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Overview / Commentary
44 Bridge Street
Manchester, NH 03101

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.

Field of Membership Restrictions

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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Data for Q4 2013

Institution Health


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, 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.

Texas Ratio Trend


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.

Deposit Growth


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.

Institution Statistics

NCUA #65491
Year Chartered1949
Primary Regulator
Assets and Liabilities
Assets$141.69 million
Loans$101.87 million
Deposits$128.33 million
Equity Capital$13.69 million
Loan Loss Allowance$308,000
Unbacked Noncurrent Loans$314,000
Real Estate Owned$0
Historic Data - December 2012
Assets$135.78 million
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 Margin3.95%
Return on Assets0.35%
Return on Equity3.59%
Interest Income$4.73 million
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Members First Credit Union Savings Account Rates

1.00%$75k-IRA Share
1.00%$75k-Roth IRA Share
0.20%$25k-Cash Multiplier Savings
0.05%$100-Regular Savings
0.05%$100-Club Account
0.05%--Youth Account

Members First Credit Union Checking Account Rates

1.50%-$25kRewards Checking
0.05%--Rewards Checking

Members First Credit Union CD Rates

1.75%$1k$100k60 Month Certificate
1.75%$500$50k60 Month Structured Savings Certificate
1.20%$1k$100k48 Month Certificate
1.00%$1k$100k36 Month Certificate
0.70%$1k$100k24 Month Certificate
0.50%$1k$100k18 Month Certificate
0.35%$1k$100k12 Month Certificate
0.35%$500$100k6 Month Junior Certificate
0.20%$1k$100k6 Month Certificate
0.05%$1k$100k3 Month Certificate

Members First Credit Union IRA Rates

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 Office44 Bridge StManchester, NH 03101-1619
Branch Office200 Union StManchester, NH 03103-5537
Branch Office886 Central StFranklin, NH 03235-2016