non-current loans and owned real-estate with $13.34 million in equity and loan loss allowances on hand to cover it. This gives Members 1St CU (CA) a Texas Ratio of 2.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Members 1St CU (CA) decreased significantly from 5.40% as of December 31, 2011 to 2.32% as of December 31, 2012, resulting in a positive change of 56.97%.This indicates that the balance sheet and financial strength for Members 1St CU (CA) has improved significantly in recent periods.
Deposit Growth
In the past year, Members 1St CU (CA) has increased its total deposits by $4.42 million, resulting in 5.3% 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 Members 1St CU (CA) has shown is excellent.
Capitalization
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. Members 1St CU (CA) has $100.7 million in assets with $13.34 million in equity, resulting in a capitalization level of 13.25%, which is excellent.

STAY AWAY!!!
1 stars

- MattM - Tuesday, November 1, 2011 - 11:25 AM

STAY AWAY FROM MEMBERS 1ST IN REDDING!!! I have to start off by saying, the girls that work the counters inside are very nice, I have no problem with them. There customer service as a bank is horrible. To start with their "free" cheeking isn't free. You have to open a savings account and put at least $25 in it that you can't touch. So the free checking is actually $25. No big deal. I open my account and make my first two deposits in the bank. On my third deposit it was a weekend, so they were not open of course and I needed to make my deposit using the ATM. When I tried to make my deposit it would not let me. I waited till Monday morning to go in the bank to find out what was going on. The lady at the counter says, "you can't make ATM deposits for 30 days after opening an account." Mind you this was never stated when I opened my account and my account had been open for over 45 days. To which she said, "oh I guess we forgot to take the hold off of your account." Now fast forward to month number 3. I made a CASH deposit in the ATM and a day latter pay my credit card payments on line. Not only did Members 1st decline all my payments costing me $35 from each of my credit card companies. Members 1st charged me $100 in return fees! When I talked to the manager at the bank about getting the $100 returned, since the money was in my account and it was in cash, so there was no need for any checks to clear, she said "no, we can't return the money. The sign on the ATM states it takes two days for deposits to clear."
All I can say is there customer service is the worst I have ever seen. Especially for a "local" bank. I hope this post saves at least one other person from making the same mistake I did by using this bank.