Overview / Commentary
Memorial Credit Union (TX) is headquartered in Houston and is the 152nd largest credit union in the state of Texas. It is also the 1,905th largest credit union in the nation. It was established in 1953 and as of March of 2025, it had grown to 25 employees and 10,278 members at 5 locations. Memorial Credit Union (TX) has a B health rating.
Field of Membership Restrictions
Memorial Credit Union membership is open to those who live, worship, work, or attend school in Harris County, Texas, or within a 10-mile radius of an MCU branch location. Employees (and their families) of Memorial Hermann Healthcare System are also eligible to join, as are employees of Southwest Quality Molding, Bayland Inc., or Southwest Water Company.
See current membership details
Health
B
Data as of Q1 2025
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Memorial Credit Union (TX) has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 62571 |
| Year Chartered | 1953 |
| Employees | 25 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.2% |
| Return on Equity - YTD | -1.98% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $92.4MM$98.6MM |
| Loans | Q1 2025vs Q1 2024 | $73.6MM$80.2MM |
| Deposits | Q1 2025vs Q1 2024 | $81.9MM$87.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $9.6MM$9.5MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $365K$433K |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $446K$233K |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |