Members First Credit Union is headquartered in Manchester and is the 9th largest credit union in the state of New Hampshire. It is also the 1,175th largest credit union in the nation. It was established in 1949 and as of December of 2013, it had grown to 39 employees and 13,114 members. Members First Credit Union's savings rates are 92% higher than the national average, and it boasts a A+ health rating.
Anyone that lives or works within a 25-mile radius of a Members First location is eligible for membership. - See Details
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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, 2013 Members First Credit Union had $314,000 in non-current loans and owned real-estate with $14 million in equity and loan loss allowances on hand to cover it. This gives Members First Credit Union a Texas Ratio of 2.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Members First Credit Union decreased dramatically from 5.51% as of December 31, 2012 to 2.24% as of December 31, 2013, resulting in a positive change of 59.29%.This indicates that the balance sheet and financial strength for Members First Credit Union has improved dramatically in recent periods.
In the past year, Members First Credit Union has increased its total deposits by $6.78 million, resulting in 5.58% 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 First Credit Union has shown is excellent.
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 First Credit Union has $141.69 million in assets with $14 million in equity, resulting in a capitalization level of 9.88%, which is above average.
|Assets and Liabilities|
|Equity Capital||$13.69 million|
|Loan Loss Allowance||$308,000|
|Unbacked Noncurrent Loans||$314,000|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$13.33 million|
|Loan Loss Allowance||$370,000|
|Unbacked Noncurrent Loans||$314,000|
|Real Estate Owned||$122,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.95%|
|Return on Assets||0.35%|
|Return on Equity||3.59%|
|Interest Income||$4.73 million|
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|1.00%||$75k||-||Roth IRA Share|
|0.20%||$25k||-||Cash Multiplier Savings|
|1.75%||$1k||$100k||60 Month Certificate|
|1.75%||$500||$50k||60 Month Structured Savings Certificate|
|1.20%||$1k||$100k||48 Month Certificate|
|1.00%||$1k||$100k||36 Month Certificate|
|0.70%||$1k||$100k||24 Month Certificate|
|0.50%||$1k||$100k||18 Month Certificate|
|0.35%||$1k||$100k||12 Month Certificate|
|0.35%||$500||$100k||6 Month Junior Certificate|
|0.20%||$1k||$100k||6 Month Certificate|
|0.05%||$1k||$100k||3 Month Certificate|
|1.75%||$1k||-||60 Month IRA Certificate (Traditional,Roth)|
|1.20%||$1k||-||48 Month IRA Certificate (Traditional,Roth)|
|1.00%||$1k||-||36 Month IRA Certificate (Traditional,Roth)|
|0.70%||$1k||-||24 Month IRA Certificate (Traditional,Roth)|
|0.50%||$1k||-||18 Month IRA Certificate (Traditional,Roth)|
|0.35%||$1k||-||12 Month IRA Certificate (Traditional,Roth)|
|0.20%||$1k||-||6 Month IRA Certificate (Traditional,Roth)|
|0.05%||$1k||-||3 Month IRA Certificate (Traditional,Roth)|
|Members First Credit Union Locations|
|Branch Office||44 Bridge St||Manchester, NH 03101-1619|
|Branch Office||200 Union St||Manchester, NH 03103-5537|
|Branch Office||886 Central St||Franklin, NH 03235-2016|