Members Choice Credit Union is headquartered in Houston and is the 44th largest credit union in the state of Texas. It is also the 530th largest credit union in the nation. It was established in 1941 and as of December of 2020, it had grown to 123 employees and 38,584 members at 9 locations. Members Choice Credit Union has a B health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, attend school, or own a business operating in the Texas communities of Katy, Cy-Fair, Humble/Kingwood, or Harris County (west of I-45). Employees of more than 200 Partner Companies (listed on the online application) also qualify for membership.
See current membership details
my fcu
I've been with my local fcu for about 4 years now. Their products are competitive for the most part. I only have a savings and checking account with them now. Their fees are much better than a national bank but their interest payout is slightly below average for banks in general. I've investigated their auto loans which I will be using in the next year. Their advertised rates are better than the national average and I have spoken with a loan officer and I'm rather certain I will be able to get an even better rate with just above average credit. This is due to my history with them thus far. Their customer service is second to none. I've used 8 different national and local banks in the last decade and my current institution is head and shoulders above them in terms of service.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 67508 |
| Year Chartered | 1941 |
| Employees | 123 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.47% |
| Return on Equity - YTD | -6% |
| Annual Interest Income | $20.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $668.0MM$609.0MM |
| Loans | Q4 2020vs Q4 2019 | $422.2MM$444.7MM |
| Deposits | Q4 2020vs Q4 2019 | $590.1MM$519.9MM |
| Equity Capital | Q4 2020vs Q4 2019 | $52.3MM$56.5MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $2.9MM$2.0MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $12.5MM$17.4MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |