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 0.25% 1.65% →
1-Year CD 1.00% 2.02% →
2-Year CD 1.26% 3.00% →
5-Year CD N.A. 3.35% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 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 $15.44 millions in assets.

NCUA Insured Yes / Federally Chartered
Charter Number # # 577
Date Established 1935
Assets $15.44 million
Loans $10.98 million
Deposits $13.48 million
Capital $1.85 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 - June 27, 2022

Your Current Location: California, CA 92111

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.25% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $500 $999,999 Learn More
12 Mo CD
1.00% $500 $999,999 Learn More
24 Mo CD
1.26% $500 $999,999 Learn More

Loan Rates - June 27, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 413-0477
5.492% 5.375% 0.88 $3,275 $1,400 Learn More

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:
San Diego,California


Member Preferred Locations



Climate 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.

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
5.38% 4.85

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, 2021, Member Preferred had $93,868 in non-current loans and $7,733 in owned assets. To cover these potential losses it had $1,853,727 in net worth and $36,451 in loans loss reserves. That gives it a Texas Ratio of 5.38%.

Net Worth
Member Preferred U.S. Average
12% 12.36%

Member Preferred FCU has a net worth of 12% versus the BestCashCow average of 12.36. 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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