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Overview / Commentary
817-641-4031
827 N Main St
Cleburne, TX 76033

Members Credit Union is headquartered in Cleburne and is the 147th largest credit union in the state of Texas. It is also the 1,937th largest credit union in the nation. It was established in 1954 and as of March of 2014, it had grown to 23 employees and 7,952 members. Members Credit Union's savings rates are 3X the national average, and it has a B health rating.

Field of Membership Restrictions

MCU is now a community based credit union which means we can serve individuals and businesses that are in Hood or Johnson County, and zip codes 76028 & 76036. You or your business is also eligible to join if you have an immediate family member that lives or works in the same geographic area. - See Details

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Health

Data for Q1 2014

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Members Credit Union has a relatively low asset base.

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 Members Credit Union had $529,000 in non-current loans and owned real-estate with $6.1 million in equity and loan loss allowances on hand to cover it. This gives Members Credit Union a Texas Ratio of 8.67% 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 Members Credit Union experienced no significant changes from 7.62% as of March 31, 2013 to 8.67% as of March 31, 2014, resulting in a negative change of 13.92%. This indicates that the balance sheet and financial strength for Members Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Members Credit Union has increased its total deposits by $5.15 million, resulting in 9.03% 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 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. Members Credit Union has $68.22 million in assets with $6.1 million in equity, resulting in a capitalization level of 8.94%, which is average.

Institution Statistics

Overall
NCUA #67649
Year Chartered1954
Employees23
Primary Regulator
Assets and Liabilities
Assets$68.22 million
Loans$36.15 million
Deposits$62.17 million
Equity Capital$5.68 million
Loan Loss Allowance$418,000
Unbacked Noncurrent Loans$529,000
Real Estate Owned$0
Historic Data - March 2013
Assets$62.73 million
Equity Capital$5.38 million
Loan Loss Allowance$296,000
Unbacked Noncurrent Loans$529,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.52%
Return on Assets0.32%
Return on Equity3.8%
Interest Income$587,000
Rates

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

Members Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.50%$15k-Health Savings Accounts
1.25%--Education Savings Account
1.25%--Roth Savings Account
1.25%--IRA Savings Account
0.50%$500-RealRate Special Savings
0.35%$10k-Realtime Business Savings
0.25%$250-RealRate Savings
0.25%--Dollar Dog Kids Club
0.25%$20-Christmas Club

Members Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$2,500-RealRate Money Market

Members Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.00%-$25kRealInterest Checking - Qualifying
0.50%$1,500-RealPremier Checking
0.25%$2,501-Realtime Business Checking
0.25%$2,501-Realtime Unlimited Business Checking

Members Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.85%$1k-2 Year CD
0.85%$1k-3 Year CD
0.85%$1k-5 Year CD
0.80%--Business 2 Year CD
0.65%--Business 1 Year CD
0.50%--Business 6 Month CD
0.45%$1k-1 Year CD
0.45%$1k-18 Month CD
0.35%$1k-6 Month CD

Members Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
0.85%$1k-2 Year IRA
0.85%$1k-3 Year IRA
0.85%$1k-5 Year IRA
0.45%$1k-1 Year IRA
0.45%$1k-18 Month IRA
0.35%$1k-6 Month IRA
Locations


Members Credit Union Locations
Branch Office1024 SW Alsbury BlvdBurleson, TX 76028
Branch Office827 N Main StCleburne, TX 76033