Memorial Credit Union (TX)

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	HOW THEY COMPARE
1.10%	1-year CD	2.75% - Barclays 12 Month Online CD
0.30%	Savings	2.20% - Barclays Online Savings Account
0.50%	Money Market	2.10% - American Express National Bank High Yield Savings 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 1,913^th 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.
See current membership details

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Health

Data as of Q4 2018

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	0.31%
Return on Equity - YTD	3.06%
Annual Interest Income	$3.7MM

Assets and Liabilities
Assets	Q4 2018vs Q4 2017	$73.5MM$74.1MM
Loans	Q4 2018vs Q4 2017	$62.5MM$62.4MM
Deposits	Q4 2018vs Q4 2017	$65.4MM$65.7MM
Equity Capital	Q4 2018vs Q4 2017	$7.5MM$7.2MM
Loan Loss Allowance	Q4 2018vs Q4 2017	$392.00K$356.00K
Unbacked Noncurrent Loans	Q4 2018vs Q4 2017	$549.00K$408.00K
Real Estate Owned	Q4 2018vs Q4 2017	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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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
0.30%^*	$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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	$50k^*	-	Money Market Checking
OTHER TIERS: 0.35% → $2.5k - $20k \| 0.45% → $20k - $50k

Memorial Credit Union (TX) Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
2.00%	$1k	-	12 Month IRA Special
1.10%	$100	-	12 Month IRA
0.75%	$100	-	6 Month IRA

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	1740 W 27th St Ste 170	Houston, TX 77008

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