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Not Federally Insured
208-523-0090
P.O. Box 2200
Idaho Falls, ID 83403

Members Preferred Credit Union is headquartered in Idaho Falls and is the 27th largest credit union in the state of Idaho. It is also the 3,488th largest credit union in the nation. It was established in 1968 and as of December of 2013, it had grown to 8 employees and 3,681 members. Members Preferred Credit Union has a C health rating.

Field of Membership Restrictions

Membership in Members Preferred Credit union is limited to certain groups and their family members in the following counties: Bingham, Bonneville, Jefferson, Madison, Fremont, and Teton Counties of Idaho and Lincoln and Teton Counties of Wyoming. Please contact the credit union to determine your eligibility for membership. - See Details

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Health

Data for Q4 2013

Institution Health

C
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Members Preferred Credit Union has a low asset base.

Texas Ratio

GRADE:
B+

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 Preferred Credit Union had $291,000 in non-current loans and owned real-estate with $2 million in equity and loan loss allowances on hand to cover it. This gives Members Preferred Credit Union a Texas Ratio of 14.55% which is above average. 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 Preferred Credit Union increased slightly from 0.77% as of December 31, 2012 to 14.55% as of December 31, 2013, resulting in a negative change of 1,780.07%. This indicates that the balance sheet and financial strength for Members Preferred Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Members Preferred Credit Union has decreased its total deposits by $-892,000, resulting in -4.57% 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 Preferred Credit Union has shown is below average.

Capitalization

GRADE:
B

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 Preferred Credit Union has $20.37 million in assets with $2 million in equity, resulting in a capitalization level of 9.82%, which is above average.

Institution Statistics

Overall
NCUA #82547
Year Chartered1968
Employees8
Primary Regulator
Assets and Liabilities
Assets$20.37 million
Loans$12.60 million
Deposits$18.63 million
Equity Capital$1.77 million
Loan Loss Allowance$234,000
Unbacked Noncurrent Loans$291,000
Real Estate Owned$0
Historic Data - December 2012
Assets$21.06 million
Equity Capital$1.56 million
Loan Loss Allowance$251,000
Unbacked Noncurrent Loans$291,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.39%
Return on Assets1.02%
Return on Equity11.78%
Interest Income$748,000
Rates
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Members Preferred Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.05%--IRA Shares

Members Preferred Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
0.20%$500-24 Month CD
0.20%$500-36 Month CD
0.20%$500-5 Year CD
0.10%$500-12 Month CD
Locations


Members Preferred Credit Union Locations
Branch Office1515 Hoopes AveIdaho Falls, ID 83404