Sep, 30, 2025 — MEMORIAL CREDIT UNION is a federally insured state chartered credit union headquartered in HOUSTON, TX with 5 branch locations and about $87.10 million in total assets. Opened 73 years ago in 1953, MEMORIAL CREDIT UNION has about 9,861 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: | 9,861 |
| 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, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $87,101,455 |
| CEO/Manager: | THOMAS ROGERS |
| Chairperson: | Vicki M Jones |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,624,700 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 25,084,042 |
| Unsecured Loans | 7,261,503 |
| Other Loans | 40,200,086 |
| TOTAL LOANS | 72,545,632 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -354,624 |
| Land And Building | 0 |
| Other Fixed Assets | 298,041 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 780,279 |
| All Other Assets | 29,419 |
| TOTAL ASSETS | 87,101,455 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 449,000 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 12,188,347 |
| Regular shares | 42,892,762 |
| All Other Shares & Deposits | 22,108,510 |
| TOTAL SHARES & DEPOSITS | 77,189,618 |
| TOTAL LIABILITIES | 77,638,618 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 9,462,837 |
| TOTAL EQUITY | 9,462,837 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 87,101,455 |
| INCOME & EXPENSE | |
| Loan Income | 3,290,687 |
| Investment Income | 357,370 |
| Other Income | 719,846 |
| Total Employee Compensation & Benefits | 1,721,151 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,521,156 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 235,112 |
| Cost of Funds | 417,763 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -136,843 |
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