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Member Preferred Credit Union

Overview
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Member Preferred Credit Union is a federal credit union based in Fort Worth, Texas. It has been opened since 1935, for 85 years.

With around $11,040,000 in assets, Member Preferred Credit Union is considered to be a medium size credit union.

About
Address 340 S. Blue Mound Road Suite 342
Fort Worth, Texas 76131
Website http://www.memberpreferredfcu.com
Phone (817) 222-2288
Fax (817) 222-2299
CEO Misty D. Miller
President of the Board James Wilkinson
Services Offered
Map
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Score Card
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85 years
Years in business
Opened in 1935
Well Capitalized
Net worth classification
Source: NCUA
1,255 members
Membership type: Multiple common bond – primary transportation
Below average number of members
251:1
Credit union member to staff ratio
251 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$11,044,324
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
0.65%
Savings interest rate
Compared to 0.3% nationally
Branches
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1 branch
Compared with an average of 4 nationally and 3 in Texas
Average number of branches
Member Preferred Credit Union Branch Locations

Member Preferred Federal Credit Union
340 S. Blue Mound Road Suite 342
Fort Worth, Texas 76131
No ATM
Members
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1,255 members
Membership type: Multiple common bond – primary transportation
Below average number of members

With 1,255 members, the Member Preferred Credit Union is considered to be a small credit union. It is smaller than 76% of credit unions.

Fees
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$154
Average fee per member
The average fee per member at the Member Preferred Credit Union is $154, which is very high compared to most credit unions. This rate is higher than 96% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Member Preferred Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
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251:1
Credit union member to staff ratio
251 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
5 staff members
FTE (full-time equivalent)
0% of employees are part-time
5 full-time, 0 part-time

Member Preferred Credit Union has 5 full-time staff members and 0 part-time staff members.

The number of members relative to staff members is an indication of how well staffed the credit union is. Member Preferred Credit Union has around 251 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
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$11,044,324
Total assets
Below average
Net worth
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Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
14.4%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
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$7,764
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 72% of credit unions.

Member Preferred Credit Union holds a total of $9,600,000 in loans and leases, which is about $7,764 per member on average.

Savings interest rate
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0.65%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Member Preferred Credit Union pays 0.65%.

Loan rates
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13.55%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
7.82%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
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7.62%
New car loan rate
Compared to 4.0% nationally
7.76%
Used car loan rate
Compared to 5.2% nationally
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