Mobiloil Federal Credit Union

Overview / Commentary
3535 Calder Ave
Beaumont, TX 77706

Mobiloil Federal Credit Union is headquartered in Beaumont and is the 31st largest credit union in the state of Texas. It is also the 394th largest credit union in the nation. It was established in 1935 and as of September of 2022, it had grown to 254 employees and 73,171 members at 12 locations. Mobiloil Federal Credit Union's CD rates are 3X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in Mobiloil Federal Credit Union is open to those who live, work, worship, or attend school in the Texas counties of Chambers, Hardin, Jasper, Jefferson, Liberty, Newton, Orange, or Tyler, and business and organizations of those eligible. Membership is also open to family of existing members.
See current membership details

Related Posts

Mobiloil Credit Union (TX) Adds Limited-Time 12-Month CD Special - 8/22/2022

Mobiloil Credit Union (TX) is offering a competitive 12-month CD Special now through September 30, 2022. Minimum opening deposit is $1k of new money.

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Reviews (3)

Some Of The Best Rates Nationwide...

Posted by: |

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.

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

Posted by: |

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

Posted by: |

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


Health Grade Components

NCUA #491
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD9.17%
Annual Interest Income$26.2MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.10B$1.02B
LoansQ3 2022vs Q3 2021$792.7MM$748.6MM
DepositsQ3 2022vs Q3 2021$885.0MM$796.3MM
Equity CapitalQ3 2022vs Q3 2021$135.3MM$123.5MM
Loan Loss AllowanceQ3 2022vs Q3 2021$7.7MM$7.9MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$3.5MM$2.4MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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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

0.20%$25-Smart Share Savings Account
0.20%$500-IRA Savings
0.20%$25-Christmas Club
0.20%$25-Vacation Club

Mobiloil Federal Credit Union Money Market Rates

0.80%*$25k*-Smart Flex - Money Market
OTHER TIERS: 0.40% Up to $10k | 0.60% $10k - $25k
0.80%*$25k*-Business Flex Money Market
OTHER TIERS: 0.40% Up to $10k | 0.60% $10k - $25k

Mobiloil Federal Credit Union Checking Account Rates

2.53%*$1k*$25kSmart Plus Checking
OTHER TIERS: 0.50% $25k+
2.53%*$1k*$25kBusiness Plus Checking Account
OTHER TIERS: 0.50% $25k+

Mobiloil Federal Credit Union CD Rates

3.00%$1k-5 Year CD
3.00%$5k-Business 5 Year CD
2.80%$1k-4 Year CD
2.80%$5k-Business 4 Year CD
2.70%$1k-3 Year CD
2.70%$5k-Business 3 Year CD
2.50%$1k-24 Month CD
2.50%$5k-Business 24 Month CD
2.35%$1k-18 Month CD
2.35%$5k-Business 18 Month CD
2.25%$1k-12 Month CD
2.25%$5k-Business 12 Month CD
1.50%$1k-6 Month CD
1.50%$250-6 Month Smart Teen CD
1.50%$5k-Business 6 Month CD
0.75%$1k-3 Month CD
0.75%$5k-Business 3 Month CD

Mobiloil Federal Credit Union IRA Rates

3.00%$1k-5 Year IRA
2.80%$1k-4 Year IRA
2.70%$1k-3 Year IRA
2.50%$1k-24 Month IRA
2.35%$1k-18 Month IRA
2.25%$1k-12 Month IRA
1.50%$1k-6 Month IRA
0.75%$1k-3 Month IRA


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