Members Plus Credit Union

Members Plus Credit Union Locations
29 High Street
Medford, MA 02155
781-905-1500
www.memberspluscu.org

Members Plus Credit Union is headquartered in Medford and is the 34th largest credit union in the state of Massachusetts. It is also the 817st largest credit union in the nation. It was established in 1940 and as of December of 2011, it had grown to 34 employees and 9,983 members. Members Plus Credit Union has a 5-star health rating.

Members Plus Credit Union Routing Number: 211080709

Related Posts

Checking Bonus and CD Special at Members Plus Credit Union in MA - Local Only - 8/29/2011

Members Plus Credit Union has another promotion that's similar to the one it was offering in April . The first part of the promotion is a $100 bonus for opening a checking account and establishing dir ...

Checking Bonus and 7-Month CD Special at Members Plus Credit Union in MA - Local Only - 4/4/2011

Members Plus Credit Union is having a new-branch special with some good deposit deals. The first one is a $100 bonus for opening a checking account and establishing direct deposit. The $100 will be de ...

3.30% 9-Month CD & 3.51% 24-Month CD at Members Plus Credit Union in MA - 1/27/2009

Members Plus Credit Union is offering several attractive certificate rates. These include a 3.30% APY for 9, 11, 12, 13 and 15-month terms. Competitive long-term CD rates include a 3.51% APY for 24 months, 3.61% APY for 36 months and 4.08% APY for 60...

4.60% 12-Month / 4.34% 9-Month CD at Members Plus Credit Union in MA - 11/2/2008

Update 11/28/08: The credit union's rate table now lists these rates as available only as IRA certificates.Members Plus Credit Union is offering attractive rates on two of its certificates: 4.60% APY 12-month and 4.34% APY 9-month. The minimum deposit is...



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

Members Plus Credit Union Checking Account Rates

ApyMinMaxProduct
0.05%--Members Plus Checking Account

Members Plus Credit Union Savings Account Rates

ApyMinMaxProduct
0.75%$100k-WIIN CLUB
0.50%--HOLIDAY CLUB
0.50%--VACATION CLUB
0.40%--Savings (Share) Account
0.40%--IRA Share Account
0.40%$2k-Coverdell Education Savings Account (ESA)

Members Plus Credit Union Money Market Rates

ApyMinMaxProduct
0.60%$100k-Money Market Account
0.60%$25k-MEMBERS MONEY MARKET (new money only)

Members Plus Credit Union CD Rates

ApyMinMaxProduct
1.77%$500-5 year certificate of deposit
1.51%$500-4 year certificate of deposit
1.31%$500-3 year certificate of deposit
1.06%$500-2 year certificate of deposit
1.01%$500-2 year Step-Up certificate of deposit
0.80%$500-18 month certificate of deposit
0.75%$500-13 month certificate of deposit
0.75%$500-15 month certificate of deposit
0.70%$500-11 month certificate of deposit
0.70%$500-1 year certificate of deposit
0.60%$500-9 month certificate of deposit
0.55%$500-6 month certificate of deposit

Rates updated: 5/26/2012

Data for Q4 2011


Institution Statistics


MEMBERS PLUS
NCUA #66706
BankRate ReportView
Year Chartered1940
Employees34
Primary Regulator

Assets and Liabilities

Assets$217.92 million
Loans$148.24 million
Deposits$180.02 million
Equity Capital$30.40 million
Loan Loss Allowance$350,000
Unbacked Noncurrent Loans$775,000

Historic Data - December 2010

Assets$214.31 million
Equity Capital$29.66 million
Loan Loss Allowance$330,000
Unbacked Noncurrent Loans$1.63 million

Profit Margin - Quarterly

Net Interest Margin3.59%
Return on Assets0.2%
Return on Equity1.46%
Interest Income$8.55 million
Non-Interest Income$569,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Plus Credit Union had $775,000 in non-current loans and owned real-estate with $30.75 million in equity and loan loss allowances on hand to cover it. This gives Members Plus Credit Union a Texas Ratio of 2.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Members Plus Credit Union decreased significantly from 5.44% as of December 31, 2010 to 2.52% as of December 31, 2011, resulting in a positive change of 53.68%.This indicates that the balance sheet and financial strength for Members Plus Credit Union has improved significantly in recent periods.
Deposit Growth4
In the past year, Members Plus Credit Union has increased its total deposits by $2.97 million, resulting in 1.68% 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 Plus Credit Union has shown is above average.
Capitalization5
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 Plus Credit Union has $217.92 million in assets with $30.75 million in equity, resulting in a capitalization level of 14.11%, which is excellent.
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