Memorial Hermann Credit Union

Memorial Hermann Credit Union is headquartered in HOUSTON and is the 137^th largest credit union in the state of Texas. It is also the 1,889^th largest credit union in the nation. It was established in 1953 and as of December of 2011, it had grown to 34 employees and 11,579 members. Memorial Hermann Credit Union's savings rates are 92% higher than the national average, and it has a 4-star health rating.

Memorial Hermann Credit Union Checking Account Rates

Memorial Hermann Credit Union Savings Account Rates

Memorial Hermann Credit Union Money Market Rates

Memorial Hermann Credit Union CD Rates

Data for Q4 2011

Institution Statistics MEMORIAL NCUA # 62571 BankRate Report View Year Chartered 1953 Employees 34 Primary Regulator Assets and Liabilities Assets $66.02 million Loans $38.66 million Deposits $59.73 million Equity Capital $6.15 million Loan Loss Allowance $502,000 Unbacked Noncurrent Loans $574,000 Historic Data - December 2010 Assets $57.81 million Equity Capital $6.09 million Loan Loss Allowance $472,000 Unbacked Noncurrent Loans $429,000 Profit Margin - Quarterly Net Interest Margin 7.38% Return on Assets 0.08% Return on Equity 0.89% Interest Income $3.29 million Non-Interest Income $2.15 million

Institution Health Overall Score: 4 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 Memorial Hermann Credit Union had $574,000 in non-current loans and owned real-estate with $6.65 million in equity and loan loss allowances on hand to cover it. This gives Memorial Hermann Credit Union a Texas Ratio of 8.63% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Memorial Hermann Credit Union held steady from 6.54% as of December 31, 2010 to 8.63% as of December 31, 2011, resulting in a negative change of 32.07%. This indicates that the balance sheet and financial strength for Memorial Hermann Credit Union has held steady in recent periods. Deposit Growth In the past year, Memorial Hermann Credit Union has increased its total deposits by $8.37 million, resulting in 16.29% 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 Memorial Hermann 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. Memorial Hermann Credit Union has $66.02 million in assets with $6.65 million in equity, resulting in a capitalization level of 10.07%, which is above average.

No reviews have been left for this bank yet. Be the first to review.