Member Preferred Federal Credit Union
Headquarters
340 S Blue Mound Rd Ste 342
Fort Worth, TX 76131
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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 $15.98 millions in assets.
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 577 |
| Date Established | 1935 |
| Assets | $15.98 million |
| Loans | $13.69 million |
| Deposits | $13.64 million |
| Capital | $2.11 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 23, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.10% | $50 | $9,999 |
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|
| Regular
|
0.15% | $10,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
3.04% | $500 | - |
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|
| 12 Mo CD
|
4.33% | $500 | - |
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|
| 24 Mo CD
|
4.07% | $500 | - |
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|
Loan Rates - November 23, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 1025894 |
6.956% | 6.875% | 0.63 | $2,642 | $2,103 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 3029 |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.240 % After Intro: 7.240 % |
$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:
Columbus,Ohio
Member Preferred Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 904.96 | A | View Lobby Hours |
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 |
|---|---|
| 5.27% | 5.83 |
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 June 30, 2024, Member Preferred had $104,930 in non-current loans and $7,733 in owned assets. To cover these potential losses it had $2,105,816 in net worth and $32,139 in loans loss reserves. That gives it a Texas Ratio of 5.27%.
Net Worth
| Member Preferred | U.S. Average |
|---|---|
| 13.14% | 13.93% |
Member Preferred FCU has a net worth of 13.14% versus the BestCashCow average of 13.93. 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
Jamaal Robinson
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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