My Community Credit Union

Overview / Commentary
600 W Louisiana Ave
Midland, TX 79701

My Community Credit Union is headquartered in Midland and is the 62nd largest credit union in the state of Texas. It is also the 729th largest credit union in the nation. It was established in 1952 and as of December of 2023, it had grown to 111 employees and 41,464 members at 6 locations. My Community Credit Union's CD rates are 5X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership in My Community Credit Union is open to those who live, work, worship, or attend school in the Texas counties of Collin, Ector, or Midland. Immediate family members of eligible individuals also eligible to join.
See current membership details

Reviews (4)

Good Credit Union, Limited Online Service

Posted by: |

CDs only opened in person at a branch office. Check or wire funding, no ACH unless already have a checking account at the credit union. Staff is friendly on the phone, but caller is encouraged to come into office with questions. Online application process not worthwhile; no confirmation is provided for 2-3 days and may have to start application process over at a branch office. Excellent CD rates and checking account options.

MCFCU, a dependable banker

Posted by: |

I banked with MCFCU for a few years while I lived in the area. I was unsure of what a credit union really was until I started using them an they explained all the many things they offered. One of the things that caught my attention was the fact that, as a young person who just finished college and had a baby, they could help me and my husband build our credit. They worked with us on cars and loans an helped us get to a great place that allowed us to become more financially independent. They were always friendly and courteous and willing to help anytime we needed anything. They are not always at the forefront of new ideas and technology, but they offer as much as possible and seem to genuinely care for their customers. We were able to learn a lot about finance through them and get loans an do our day to day banking. One thing I have to say is, they were very slow in getting online billpay added and charge a bit of a fee for quite a while. I didn't like that.

ATM & Remote Pay. I’M Sick Of It.

Posted by: |

I use to love my bank so much and the perks were just a bonus. But recently I have come to dislike it very much due to their new system of their ATM’s. The old system was able to deposit checks/ cash at any time. But now their new system does not allow you to deposit checks/ cash at all. I dislike a lot more because I am a full time worker. I work from 8 in the morning until 6/7 P.M, 7 days a week. It is so hard for me to drive all the way up to my bank and deposit a check without have to drive in a rush. I have a bank for a reason, I do not deal with cash, as to I am trying to build up my credit but can do so without my card. Also difficult on remote deposit due to the fact that it deposits you $200 and holds the rest until the next business day, I get paid on Fridays and have more than $200 payments due on the days I get paid. This bank has just become very very unpleasing towards me. I am highly thinking on changing my bank because I am so tired of dealing with this, as well as my family are too. Highly considering Bank of America.

Horrible Overdraft Policies.

This credit union stacks your pending checks against what is coming through in order to specifically cause customers to have multiple overdraft charges.

I had $155.78 in my account. In the same day I had a debt clear for $61.47. Then I had to debt clear for $10 each. Then I was charged two $30 dollar overdraft fees (Even though at this time even after the two drafts cleared I should have had $74.31 in the account). The two overdraft charges took me down to $14.31. Then a debt came in for $52.02 causing a third overdraft charge and taking my balance down to -$67.71. Then a 4th debt came in for $33.75 and recieved another overdraft fee, taking my balance to -$131.46.

The original amount in my account of $155.78 minus the items that cleared should have come out to -$14.46. Therefore there should have been only one item with an overdraft fee, not three. My account had the money for every item except the last one to clear. The only way this can possibly happen is if the bank is checking each item against all pending items. Instead I have been charged $120 in fees for accidently going $14.46 over in my account.

This is truly ridiculous. It should be illegal. I will be writing letters to the BBC, and anyone else who will listen.


Health Grade Components

NCUA #68682
Year Chartered1952
Primary Regulator
Profit Margin
Return on Assets - YTD0.66%
Return on Equity - YTD6.72%
Annual Interest Income$23.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$493.7MM$470.8MM
LoansQ4 2023vs Q4 2022$403.1MM$393.8MM
DepositsQ4 2023vs Q4 2022$438.6MM$416.4MM
Equity CapitalQ4 2023vs Q4 2022$48.6MM$48.2MM
Loan Loss AllowanceQ4 2023vs Q4 2022$4.8MM$1.8MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$4.7MM$3.6MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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Always verify rates and promotions with the bank or credit union. We are not My Community 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.

My Community Credit Union Savings Account Rates

0.85%*$5$25kKasasa Saver
OTHER TIERS: 0.75% $25k+
0.50%$5-Christmas Club
0.10%$5-Savings Account
0.10%$5-IRA Savings

My Community Credit Union Money Market Rates

0.20%*$25k*-Money Market
OTHER TIERS: 0.15% $2.5k - $25k

My Community Credit Union Checking Account Rates

5.00%*$5$25kKasasa Cash
OTHER TIERS: 0.76% $25k+
0.20%$1k-Prime Checking

My Community Credit Union CD Rates

4.60%$75k-18 Month Jumbo Share Certificate
4.50%$1k$75k18 Month Share Certificate
4.35%$75k-15 Month Jumbo Share Certificate
4.25%$75k-12 Month Jumbo Share Certificate
4.25%$75k-24 Month Jumbo Share Certificate
4.25%$1k-15 Month Share Certificate
4.15%$1k$75k12 Month Share Certificate
4.15%$1k$75k24 Month Share Certificate
4.15%$500-12 Month Youth Share Certificate
4.15%$500-24 Month Youth Share Certificate
4.10%$75k-6 Month Jumbo Share Certificate
4.00%$1k$75k6 Month Share Certificate
4.00%$500-6 Month Youth Share Certificate
3.75%$75k-36 Month Jumbo Share Certificate
3.65%$1k$75k36 Month Share Certificate
3.50%$75k-48 Month Jumbo Share Certificate
3.40%$1k$75k48 Month Share Certificate
3.10%$75k-60 Month Jumbo Share Certificate
3.00%$1k$75k60 Month Share Certificate

My Community Credit Union IRA Rates

4.50%$75k-12 Month Jumbo IRA Certificate
4.50%$75k-24 Month Jumbo IRA Certificate
4.40%$1k$75k12 Month IRA Certificate
4.40%$1k$75k24 Month IRA Certificate
4.10%$75k-6 Month Jumbo IRA Certificate
4.00%$1k$75k6 Month IRA Certificate
4.00%$75k-36 Month Jumbo IRA Certificate
3.90%$1k$75k36 Month IRA Certificate
3.50%$75k-48 Month Jumbo IRA Certificate
3.40%$1k$75k48 Month IRA Certificate
3.10%$75k-60 Month Jumbo IRA Certificate
3.00%$1k$75k60 Month IRA Certificate

My Community Credit Union Locations
Branch Office4037 E 42nd StOdessa, TX 79762-5935
Branch Office5407 Andrews HwyMidland, TX 79706-3615
Branch Office4001 N Big Spring StMidland, TX 79705
Branch Office600 W Louisiana AveMidland, TX 79701-1610
Branch Office912 N Midkiff RdMidland, TX 79701-2111
Branch Office721 Central Expy SAllen, TX 75013-8012

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