2. Member One Federal Credit Union

Member One Federal Credit Union


Overview / Commentary
www.memberonefcu.com
540-982-8811
202 4th St NE Bldg C
Roanoke, VA 24016

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 302nd largest credit union in the nation. It was established in 1940 and as of June of 2019, it had grown to 257 employees and 123,154 members at 14 locations. Member One Federal Credit Union's money market rates are 4X 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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Reviews (2)

I love my Credit Union

Posted by: Susan | Sep 13, 2014

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.

1

Long Time Customer, Always Happy With Service

Posted by: WilliamWallace | Nov 28, 2016

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.

2


Health
A

Data as of Q2 2019

Learn why bank health matters

Health Grade Components

Overall
NCUA #4035
Year Chartered1940
Employees257
Primary Regulator
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD7.31%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$1.07B$962.0MM
LoansQ2 2019vs Q2 2018$868.3MM$821.8MM
DepositsQ2 2019vs Q2 2018$959.3MM$853.1MM
Equity CapitalQ2 2019vs Q2 2018$98.6MM$89.8MM
Loan Loss AllowanceQ2 2019vs Q2 2018$7.2MM$8.7MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$4.5MM$4.3MM
Real Estate OwnedQ2 2019vs Q2 2018$69.00K$543.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Member One Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Member One Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*-$500Super Squirrels Savings Account
OTHER TIERS: 0.20% → $2k+ | 0.40% → $500 - $2k
0.60%*-$500Generation One Savings Account
OTHER TIERS: 0.20% → $2k+ | 0.40% → $500 - $2k
0.30%$50-Variable Educational(Coverdell) IRA
0.30%$50-Variable IRA Account
0.10%$250-Primary Membership Account
0.10%$100-Other Savings Account
0.10%$100-Vacation Club
0.10%$100-Christmas Club
0.10%$100-Teacher's Club
0.10%$250-Business Savings

Member One Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.90%*$250k*-Choice Money Market Shares
OTHER TIERS: 0.70% → $2k - $10k | 1.00% → $10k - $25k | 1.60% → $25k - $50k | 1.75% → $50k - $100k | 1.85% → $100k - $250k
1.90%*$250k*-Business Money Market Accounts
OTHER TIERS: 0.70% → $2k - $10k | 1.00% → $10k - $25k | 1.60% → $25k - $50k | 1.75% → $50k - $100k | 1.85% → $100k - $250k

Member One Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$50k-Checking Accounts

Member One Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$10k-60 Month CD
2.50%$10k-Business 60 Month CD
2.35%$5k-11 Month CD
2.35%$5k-Business 11 Month CD
2.25%$1k-48-Month CD
2.25%$1k-Business 48-Month CD
2.00%$1k-36-Month CD
2.00%$1k-Business 36-Month CD
1.75%$1k-21-Month CD
1.75%$1k-24-Month CD
1.75%$10k-Business 19-Month CD
1.75%$1k-Business 21-Month CD
1.75%$1k-Business 24-Month CD
1.75%$10k-19-Month CD
1.60%$500-Generation One and Squirrels Club Certificate
1.50%$1k-12-Month CD
1.50%$1k-15-Month CD
1.50%$1k-18-Month CD
1.50%$10k-14-Month CD
1.50%$1k-Business 12-Month CD
1.50%$10k-Business 14-Month CD
1.50%$1k-Business 15-Month CD
1.50%$1k-Business 18-Month CD
1.25%$1k-9-Month CD
1.25%$1k-12-Month CD No Penalty
1.25%$1k-Business 9-Month CD
1.00%$1k-6-Month CD
1.00%$1k-Business 6-Month CD

Member One Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.65%$1k-7 Year IRA
2.50%$1k-5 Year IRA
2.25%$1k-4 Year IRA
2.00%$1k-3 Year IRA
1.75%$1k-2 Year IRA
1.50%$1k-1 Year IRA
Locations

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