Membersource Credit Union

Headquarters

10100 Richmond Ave
Houston, TX 77042
See all branch locations →

Notable Rates	APY	Vs.Others
Savings	0.01%	5.50% →
1-Year CD	N.A.	4.65% →
2-Year CD	N.A.	4.25% →
5-Year CD	N.A.	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Credit Union Information

Membersource is an NCUA insured institution located in Houston, TX. It was founded in 1958 and has approximately $208.54 millions in assets.

Who can join?

To qualify for membership you must:
• Be related to a member by blood, by marriage or adoption, or share a household with a member, you're eligible.
• Be an employee of a MemberSource Member Company, you can join. Contact your Human Resources department to find out if your employer is one of MemberSource's Member Companies.
• Or live, work, worship or attend school within a ten-mile radius of MemberSource Credit Union's offices (see zip codes below).
77002 77021 77041 77071 77088 77380
77003 77022 77042 77072 77090 77381
77004 77023 77043 77074 77091 77382
77005 77024 77045 77076 77092 77384
77006 77025 77046 77077 77094 77385
77007 77026 77047 77079 77096 77386
77008 77027 77051 77080 77098 77388
77009 77030 77053 77081 77099 77389
77010 77031 77054 77082 77301 77401
77011 77033 77055 77083 77302 77477
77018 77035 77056 77084 77373 77478
77019 77036 77057 77085 77375 77489
77020 77040 77063 77087 77379 77498


NCUA Insured	Yes / State-Chartered
Charter Number #	# 68440
Date Established	1958
Assets	$208.54 million
Loans	$142.05 million
Deposits	$171.03 million
Capital	$21.99 million

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Fort Bend County and within a 10-mile radius of any Membersource Credit Union branch. Membership is also open to employees of the credit union's Select Employer Group.

Deposit Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
Savings	0.01%	$2,500	$4,999	Learn More Reviews

Int Checking Rates	APY	MIN	MAX
Int Ckg	0.02%	$2,500	$3,499	Learn MoreShow Less

Loan Rates - December 23, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Membersource

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: 1025894	6.960%	6.875%	0.63	$2,764	$2,103	Learn More
NMLS ID: 3030	7.338%	7.250%	0.88	$2,800	$2,183	Learn More
NMLS ID: Not a Lender						Learn More
NMLS ID: 1907						Learn More

See More Mortgage Rates →

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Rate See Table	Intro APR 7.900 % After Intro: 7.900 %	$25,000	Learn More More Info
A Guaranteed Rate HELOC is secured with your home as collateral, whereas personal loans and credit cards are not. To check the rates and terms you qualify for, we will conduct a soft credit pull that will not affect your credit score. However, if you continue and submit an application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Approval may be granted in five minutes but is ultimately subject to verification of income and employment, as well as verification that your property is in at least average condition with a property condition report. Five business day funding timeline assumes closing the loan with our remote online notary. Funding timelines may be longer for loans secured by properties located in counties that do not permit recording of e-signatures or that otherwise require an in-person closing. Guaranteed Rate Home Equity Line is an open-end product where the full loan amount (minus lender, broker, third party, and governement fees, as applicable) will be 100% drawn at the time of origination. The initial amount funded at origination will be based on a fixed rate; however, this product contains an additional draw feature. As the borrower repays the balance on the line, the borrower may make additional draws during the draw period. If the borrower elects to make an additional draw, the interest rate for that draw will be set as of the date of the draw and will be based on an Index, which is the Prime Rate published in the Wall Street Journal for the calendar month preceding the date of the additional draw, plus a fixed margin. Accordingly, the fixed rate for any additional draw may be higher than the fixed rate for the initial draw. Apply in 5 minutes, get your money in as fast as 5 days. Digital application experience. Funds directly to your bank account. No in-person appraisal needed.

See More Home Equity Rates →

Note to Membersource
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Membersource 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

Membersource Locations around zip code 43085

Branch	Distance	Map	View Lobby Hours
Anadarko	945.72	A	View Lobby Hours
Westchase	970.83	B	View Lobby Hours
Sugar Land	980.60	C	View Lobby Hours

View Branches Nationwide →

Climate Policy and Initiatives

MEMBERSOURCE 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

Membersource Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Membersource. 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

Membersource	U.S. Average
6.32%	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, Membersource had $1,393,330 in non-current loans and $34,385 in owned assets. To cover these potential losses it had $21,994,933 in net worth and $593,829 in loans loss reserves. That gives it a Texas Ratio of 6.32%.

Net Worth

Membersource	U.S. Average
10.54%	13.93%

Membersource FCU has a net worth of 10.54% 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 Membersource

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