Credit Unions Near Me
National Credit Union Service Organization

MEMORIAL CREDIT UNION

Dec, 31, 2023 — MEMORIAL CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 5 branch locations and about $94.57 million in total assets. Opened 71 years ago in 1953, MEMORIAL CREDIT UNION has about 10,622 members and employs 28 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MEMORIAL CREDIT UNION
Address:
(Main Office)
7789 Southwest fwy Ste 175
HOUSTON, TX 77074-1831
Phone:(713) 778-6300
Fax:(713) 778-6320
Website:https://www.memorialcu.org
Branches:5 branch locations
Members:10,622
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:62571
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1953
Last Audited:Jun 01, 2023
FHLB Member:No
Low Income Designation:No
Assets:$94,569,265
CEO/Manager:THOMAS ROGERS
Chairperson:Paul Wenz

Call Report

  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,656,570
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 26,439,507
 Unsecured Loans 8,383,580
 Other Loans 47,341,778
 TOTAL LOANS 82,164,865
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -447,121
 Land And Building 0
 Other Fixed Assets 116,924
 NCUSIF Deposit 824,534
 All Other Assets 49,915
  TOTAL ASSETS 94,569,265
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 677,751
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 11,679,501
 Regular shares 46,741,913
 All Other Shares & Deposits 25,939,519
  TOTAL SHARES & DEPOSITS 84,360,933
  TOTAL LIABILITIES 85,038,684
 Regular Reserve 0
 Other Reserves 0
 Undivided Earnings 9,530,581
  TOTAL EQUITY 9,530,581
  TOTAL LIABILITIES, SHARES, & EQUITY 94,569,265
INCOME & EXPENSE  
 Loan Income 4,209,914
 Investment Income 463,328
 Other Income 1,165,489
 Total Employee Compensation & Benefits 2,319,519
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,887,770
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 355,848
 Cost of Funds 514,398
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 399,181
↑ Back to Top

Other Credit Unions

TEXAS LEE FEDERAL CREDIT UNION
6918 Corporate Dr # STEA5
HOUSTON, TX 77036-5139
EMPOWERMENT COMMUNITY DEVELOPMENT FEDERAL CREDIT UNION
6011 W Orem Dr
HOUSTON, TX 77085-1273
BRENTWOOD BAPTIST CHURCH FEDERAL CREDIT UNION
13033 1/2 Landmark St
HOUSTON, TX 77045-3431
OAK FARMS EMPLOYEES CREDIT UNION
3430 Leeland St
HOUSTON, TX 77003
JAFARI NO-INTEREST CREDIT UNION
2323 S Voss Rd Ste 370
HOUSTON, TX 77057-3820
P.I.E. CREDIT UNION
12320 Main St
HOUSTON, TX 77035-6206
CHEVRON TEXAS EMPLOYEES CREDIT UNION
P O Box 42021
HOUSTON, TX 77242
BCM FEDERAL CREDIT UNION
1 Baylor Plz Ste 59E
HOUSTON, TX 77030-3411
BAYOU CITY FEDERAL CREDIT UNION
6414 FANNIN ST STE G50
HOUSTON, TX 77030-1500
MEMBERSOURCE CREDIT UNION
10100 Richmond Ave
HOUSTON, TX 77042