Members CU (NC)

Overview / Commentary
2098 Frontis Plaza Blvd Ste A
Winston Salem, NC 27113-5297

Members CU (NC) is headquartered in Winston Salem and is the 14th largest credit union in the state of North Carolina. It is also the 773rd largest credit union in the nation. It was established in 1953 and as of September of 2023, it had grown to 107 employees and 50,115 members at 16 locations. Members CU (NC)'s money market rates are 4X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in Members Credit Union is open to those who live, work, worship, or attend school in the North Carolina counties of Duplin, Sampson, Surry, Wilkes, or Yadkin, or within a 25-mile radius of Hope Mills. Those who join the Carolinas Credit Union Foundation ($15 fee), the North Carolina Consumers Council ($10 fee), or the Hispanic League of the Piedmont Triad ($10 fee) are also eligible for membership.
See current membership details

Reviews (3)

Members Credit Union in Newton, NC

Posted by: |

This is the best credit union I ever had accounts with. I started using them when I got a job that was local to their area and could join them due to that. Starting with a checking account that had direct deposit. The process was flawless. I received excellent service from day one. The tellers are always friendly and seem to want to help you wit any need or question you may have. I liked them so much that I started an IRA account with them with their interest rates being higher than any other option I could find with all the banks in the area.

Too Small To Make Me Stay

I signed up for an checking account with Members Credit Union in Newton, NC because my work place was associated with them. I was thinking that I would receive wonderful customer service with my checking and savings accounts. I set up my direct deposit the following week. After just a couple of weeks, my paychecks were still not being deposited because the credit union had not verified my account. I stuck with them thinking that maybe it was just a busy time of year. Since we've had them, any debits that we process via our cards either post immediately or wait 2 weeks to post. Their systems are obviously not up to date.

New Members

Posted by: |

My husband and I were interested in opening accounts for ourselves at Members Credit Union in Winston-Salem, NC.  We were greeted by a receptionist who took our names and our reason for being there and asked us to wait to see someone in "Member Services."  We took a seat and waited about ten minutes before a woman from one of the side offices, came out to us and said "Y'all can come in."  No "Hello, Mr. and Mrs. X"(the receptionist took our names so she could have passed them onto this woman),"My name is . . ."  "No How are you today?  What can I do for you?"  Not even a handshake.  Her radio was on in her office when we walked in and she did not lower the volume nor did she turn it off.

When my husband mentioned that their CD rates were high and have stayed that way for a while and wondered how that had been possible, she merely shrugged her shoulders and said "I don't know."  Furthermore, she did not know that their rates had changed as of January 1, 2013 - the new rates were not posted on the website - 3 days after the change.  These newly changed rates were lower than previously paid.  This gave us an excellent opportunity to thank her for her time and get out of there.

The whole experience left us with a very bad taste in our mouths.  The first Member Services representative's office was decorated as a shrine to a Hispanic colleague who died recently.  I am sorry for the loss of a valued colleague but you do not leave his office as a shrine by the main lobby weeks after he died.  A business should present itself and its employees in a professional manner if they intend to stay competitive with other financial institutions. 

We were not impressed and we will not attempt to do any business with this Credit Union in the future even if their rates are somewhat better than their competition.  Being treated professionally and as valued potential customers/clients carries a great deal of weight with us as I am sure that it would with other people who want to take good care of their finances as well.


Health Grade Components

NCUA #60002
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD13.4%
Annual Interest Income$15.6MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$446.5MM$475.9MM
LoansQ3 2023vs Q3 2022$190.9MM$185.1MM
DepositsQ3 2023vs Q3 2022$386.9MM$423.1MM
Equity CapitalQ3 2023vs Q3 2022$55.5MM$49.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$3.2MM$1.3MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$2.4MM$1.7MM
Real Estate OwnedQ3 2023vs Q3 2022$92K$98K
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Always verify rates and promotions with the bank or credit union. We are not Members CU (NC); 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.

Members CU (NC) Savings Account Rates

2.12%*$250k*-Super 60 Savings Account
OTHER TIERS: 0.60% $600 - $50k | 1.36% $50k - $100k | 1.82% $100k - $250k
1.01%$25-IRA Shares
0.60%$25-Regular Share Account
0.60%$25-Trust Accounts
0.60%$25-Custodian Accounts
0.15%$25-Christmas Club
0.15%$25-Vacation Club

Members CU (NC) Money Market Rates

1.92%*$250k*-Money Market Account
OTHER TIERS: 0.60% $500 - $50k | 1.26% $50k - $100k | 1.71% $100k - $250k

Members CU (NC) Checking Account Rates

0.01%$25-Regular Checking Account
0.01%--MyFi Checking Account

Members CU (NC) CD Rates

3.51%$2k-24 Month CD
3.51%$2k-36 Month CD
3.51%$2k-60 Month CD
3.30%$2k-12 Month CD
3.30%$2k-18 Month CD
3.10%$500-6 Month CD
3.10%$50k-6 Month Jumbo CD

Members CU (NC) IRA Rates

3.51%$2k-24 Month IRA
3.51%$2k-36 Month IRA
3.51%$2k-60 Month IRA
3.30%$2k-12 Month IRA


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