MEMBER PREFERRED

Headquarters

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

Notable Rates APY Vs.Others
Savings 0.50% 0.91% →
1-Year CD 1.87% 0.85% →
2-Year CD 2.02% 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 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 $14.17 millions in assets.

NCUA Insured Yes
Charter Number # # 577
Date Established 1935
Assets $14.17 million
Loans $10.76 million
Deposits $12.32 million
Capital $1.74 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 - November 25, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.50% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
1.26% $10,000 $14,999 Learn More
6 Mo CD
1.26% $100,000 $199,999 Learn More
12 Mo CD
1.87% $10,000 $14,999 Learn More
12 Mo CD
1.87% $100,000 $199,999 Learn More
24 Mo CD
2.02% $10,000 $14,999 Learn More
24 Mo CD
2.02% $100,000 $199,999 Learn More

Loan Rates - November 25, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.557% 2.500% 0.75 $1,872 $988 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$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


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
3.88% 6.71

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 March 30, 2020, Member Preferred had $47,070 in non-current loans and $23,319 in owned assets. To cover these potential losses it had $1,743,446 in net worth and $71,703 in loans loss reserves. That gives it a Texas Ratio of 3.88%.

Net Worth
Member Preferred U.S. Average
12.3% 13.61%

Member Preferred FCU has a net worth of 12.3% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Member Preferred

Branches and Savings

What is Member Preferred?

A federal credit union, registered with the NCUA under certificate #577.
Learn more about credit unions here.

Is Member Preferred FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Member Preferred?

Please see Field of Membership information above for information on who is eligible to join.

What are Member Preferred's share account and share certificate rates?

Member Preferred's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Member Preferred?

Member Preferred has total capital of $1.74 million. Full information on Member Preferred's financial position is located above.

Who owns Member Preferred?

Credit Unions are owned by their members.

Where are Member Preferred branches located?

See branch locations nearby.

Are Member Preferred ATMs Open 24/7?

Do Member Preferred ATMs accept cash deposits?

Can Member Preferred customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Member Preferred have a mobile app?

Does Member Preferred have mobile deposit?

Does Member Preferred have quick pay?

How can Member Preferred transfer money to other banks or credit unions?

Does Member Preferred report to credit bureaus?

Does Member Preferred use Chexsystems?

Does Member Preferred use Equifax?

What is Member Preferred's toll free phone number?

What is Member Preferred's ACH Routing Number?

What is Member Preferred's SWIFT code?

Where can I find Member Preferred's wire transfer form?

What is the Member Preferred address for deposits?

What Products Does Member Preferred Offer

Does Member Preferred offer mortgages?

Compare mortgage rates here.

Does Member Preferred offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Member Preferred offer auto and RV loans?

Compare auto loan rates here.

Does Member Preferred offer student loans or personal loans?

Compare personal loan rates here.

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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