Member One Federal Credit Union is headquartered in Roanoke and is the 11th largest credit union in the state of Virginia. It is also the 297th largest credit union in the nation. It was established in 1940 and as of December of 2020, it had grown to 271 employees and 132,272 members at 13 locations. Member One Federal Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.
Field of Membership Restrictions
Membership in Member One Federal Credit Union is open to those who live, work, worship, or attend school in Franklin or Montgomery Counties or in Altavista, Radford, or Vinton, Virginia. Membership is also open to those who live, work, attend school or worship in select areas of Amherst, Bedford, Botetourt, Campbell, Forest, Lynchburg, Roanoke, or Salem, Viriginia or select areas of Pittsylvania County.
See current membership details
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I love my Credit Union
I would never leave my credit union. The main objective of my credit union, like all others, is to support its customers rather than its stock holders. Credit Unions are smaller and more personal than a large bank. When I enter my Credit Union I know the employees by name and they know who I am as well. I have never been made to feel like a number when I call; instead I am treated as if I am the most important person that has contacted them all day. My credit union has given me the best rates when I bought a car, and was first in line to offer me an outstanding rate on my home improvement loan. I have one of the largest banks and despite the benefit of lowered rates on their services for being an employee as well as the country wide availability of ATMs and branches, they still couldn't meet the level of service or competitive rates offered by my local credit union.
Long Time Customer, Always Happy With Service
My wife and I have had a checking and savings account with MemberOne FCU for over a decade. They've never charged unreasonable fees and there are enough locations in our area that convenience is not a problem. The staff is always efficient whether you're visiting inside, going through the drive-thru, or banking online. Their online services allow you to keep track of your spending without keeping a written account. It also allows you to move money between accounts or pay your bills. Currently my paycheck is direct deposited into my MemberOne account. I also have a visa check/debit card from MemberOne so I rarely ever have to carry cash. If I need to check my balance I can do so over the phone or through my mobile browser in just a few minutes. Overall, I'm completely satisfied with MemberOne Credit Union.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 4035 |
| Year Chartered | 1940 |
| Employees | 271 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.74% |
| Return on Equity - YTD | 8.53% |
| Annual Interest Income | $47.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $1.31B$1.13B |
| Loans | Q4 2020vs Q4 2019 | $1.03B$941.8MM |
| Deposits | Q4 2020vs Q4 2019 | $1.19B$1.01B |
| Equity Capital | Q4 2020vs Q4 2019 | $111.5MM$101.9MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $7.9MM$7.2MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $5.2MM$5.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$26.00K |
