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Overview / Commentary
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 1,894th largest credit union in the nation. It was established in 1953 and as of December of 2017, it had grown to 30 employees and 10,060 members at 5 locations. Memorial Credit Union (TX)'s CD rates are 23% higher than the national average, and it 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.
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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 - YTD0.29%
Return on Equity - YTD3.04%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$74.1MM$74.5MM
LoansQ4 2017vs Q4 2016$62.4MM$60.0MM
DepositsQ4 2017vs Q4 2016$65.7MM$66.9MM
Equity CapitalQ4 2017vs Q4 2016$7.2MM$7.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$356.00K$325.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$408.00K$318.00K
Real Estate OwnedQ4 2017vs Q4 2016$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 Account
OTHER TIERS: 0.15% $200 - $20k | 0.25% $20k - $50k
0.30%*$50k*-Vacation 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 Account
OTHER TIERS: 0.35% $2,500 - $20k | 0.45% $20k - $50k

Memorial Credit Union (TX) Checking Account Rates

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

Memorial Credit Union (TX) CD Rates

1.11%$1k-12 Month CD
0.75%$1k-6 Month CD

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