Memorial Credit Union (TX)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
0.20%	Savings	Primary Savings Account 1.20% - Goldman Sachs Bank USA Online Savings
0.10%	1-year CD	12 Month CD 1.35% - Ally Bank High Yield 12-Month CD
0.25%	Money Market	Money Market Account 0.85% - Ally Bank Money Market Account

View all Memorial Credit Union (TX) rates »

Overview / Commentary

www.memorialcu.org

713-778-4400

7789 Southwest fwy Ste 175
Houston, TX 77074-1831

Memorial Credit Union (TX) is headquartered in Houston and is the 151^st largest credit union in the state of Texas. It is also the 1,915^th largest credit union in the nation. It was established in 1953 and as of March of 2017, it had grown to 31 employees and 10,239 members at 5 locations. Memorial Credit Union (TX) has a B+ health rating.

Field of Membership Restrictions

Membership is open to employees of Memorial Hermann Healthcare System, El Campo Hosptial, Airdyne, Kobelco Construction Machinery America, LLC, Bayland, Inc. – SW Quality Molding, Pipeline Inspection Company, Quietaire, Spectrum Corporation, Speed Shore Corporation, Texas Eye Institute. Membership is also open to anyone living within a 10-mile radius of any credit union office.
See current membership details

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Health

B+

Data as of Q1 2017

Learn why bank health matters

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

Overall
NCUA #	62571
Year Chartered	1953
Employees	31
Primary Regulator

Profit Margin
Return on Assets - YTD	0.05%
Return on Equity - YTD	0.57%
Annual Interest Income	$853.00K

Assets and Liabilities
Assets	Q1 2017vs Q1 2016	$74.3MM$71.6MM
Loans	Q1 2017vs Q1 2016	$61.0MM$55.5MM
Deposits	Q1 2017vs Q1 2016	$66.8MM$63.7MM
Equity Capital	Q1 2017vs Q1 2016	$7.0MM$6.9MM
Loan Loss Allowance	Q1 2017vs Q1 2016	$333.00K$352.00K
Unbacked Noncurrent Loans	Q1 2017vs Q1 2016	$260.00K$96.00K
Real Estate Owned	Q1 2017vs Q1 2016	$0$0

Rates

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Money Market
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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

APY	MIN	MAX	ACCOUNT NAME
0.45%^*	$50k^*	-	IRA Account
OTHER TIERS: 0.25% → $200 - $20k \| 0.35% → $20k - $50k
0.20%^*	$50k^*	-	Primary Savings Account
OTHER TIERS: 0.05% → $200 - $20k \| 0.15% → $20k - $50k
0.20%^*	$50k^*	-	Vacation Club Account
OTHER TIERS: 0.05% → $200 - $20k \| 0.15% → $20k - $50k
0.20%^*	$50k^*	-	Young and Teen Investors
OTHER TIERS: 0.05% → $200 - $20k \| 0.15% → $20k - $50k

Memorial Credit Union (TX) Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.25%^*	$50k^*	-	Money Market Account
OTHER TIERS: 0.10% → $2,500 - $20k \| 0.20% → $20k - $50k

Memorial Credit Union (TX) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%^*	$50k^*	-	Premier Checking Account
OTHER TIERS: 0.03% → $500 - $20k \| 0.08% → $20k - $50k

Memorial Credit Union (TX) CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%	$1k	-	12 Month CD
0.07%	$1k	-	6 Month CD

Locations

Memorial Credit Union (TX) Locations
Branch Office	915 Gessner Rd Ste 180	Houston, TX 77024
Branch Office	7789 Southwest Fwy ste 120	Houston, TX 77074-1830
Branch Office	7500 Beechnut St	Houston, TX 77074-4335
Branch Office	6400 Fannin St Ste 10	Houston, TX 77030-1521
Branch Office	1740 W 27th St Ste 170	Houston, TX 77008