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P.O. Box 492395
Redding, CA 96049

Members 1St CU (CA) is headquartered in Redding and is the 148th largest credit union in the state of California. It is also the 1,456th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 43 employees and 16,505 members. Members 1St CU (CA) has a A+ health rating.

Field of Membership Restrictions

Must live, work or worship in Shasta or Tehama County or be a student, government or school employee in Butte, Glenn, Lassen, Modoc, Plumas, Sierra, Siskiyou or Trinity County. - See Details

Reviews (1)


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.


Data for Q1 2014

Institution Health


Texas Ratio


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 Members 1St CU (CA) had $62,000 in non-current loans and owned real-estate with $12.96 million in equity and loan loss allowances on hand to cover it. This gives Members 1St CU (CA) a Texas Ratio of 0.48% 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 dramatically from 1.37% as of March 31, 2013 to 0.48% as of March 31, 2014, resulting in a positive change of 65.19%.This indicates that the balance sheet and financial strength for Members 1St CU (CA) has improved dramatically in recent periods.

Deposit Growth


In the past year, Members 1St CU (CA) has increased its total deposits by $730,000, resulting in 0.79% 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 above average.



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 $106.63 million in assets with $12.96 million in equity, resulting in a capitalization level of 12.16%, which is excellent.

Institution Statistics

NCUA #62677
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$106.63 million
Loans$59.26 million
Deposits$92.99 million
Equity Capital$12.57 million
Loan Loss Allowance$398,000
Unbacked Noncurrent Loans$62,000
Real Estate Owned$0
Historic Data - March 2013
Assets$105.41 million
Equity Capital$12.57 million
Loan Loss Allowance$683,000
Unbacked Noncurrent Loans$62,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.24%
Return on Assets0.54%
Return on Equity4.55%
Interest Income$845,000

Always verify rates and promotions with the bank or credit union. We are not Members 1St CU (CA), we are a rate comparison website and can not provide official rates or promotions.

Members 1St CU (CA) Savings Account Rates

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

0.20%$50k-Money Market Account

Members 1St CU (CA) Checking Account Rates

0.00%--Draft Plus Account

Members 1St CU (CA) CD Rates

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

0.50%$100k-24 Month IRA Certificate
0.40%$100k-12-17 Month IRA Certificate
0.40%$100k-18-23 Month IRA Certificate
0.35%$100k-6-11 Month IRA Certificate

Members 1St CU (CA) Locations
Branch Office5020 Rhonda RdAnderson, CA 96007-9014
Branch Office1380 Hilltop DrRedding, CA 96003-3805
Branch Office1260 Pine StRedding, CA 96001-0606
Branch Office4710 Mountain Lakes BlvdRedding, CA 96003