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Overview / Commentary
859-259-3466
440 Park Pl
Lexington, KY 40511-1829

Members Heritage Credit Union is headquartered in Lexington and is the 6th largest credit union in the state of Kentucky. It is also the 619st largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 100 employees and 44,339 members. Members Heritage Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Lexington with the following zip codes: 40502, 40504, 40505, 40507, 40508, 40509, 40510, 40511 or 40517. Also open to employees of several Select Employee Groups in Kentucky and Indiana. - See Details

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Health

Data for Q1 2014

Institution Health

B+

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 Heritage Credit Union had $2.39 million in non-current loans and owned real-estate with $39.08 million in equity and loan loss allowances on hand to cover it. This gives Members Heritage Credit Union a Texas Ratio of 6.13% 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 Heritage Credit Union experienced no significant changes from 4.69% as of March 31, 2013 to 6.13% as of March 31, 2014, resulting in a negative change of 30.69%. This indicates that the balance sheet and financial strength for Members Heritage Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
C

In the past year, Members Heritage Credit Union has decreased its total deposits by -$5.12 million, resulting in -1.61% 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 Heritage Credit Union has shown is average.

Capitalization

GRADE:
A

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 Heritage Credit Union has $352.61 million in assets with $39.08 million in equity, resulting in a capitalization level of 11.08%, which is excellent.

Institution Statistics

Overall
NCUA #13638
Year Chartered1960
Employees100
Primary Regulator
Assets and Liabilities
Assets$352.61 million
Loans$183.75 million
Deposits$311.95 million
Equity Capital$36.68 million
Loan Loss Allowance$2.39 million
Unbacked Noncurrent Loans$2.13 million
Real Estate Owned$268,000
Historic Data - March 2013
Assets$354.16 million
Equity Capital$33.49 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$2.13 million
Real Estate Owned$18,000
Profit Margin - Quarterly
Return on Assets0.21%
Return on Equity1.98%
Interest Income$2.85 million
Rates
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Members Heritage Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.50%$250-Teen Term Share Certificate
0.20%$500-Coverdell Education Savings
0.20%$500-Traditional IRA Savings
0.20%$500-Roth IRA Savings
0.10%--Regular Share
0.10%--Christmas Club

Members Heritage Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Money Market Share Draft Account

Members Heritage Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.61%$500-5 Year CD
1.31%$500-4 Year CD
1.05%$500-3 Year CD
0.75%$500-2 Year CD
0.50%$500-1 Year CD
0.20%$500-182 Day CD
0.10%$500-91 Day CD

Members Heritage Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.61%$1k-60 Month Traditional IRA
1.31%$1k-48 Month Traditional IRA
1.05%$1k-36 Month Traditional IRA
0.75%$1k-24 Month Traditional IRA
0.50%$1k-12 Month Traditional IRA
Locations


Members Heritage Credit Union Locations
Branch Office3202 Custer DrLexington, KY 40517-4025
Branch Office3301 Leestown Rd Federal Medical CenterLexington, KY 40511-8702
Branch Office13 Putnam PlzGreencastle, IN 46135-9418
Branch Office1039 N Main StNicholasville, KY 40356-2312
Branch Office339 Shoppers DrWinchester, KY 40391-1379
Branch Office740 W New Circle Rd Lexmark Building 003Lexington, KY 40511-1806
Branch Office440 Park PlLexington, KY 40511-1829
Branch Office2420 Members WayLexington, KY 40504