Mobiloil Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.94% | 5-year CD | 3.10% - Barclays 60 Month Online CD |
| 2.84% | 4-year CD | 2.90% - Barclays 48 Month Online CD |
| 2.63% | 3-year CD | 2.85% - Barclays 36 Month Online CD |
Mobiloil Federal Credit Union is headquartered in Beaumont and is the 30th largest credit union in the state of Texas. It is also the 377th largest credit union in the nation. It was established in 1935 and as of December of 2018, it had grown to 191 employees and 56,518 members at 10 locations. Mobiloil Federal Credit Union's money market rates are 3X the national average, and it has a B+ health rating.
Field of Membership Restrictions
Membership is open to those who live, work, worship, and attend school in Jefferson, Hardin, Jasper, Orange, Newton, Chambers, Liberty and Tyler Counties, and business and organizations of those eligible. Membership is also open to family of existing members.
See current membership details
Related Posts
Some Of The Best Rates Nationwide...
My wife and I just opened Roth IRA share certificates with Mobil Oil Federal Credit Union. We looked around for the best rates available and MOFCU had the top 5 year rates. We might not get rich on the 2.53% APY however its an improvement over what Pentagon Fed Credit Union was offering for renewal of the CDs.
They were very helpful in setting up the accounts but note we did go to a local office in person. It was well worth the 45 minute investment.
ADDED::
After 4 years with MOFCU, my enthusiasm has dropped like their interest rates. Our 5 year CDs will mature in 2019 which will be moved to Navy Federal Credit Union thus closing our MOFCU accounts.
Awful Experience
They blocked so many nickel and dime credit card transactions due to “fraud” at the post office for a couple dollars, Exxonmobil gas stations, homedepot, a pea in the pod, and more. The after hours line is AWFUL for unblocking transactions! I HATED constantly calling them to unblock my wife and I’s cards during hours and after hours, what a nightmare
Also, there rates suck, not really better then non-credit unions. They may be setup like a credit union, but they always had higher rates and fees then most other brick and mortar banks I checked with for loans.
I banked with them for 5 years and can count on one hand the amount of overdraft fees with fingers to spare. Recently, a bill debit’d my account 3 times causing me to incur 3 late fees. Mobil refused to offer any credits. Ok, whatever, you can have the $90 total!
The website is cheap like one of there nephews in high school did it. It is atrocious to use on a Mobil phone, which I was using because their app was not any better! I could see the board, which is comprised of locals from Beaumont, saying to one another “hey does your brothers nephew taking a web design class in high school.”
Bad Management And Doesnt Want Your Business
After deposit of large sum which I got from ING savings they put a 7 business day hold, after asking to see manager twice the teller told me Ok 5 days hold. Wow you would think they have seen 1000s of these checks from savings plan. Maybe they think ING wouldn't cover the check, guess I can go another week without central air, Thank MOFCU
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 491 |
| Year Chartered | 1935 |
| Employees | 191 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.43% |
| Return on Equity - YTD | 11.71% |
| Annual Interest Income | $31.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $805.9MM$788.0MM |
| Loans | Q4 2018vs Q4 2017 | $656.1MM$600.6MM |
| Deposits | Q4 2018vs Q4 2017 | $592.2MM$620.7MM |
| Equity Capital | Q4 2018vs Q4 2017 | $98.8MM$87.2MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $6.2MM$5.8MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $4.7MM$3.0MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Mobiloil Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Mobiloil Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.20% | - | - | Share Accounts | |
| 0.20% | - | - | IRA Savings | |
| 0.20% | - | - | Christmas Club | |
| 0.20% | - | - | Vacation Club |
Mobiloil Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.40%* | $25k* | - | Smart Flex Money Market - New Money | ||
| OTHER TIERS: 0.50% → Up to $10k | 0.75% → $10k - $25k | |||||
| 0.50%* | $50k* | - | Money Management | ||
| OTHER TIERS: 0.30% → $2k - $20k | 0.40% → $20k - $50k | |||||
Mobiloil Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.50%* | $10k* | $20k | Smart Plus Checking | ||
| OTHER TIERS: 0.50% → $1k+ | 1.50% → $5k - $10k | 2.00% → $20k - $25k | |||||
Mobiloil Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.94% | $1k | - | 5 Year CD | |
| 2.84% | $1k | - | 4 Year CD | |
| 2.73% | $1k | - | 4 Year Bump Rate CD | |
| 2.63% | $1k | - | 3 Year CD | |
| 2.53% | $1k | - | 24 Month CD | |
| 2.43% | $1k | - | 2 Year Bump Rate CD | |
| 2.12% | $1k | - | 18 Month CD | |
| 2.02% | $1k | - | 12 Month CD | |
| 1.26% | $1k | - | 6 Month CD | |
| 1.26% | $250 | - | GenerationREAL 6 Month CD | |
| 1.16% | $1k | - | 3 Month CD |
Mobiloil Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.94% | $1k | - | 5 Year IRA | |
| 2.84% | $1k | - | 4 Year IRA | |
| 2.73% | $1k | - | 4 Year Bump Rate IRA | |
| 2.63% | $1k | - | 3 Year IRA | |
| 2.53% | $1k | - | 24 Month IRA | |
| 2.12% | $1k | - | 18 Month IRA | |
| 2.02% | $1k | - | 12 Month IRA | |
| 1.26% | $1k | - | 6 Month IRA | |
| 1.26% | $250 | - | GenerationREAL 6 Month IRA | |
| 1.16% | $1k | - | 3 Month IRA |
| Beaumont Branches | ||
|---|---|---|
| Branch Office | 1810 N Major Dr | Beaumont, TX 77713 |
| Branch Office | 4285 Treadway Rd | Beaumont, TX 77706 |
| Branch Office | 2050 Carroll St | Beaumont, TX 77701 |
| Branch Office | 3535 Calder Ave | Beaumont, TX 77706 |
| Jasper Branches | ||
|---|---|---|
| Branch Office | 465 E Gibson St | Jasper, TX 75951 |
| Lumberton Branches | ||
|---|---|---|
| Branch Office | 604 S Main St | Lumberton, TX 77657 |
| Mont Belvieu Branches | ||
|---|---|---|
| Branch Office | 11250 Eagle Drive | Mont Belvieu, TX 77523 |
| Nederland Branches | ||
|---|---|---|
| Branch Office | 1131 S Highway 69 | Nederland, TX 77627-7716 |
| Silsbee Branches | ||
|---|---|---|
| Branch Office | 408 Highway 96 S | Silsbee, TX 77656 |
| Vidor Branches | ||
|---|---|---|
| Branch Office | 1100 N Main St | Vidor, TX 77662 |