Members Financial Federal Credit Union

Headquarters

Po Box 9609
Midland, TX 79708
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.55% →
1-Year CD N.A. 5.41% →
2-Year CD N.A. 5.00% →
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

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 14, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
SAV
0.05% $1,000 $9,999 Learn More
Share
0.05% $10,000 $49,999 Learn More
Share
0.10% $50,000 - Learn More
Money Market
0.15% $2,000 $4,999 Learn More
Money Market
0.20% $5,000 $29,999 Learn More
Money Market
0.25% $30,000 - Learn More

Loan Rates - April 14, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Tomo Mortgage, LLC.
NMLS ID: 2059741
6.652% 6.500% 1.00 $5,085 $2,023 Learn More
Rocket Mortgage
NMLS ID: 3030
7.602% 7.500% 1.00 $3,200 $2,238 Learn More
FHAloans.com
NMLS ID: Not a Lender
Learn More
Veterans United Home Loans
NMLS ID: 1907
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 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:
Ashburn,Virginia


Members Financial Locations



Climate Policy and Initiatives

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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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