Members Financial Federal Credit Union
Headquarters
Po Box 9609
Midland, TX 79708
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2024 Overview
General Credit Union Information
Members Financial is an NCUA insured institution located in Midland, TX. It was founded in 1940 and has approximately $28.93 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 4020 |
| Date Established | 1940 |
| Assets | $28.93 million |
| Loans | $20.55 million |
| Deposits | $25.30 million |
| Capital | $2.98 million |
Field of Membership Restrictions
Membership is open to those who live, work, worship or attend school in Midland County or Ector County.
Deposit Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $1,000 | $9,999 |
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|
| Share
|
0.05% | $10,000 | $49,999 |
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|
| Share
|
0.10% | $50,000 | - |
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|
|
Money Market
|
0.15% | $2,000 | $4,999 |
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|
|
Money Market
|
0.20% | $5,000 | $29,999 |
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|
|
Money Market
|
0.25% | $30,000 | - |
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|
Loan Rates - April 25, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Members Financial
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
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|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,600 | $2,049 | Learn More |
NMLS ID: 401822 |
6.806% | 6.625% | 0.88 | $6,000 | $2,049 | Learn More |
NMLS ID: 447490 |
6.817% | 6.750% | 0.63 | $2,189 | $2,076 | Learn More |
NMLS ID: 3029 |
7.008% | 6.875% | 0.88 | $4,492 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
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More Info |
Note to Members Financial
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Branches
Below are Members Financial 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:
Columbus,Ohio
Climate Policy and Initiatives
MEMBERS FINANCIAL 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
Members Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Members Financial. 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
| Members Financial | U.S. Average |
|---|---|
| 8.11% | 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, Members Financial had $220,199 in non-current loans and $30,635 in owned assets. To cover these potential losses it had $2,980,449 in net worth and $112,901 in loans loss reserves. That gives it a Texas Ratio of 8.11%.
Net Worth
| Members Financial | U.S. Average |
|---|---|
| 10.3% | 13.62% |
Members Financial FCU has a net worth of 10.3% 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 Members Financial
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