Member One Federal Credit Union

Overview / Commentary
625 Williamson RD NE
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 287th largest credit union in the nation. It was established in 1940 and as of June of 2023, it had grown to 319 employees and 148,940 members at 14 locations. Member One Federal Credit Union's CD 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

Reviews (2)

I love my Credit Union

Posted by: |

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.


Health Grade Components

NCUA #4035
Year Chartered1940
Primary Regulator
Profit Margin
Return on Assets - YTD0.69%
Return on Equity - YTD7.54%
Annual Interest Income$34.0MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$1.62B$1.48B
LoansQ2 2023vs Q2 2022$1.43B$1.25B
DepositsQ2 2023vs Q2 2022$1.40B$1.33B
Equity CapitalQ2 2023vs Q2 2022$146.1MM$138.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$5.7MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$6.6MM$5.3MM
Real Estate OwnedQ2 2023vs Q2 2022$0$0
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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

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
0.10%$250-Primary Membership Account
0.10%$100-Other Savings Account
0.10%$100-Vacation Club
0.10%$100-Christmas Club
0.10%$50-Educational IRA (Coverdell)
0.10%$50-IRA Regular Savings
0.10%$250-Business Savings

Member One Federal Credit Union Money Market Rates

1.00%*$250k*-Choice Money Market Shares
OTHER TIERS: 0.50% $2k - $10k | 0.60% $10k - $25k | 0.70% $25k - $50k | 0.80% $50k - $100k | 0.90% $100k - $250k
1.00%*$250k*-Business Money Market Accounts
OTHER TIERS: 0.50% $2k - $10k | 0.60% $10k - $25k | 0.70% $25k - $50k | 0.80% $50k - $100k | 0.90% $100k - $250k

Member One Federal Credit Union Checking Account Rates

0.05%$50k-Checking Accounts

Member One Federal Credit Union CD Rates

5.20%$10k-10 Month CD Special - New Money
5.20%$10k-Business 10 Month CD Special - New Money
4.00%$500-12 Month Super Squirrels Share Certificate
4.00%$500-12 Month Generation One Share Certificate
4.00%$1k-12 Month CD Special
4.00%$1k-Business 12 Month CD Special
3.25%$1k-15 Month CD
3.25%$1k-Business 15 Month CD
1.10%$10k-60 Month CD
1.10%$10k-Business 60 Month CD
1.00%$1k-48 Month CD
1.00%$1k-Business 48 Month CD
0.80%$1k-36 Month CD
0.80%$1k-Business 36 Month CD
0.70%$1k-21 Month CD
0.70%$1k-24 Month CD
0.70%$10k-Business 19 Month CD
0.70%$1k-Business 21 Month CD
0.70%$1k-Business 24 Month CD
0.70%$10k-19 Month CD
0.60%$1k-18 Month CD
0.60%$10k-14 Month CD
0.60%$5k-11 Month CD
0.60%$5k-Business 11 Month CD
0.60%$10k-Business 14 Month CD
0.60%$1k-Business 18 Month CD
0.50%$1k-9 Month CD
0.50%$1k-Business 9 Month CD
0.45%$1k-6 Month CD
0.45%$1k-Business 6 Month CD
0.25%$1k-12 Month No Penalty CD

Member One Federal Credit Union IRA Rates

4.00%$1k-1 Year IRA Special
1.25%$1k-7 Year IRA
1.10%$1k-5 Year IRA
1.00%$1k-4 Year IRA
0.80%$1k-3 Year IRA
0.70%$1k-2 Year IRA


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