Members First Credit Union

1445 W. Goodale Blvd
Columbus, OH 43212
800-743-2327
www.members1stcu.org

OverView
Rates
Health
Reviews

Members First Credit Union is headquartered in Columbus and is the 90^th largest credit union in the state of Ohio. It is also the 2,195^th largest credit union in the nation. It was established in 1957 and as of December of 2011, it had grown to 16 employees and 6,973 members. Members First Credit Union has a 5-star health rating.

Members First Credit Union Routing Number: 244077022

2.50% 7-Month CD and Other High CD Rates at Members First Credit Union in Parts of NH & MA - Local Only - 6/26/2009

Update 8/08/09: The CD rates have fallen. Please check the credit union's website for the latest rates.Members First Credit Union is offering several competitive rates on its certificates. First, it's offering a 7-month special with a 2.50% APY for a...

3.01% Reward Checking Account at Members First Credit Union in Parts of NH & MA - Local Only - 6/26/2009

Update 11/09/09: The top rate has fallen to 3.01% APY. Refer to the bottom of the post for the rate history.Members First Credit Union is offering a rewards checking account with the following rates and features if certain monthly requirements are...

Report an Issue

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

Members First Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	-	-	Personal Share Checking Account

Members First Credit Union Savings Account Rates

Apy	Min	Max	Product
0.30%	-	-	Individual Retirement Account
0.30%	-	-	Roth IRA
0.30%	-	-	Coverdell Educational IRA
0.25%	$100	-	Happy Savers Youth Share Savings Account
0.15%	$100	-	Regular Share Savings Account
0.10%	-	-	Christmas Club Account
0.10%	-	-	Special Savers Club Account

Members First Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$50k	-	Money Market Deposit Account

Members First Credit Union CD Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month Share Certificate
1.50%	$500	-	48 Month Share Certificate
1.10%	$500	-	36 Month Share Certificate
0.90%	$500	-	24 Month Share Certificate
0.80%	$500	-	18 Month Share Certificate
0.60%	$500	-	12 Month Share Certificate
0.45%	$25	-	24 Month Savings Builder Certificate
0.40%	$25	-	18 Month Savings Builder Certificate
0.35%	$500	-	6 Month Share Certificate
0.30%	$25	-	12 Month Savings Builder Certificate
0.25%	$500	-	3 Month Share Certificate
0.18%	$25	-	6 Month Savings Builder Certificate
0.13%	$25	-	3 Month Savings Builder Certificate

Members First Credit Union IRA Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month IRA Certificate
1.75%	$500	-	60 Month Roth IRA Certificate
1.75%	$500	-	60 Month Coverdell Educational IRA Certificate
1.50%	$500	-	48 Month IRA Certificate
1.50%	$500	-	48 Month Roth IRA Certificate
1.50%	$500	-	48 Month Coverdell Educational IRA Certificate
1.10%	$500	-	36 Month IRA Certificate
1.10%	$500	-	36 Month Roth IRA Certificate
1.10%	$500	-	36 Month Coverdell Educational IRA Certificate
0.90%	$500	-	24 Month IRA Certificate
0.90%	$500	-	24 Month Roth IRA Certificate
0.90%	$500	-	24 Month Coverdell Educational IRA Certificate
0.80%	$500	-	18 Month IRA Certificate
0.80%	$500	-	18 Month Roth IRA Certificate
0.80%	$500	-	18 Month Coverdell Educational IRA Certificate
0.60%	$500	-	12 Month IRA Certificate
0.60%	$500	-	12 Month Roth IRA Certificate
0.60%	$500	-	12 Month Coverdell Educational IRA Certificate
0.35%	$500	-	6 Month IRA Certificate
0.35%	$500	-	6 Month Roth IRA Certificate
0.35%	$500	-	6 Month Coverdell Educational IRA Certificate
0.25%	$500	-	3 Month IRA Certificate
0.25%	$500	-	3 Month Roth IRA Certificate
0.25%	$500	-	3 Month Coverdell Educational IRA Certificate

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

MEMBERS FIRST
NCUA #	60952
BankRate Report	View
Year Chartered	1957
Employees	16
Primary Regulator
Assets and Liabilities
Assets	$52.17 million
Loans	$29.19 million
Deposits	$45.46 million
Equity Capital	$6.15 million
Loan Loss Allowance	$163,000
Unbacked Noncurrent Loans	$196,000
Historic Data - December 2010
Assets	$47.43 million
Equity Capital	$6.10 million
Loan Loss Allowance	$136,000
Unbacked Noncurrent Loans	$84,000
Profit Margin - Quarterly
Net Interest Margin	4.75%
Return on Assets	0.26%
Return on Equity	2.24%
Interest Income	$2.03 million
Non-Interest Income	$803,000

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, 2011 Members First Credit Union had $196,000 in non-current loans and owned real-estate with $6.31 million in equity and loan loss allowances on hand to cover it. This gives Members First Credit Union a Texas Ratio of 3.11% 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 held steady from 1.35% as of December 31, 2010 to 3.11% as of December 31, 2011, resulting in a negative change of 130.71%. This indicates that the balance sheet and financial strength for Members First Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Members First Credit Union has increased its total deposits by $6.31 million, resulting in 16.11% 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.
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 First Credit Union has $52.17 million in assets with $6.31 million in equity, resulting in a capitalization level of 12.10%, which is excellent.