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Memorial Credit Union (TX)

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.20%SavingsPrimary Savings Account
0.25%Money MarketMoney Market Account
0.15%CheckingPremier Checking Account

Overview / Commentary
713-778-4400
7789 Southwest fwy Ste 175
Houston, TX 77074-1831

Memorial Credit Union (TX) is headquartered in Houston and is the 147th largest credit union in the state of Texas. It is also the 1,892nd largest credit union in the nation. It was established in 1953 and as of June of 2016, it had grown to 36 employees and 10,137 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+
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 Chartered1953
Employees36
Primary Regulator
Profit Margin
Return on Assets - YTD0.32%
Return on Equity - YTD3.32%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$73.4MM$70.8MM
LoansQ2 2016vs Q2 2015$56.9MM$47.4MM
DepositsQ2 2016vs Q2 2015$65.7MM$63.3MM
Equity CapitalQ2 2016vs Q2 2015$6.9MM$6.9MM
Loan Loss AllowanceQ2 2016vs Q2 2015$340.00K$452.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$174.00K$232.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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*-Christmas Club Account
OTHER TIERS: 0.05% $200 - $20k | 0.15% $20k - $50k
0.20%*$50k*-Young and Teen Investor Account
OTHER TIERS: 0.05% $200 - $20k | 0.15% $20k - $50k

Memorial Credit Union (TX) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$50k*-Premier Checking Account
OTHER TIERS: 0.03% $500 - $20k | 0.08% $20k - $50k
Locations


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 Office6400 Fannin St Ste 10Houston, TX 77030-1521
Branch Office1740 W 27th St Ste 170Houston, TX 77008