Overview / Commentary
432-688-8400
600 W Louisiana Ave
Midland, TX 79701-1610

My Community Federal Credit Union is headquartered in Midland and is the 58th largest credit union in the state of Texas. It is also the 695th largest credit union in the nation. It was established in 1952 and as of June of 2018, it had grown to 108 employees and 32,502 members. My Community Federal Credit Union has an A health rating.

Field of Membership Restrictions

Membership in My Community Federal Credit Union is open to those who live, work, worship or attend school in Ector or Midland County. Membership is also open to immediate family of those eligible.
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Reviews (3)

MCFCU, a dependable banker

Posted by: Hilexco | Nov 30, 2017

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: Jayy22 | Feb 16, 2018

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, mycreditunion.gov and anyone else who will listen.



Health

Health Grade Components

Overall
NCUA #68682
Year Chartered1952
Employees108
Primary Regulator
Profit Margin
Return on Assets - YTD0.73%
Return on Equity - YTD7.09%
Annual Interest Income$7.0MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$371.3MM$342.1MM
LoansQ2 2018vs Q2 2017$278.1MM$240.1MM
DepositsQ2 2018vs Q2 2017$320.1MM$294.5MM
Equity CapitalQ2 2018vs Q2 2017$37.9MM$35.5MM
Loan Loss AllowanceQ2 2018vs Q2 2017$2.8MM$2.7MM
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.2MM$1.9MM
Real Estate OwnedQ2 2018vs Q2 2017$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not My Community 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.

My Community Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$25k*-Christmas Club
OTHER TIERS: 0.75% $5 - $25k
0.65%*$25k*-IRA Savings
OTHER TIERS: 0.40% $5 - $25k
0.50%*$5$25kKasasa Saver
OTHER TIERS: 0.25% $25k+
0.30%*$25k*-Savings Account
OTHER TIERS: 0.20% $5 - $25k

My Community Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$25k*-Money Market
OTHER TIERS: 0.25% $2.5k - $25k

My Community Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$5$25kKasasa Cash
OTHER TIERS: 0.25% $25k+
0.30%$1k-Prime Checking

My Community Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$75k-9 Month Jumbo Share Certificate Promo
2.17%$75k-60 Month Jumbo Share Certificate
2.07%$1k-60 Month Share Certificate
2.02%*$25k*-9 Month Share Certificate Promo
OTHER TIERS: 1.01% $1k - $25k
1.66%$75k-48 Month Jumbo Share Certificate
1.56%$1k-48 Month Share Certificate
1.41%$75k-36 Month Jumbo Share Certificate
1.36%$1k-36 Month Share Certificate
1.06%$75k-24 Month Jumbo Share Certificate
0.90%$1k-24 Month Share Certificate
0.85%$500-24 Month Youth Share Certificate
0.80%$75k-12 Month Jumbo Share Certificate
0.60%$1k-12 Month Share Certificate
0.60%$75k-6 Month Jumbo Share Certificate
0.55%$500-12 Month Youth Share Certificate
0.45%$1k-6 Month Share Certificate
0.40%$500-6 Month Youth Share Certificate

My Community Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$75k-9 Month Jumbo IRA Share Certificate Promo
2.17%$75k-60 Month Jumbo IRA Certificate
2.07%$1k-60 Month IRA Certificate
2.02%*$25k*-9 Month IRA Share Certificate Promo
OTHER TIERS: 1.01% $1k - $25k
1.66%$75k-48 Month Jumbo IRA Certificate
1.56%$1k-48 Month IRA Certificate
1.41%$75k-36 Month Jumbo IRA Certificate
1.36%$1k-36 Month IRA Certificate
1.06%$75k-24 Month Jumbo IRA Certificate
0.90%$1k-24 Month IRA Certificate
0.80%$75k-12 Month Jumbo IRA Certificate
0.60%$75k-6 Month Jumbo IRA Certificate
0.60%$1k-12 Month IRA Certificate
0.45%$1k-6 Month IRA Certificate
Locations

Sorry, but we do not have location data for My Community Federal Credit Union. Its headquarters is located at 600 W Louisiana Ave - Midland, TX 79701-1610

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