Member Preferred Federal Credit Union

Headquarters

340 S Blue Mound Rd Ste 342
Fort Worth, TX 76131
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 5.55% →
1-Year CD 4.33% 5.41% →
2-Year CD 4.07% 5.25% →
5-Year CD N.A. 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Member Preferred is an NCUA insured institution located in Fort Worth, TX. It was founded in 1935 and has approximately $15.38 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 577
Date Established 1935
Assets $15.38 million
Loans $13.90 million
Deposits $13.23 million
Capital $2.06 million
 

Field of Membership Restrictions

BNSF Railroad employees and immediate family members are eligible to join Member Preferred FCU. Others living and working in an area defined on a map on this page are also eligible: https://memberpreferredfcu.com/useful_links/join_us/

Deposit Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
0.10% $50 $9,999 Learn More
Regular
0.15% $10,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
3.04% $500 - Learn More
12 Mo CD
4.33% $500 - Learn More
24 Mo CD
4.07% $500 - Learn More

Loan Rates - May 21, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Member Preferred

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.427% 6.250% 0.88 $6,000 $1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.956% 6.875% 0.63 $2,655 $2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.451% 7.375% 0.75 $2,400 $2,211 Learn More
CrossCountry Mortgage
NMLS ID: 3029
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Member Preferred
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Member Preferred branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Member Preferred Locations



Climate Policy and Initiatives

MEMBER PREFERRED is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Member Preferred Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Member Preferred. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Member Preferred U.S. Average
8.40% 6.97

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2023, Member Preferred had $167,948 in non-current loans and $7,733 in owned assets. To cover these potential losses it had $2,059,784 in net worth and $32,139 in loans loss reserves. That gives it a Texas Ratio of 8.40%.

Net Worth
Member Preferred U.S. Average
13.35% 13.62%

Member Preferred FCU has a net worth of 13.35% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Member Preferred


  • August 17, 2016

    Hello,


    I am the CEO of a small credit union here in Dallas, and was wondering what the criteria for becoming a member and depositing a CD of around $150k to $200k. We are looking to move a large some of money soon due to our current rate not providing us any benefit. Please contact me at 214.375.4271 or email me at goodstreetfcu@sbcglobal.net.


    Thank you for your time,


    Jamaal D. Robinson
    Interim CEO
    Good Street FCU


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