Overview / Commentary
7789 Southwest fwy Ste 175
Houston, TX 77074-1831

Memorial Credit Union (TX) is headquartered in Houston and is the 151st largest credit union in the state of Texas. It is also the 1,913th largest credit union in the nation. It was established in 1953 and as of December of 2018, it had grown to 31 employees and 9,727 members at 4 locations. Memorial Credit Union (TX)'s CD rates are 2X the national average, and it has a B health rating.

Field of Membership Restrictions

Memorial Credit Union membership is open to: (1) Employees, families, and affiliates of Memorial Hermann Healthcare System. (2) Staff and employees of the following companies within Houston; Memorial Credit Union, Airdyne, El Campo Hospital, Bayland, Incorporated - SW Quality Molding, Pipeline Inspection Company, Kobelco Construction Machinery America, LLC, Quietaire, Speed Shore and Spectrum Corporations, and the Texas Eye Institute and (3) Family, community and anyone living, working, attending school or church within 10 miles of any one of the credit union offices.
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Additional 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

NCUA #62571
Year Chartered1953
Primary Regulator
Profit Margin
Return on Assets - YTD0.31%
Return on Equity - YTD3.06%
Annual Interest Income$3.7MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$73.5MM$74.1MM
LoansQ4 2018vs Q4 2017$62.5MM$62.4MM
DepositsQ4 2018vs Q4 2017$65.4MM$65.7MM
Equity CapitalQ4 2018vs Q4 2017$7.5MM$7.2MM
Loan Loss AllowanceQ4 2018vs Q4 2017$392.00K$356.00K
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$549.00K$408.00K
Real Estate OwnedQ4 2018vs Q4 2017$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Memorial Credit Union (TX) Savings Account Rates

0.45%*$50k*-IRA Account
OTHER TIERS: 0.25% $200 - $20k | 0.35% $20k - $50k
0.30%*$50k*-Primary Savings
OTHER TIERS: 0.15% $200 - $20k | 0.25% $20k - $50k
0.30%*$50k*-Vacation Club
OTHER TIERS: 0.15% $200 - $20k | 0.25% $20k - $50k
0.30%*$50k*-Christmas Club Account
OTHER TIERS: 0.15% $200 - $20k | 0.25% $20k - $50k
0.30%*$50k*-Young and Teen Investors
OTHER TIERS: 0.15% $200 - $20k | 0.25% $20k - $50k

Memorial Credit Union (TX) Money Market Rates

0.50%*$50k*-Money Market Checking
OTHER TIERS: 0.35% $2.5k - $20k | 0.45% $20k - $50k

Memorial Credit Union (TX) Checking Account Rates

0.15%*$50k*-Premier Checking
OTHER TIERS: 0.03% $500 - $20k | 0.08% $20k - $50k
0.15%*$50k*-Premier Plus Checking
OTHER TIERS: 0.03% $500 - $20k | 0.08% $20k - $50k

Memorial Credit Union (TX) CD Rates

2.00%$1k-12 Month CD Special
1.10%$1k-12 Month CD
0.75%$1k-6 Month CD

Memorial Credit Union (TX) IRA Rates

2.00%$1k-12 Month IRA Special
1.10%$100-12 Month IRA
0.75%$100-6 Month IRA

Memorial Credit Union (TX) Locations
Branch Office915 Gessner Rd Ste 180Houston, TX 77024
Branch Office7789 Southwest Fwy ste 120Houston, TX 77074-1830
Branch Office7500 Beechnut StHouston, TX 77074-4335
Branch Office1740 W 27th St Ste 170Houston, TX 77008

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