Feedback
Share
Link
Link copied!
Asset Brief
Memorial Credit Union
Credit Union Finder
Explore
Search
Asset Brief
More
About Asset Brief
Copyright © 2022 assetbrief.com and Spring Launch Media LLC. All Rights Reserved.

All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

Memorial Credit Union Share
Link
Link copied!

Table of Contents
Map Loading...
Overview Share
Link
Link copied!
Back to Top

Memorial Credit Union is a federal credit union based in Gulfport, Mississippi. It has been opened since 1962, for 60 years.

With around $8,560,000 in assets, Memorial Credit Union is considered to be a medium size credit union.

About Share
Link
Link copied!
Address Po Box 1810
Gulfport, Mississippi 39502
Website https://memorialfcu.org
Phone (228) 865-3142
Fax (228) 865-3026
CEO Theresa A. Fisher
President of the Board Lodis Taylor
Services Offered
Score Card Share
Link
Link copied!
Back to Top
60 years
Years in business
Opened in 1962
Well Capitalized
Net worth classification
Source: NCUA
1,634 members
Membership type: Service – health care
Below average number of members
545:1
Credit union member to staff ratio
545 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
$8,558,330
Total assets
Below average
1 branch
Compared with an average of 4 nationally and 2 in Mississippi
Average number of branches
0.33%
Savings interest rate
Compared to 0.3% nationally
Branches Share
Link
Link copied!
Back to Top
1 branch
Compared with an average of 4 nationally and 2 in Mississippi
Average number of branches
Memorial Credit Union Branch Locations

Memorial Federal Credit Union
4500 13th Street
Gulfport, Mississippi 39501
No ATM
Members Share
Link
Link copied!
Back to Top
1,634 members
Membership type: Service – health care
Below average number of members

With 1,634 members, the Memorial Credit Union is considered to be a small credit union. It is smaller than 70% of credit unions.

Fees Share
Link
Link copied!
Back to Top
$16
Average fee per member
The average fee per member at the Memorial Credit Union is $16, which is low compared to most credit unions. This rate is lower than 76% of all credit unions.
Fees are lower 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 Memorial Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff Share
Link
Link copied!
Back to Top
545:1
Credit union member to staff ratio
545 per each FTE employee
Compared to 411:1 nationally
Less staff than other credit unions
3 staff members
FTE (full-time equivalent)
50% of employees are part-time
2 full-time, 2 part-time

Memorial Credit Union has 2 full-time staff members and 2 part-time staff members. The staff is comprised of part-time and full-time staff, with part-time staff approximately 50% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Memorial Credit Union has around 545 members per staff, a high ratio compared to other credit unions.

Assets Share
Link
Link copied!
Back to Top
$8,558,330
Total assets
Below average
Net worth Share
Link
Link copied!
Back to Top
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.
25.6%
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 Share
Link
Link copied!
Back to Top
$3,456
Average loan and lease size
Loan & lease sizes are very small. They are smaller than at 95% of credit unions.

Memorial Credit Union holds a total of $3,610,000 in loans and leases, which is about $3,456 per member on average.

Savings interest rate Share
Link
Link copied!
Back to Top
0.33%
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. Memorial Credit Union pays 0.33%.

Loan rates Share
Link
Link copied!
Back to Top
9.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
2.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates Share
Link
Link copied!
Back to Top
3.00%
New car loan rate
Compared to 4.0% nationally
6.00%
Used car loan rate
Compared to 5.2% nationally

Additional Credit Unions

See all...
Pearl Municipal Credit Union
Credit Union: Well Capitalized Pearl, Mississippi 568.0 $1 million Well Capitalized
Valley Gas Employees Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 534.0 $5 million Well Capitalized
Gulf Trust Credit Union
Credit Union: Well Capitalized Pascagoula, Mississippi 3915.0 $26 million Well Capitalized
Mississippi National Guard Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 2363.0 $21 million Well Capitalized
Northeast Mississippi Credit Union
Credit Union: Well Capitalized Amory, Mississippi 948.0 $7 million Well Capitalized
Meridian Postal Credit Union
Credit Union: Well Capitalized Meridian, Mississippi 544.0 $5 million Well Capitalized
Mccomb Credit Union
Credit Union: Well Capitalized Mccomb, Mississippi 1972.0 $10 million Well Capitalized
Choctaw Credit Union
Credit Union: Well Capitalized Choctaw, Mississippi 1840.0 $2 million Well Capitalized
Muw Employees Credit Union
Credit Union: Well Capitalized Columbus, Mississippi 881.0 $4 million Well Capitalized
Delta Credit Union
Credit Union: Well Capitalized Greenville, Mississippi 1366.0 $6 million Well Capitalized

Additional Credit Unions

See all...
Mississippi Farm Bureau Employees Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 1322.0 $15 million Well Capitalized
Gulf Coast Community Credit Union
Credit Union: Well Capitalized Gulfport, Mississippi 12683.0 $104 million Well Capitalized
Mississippi Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 20848.0 $123 million Well Capitalized
Statewide Credit Union
Credit Union: Well Capitalized Flowood, Mississippi 17652.0 $129 million Well Capitalized
Jackson Area Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 11784.0 $73 million Well Capitalized
Jpfce Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 193.0 $1 million Well Capitalized
Keesler Credit Union
Credit Union: Well Capitalized Biloxi, Mississippi 228773.0 $3 billion Well Capitalized
Harrison County P O E Credit Union
Credit Union: Well Capitalized Biloxi, Mississippi 859.0 $5 million Well Capitalized
1st Mississippi Credit Union
Credit Union: Well Capitalized Meridian, Mississippi 9992.0 $59 million Well Capitalized
Credit Union South
Credit Union: Well Capitalized Gulfport, Mississippi 1763.0 $8 million Well Capitalized

Additional Credit Unions

See all...
Issaquena County Credit Union
Credit Union: Well Capitalized Mayersville, Mississippi 470.0 $1 million Well Capitalized
United Methodist of Mississippi Credit Union
Credit Union: Well Capitalized Booneville, Mississippi 291.0 $867k Well Capitalized
Triangle Credit Union
Credit Union: Well Capitalized Columbus, Mississippi 13738.0 $81 million Well Capitalized
Central Sunbelt Credit Union
Credit Union: Well Capitalized Laurel, Mississippi 35734.0 $212 million Well Capitalized
Mississippi Highway Safty Pat Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 1372.0 $11 million Well Capitalized
Vickswood Credit Union
Credit Union: Well Capitalized Vicksburg, Mississippi 1410.0 $11 million Well Capitalized
Citizens Choice Credit Union
Credit Union: Well Capitalized Natchez, Mississippi 491.0 $1 million Well Capitalized
Eagle Express Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 4059.0 $60 million Well Capitalized
Twin States Credit Union
Credit Union: Well Capitalized Columbus, Mississippi 1762.0 $8 million Well Capitalized
Miller Transporters Credit Union
Credit Union: Well Capitalized Jackson, Mississippi 425.0 $4 million Well Capitalized

All of Asset Brief

See all...

Similar Credit Unions to Memorial Credit Union

See all...
Memorial Credit Union: Northwest Branch Br-4
Credit Union Branch: 1740 W. 27th Street Suite 170
Houston, Texas 77008 No ATM
Memorial Credit Union: Southwest Branch Br-6
Credit Union Branch: 7789 Southwest Fwy Suite 120
Houston, Texas 77074 No ATM
Memorial Credit Union: Executive Branch
Credit Union Branch: 7789 Southwest Fwy Suite 175
Houston, Texas 77074 No ATM
Memorial Credit Union: Drive Thru Location Br-7
Credit Union Branch: 7500 Beechnut Street
Houston, Texas 77074 ATM Available
Holy Family Memorial Credit Union
Credit Union Branch: 2300 Western Avenue
Manitowoc, Wisconsin 54220 No ATM
Memorial Credit Union
Credit Union Branch: 6800 Longview Road
Chattanooga, Tennessee 37421 No ATM
Memorial Credit Union
Credit Union Branch: 2525 Desales Avenue Suite 100
Chattanooga, Tennessee 37404 No ATM
Memorial Credit Union: Memorial City Branch #2
Credit Union Branch: 915 Gessner Road Suite 180
Houston, Texas 77024 No ATM
Holy Family Memorial Credit Union: United One Credit Union
Credit Union Branch: 1117 S. 10th Street
Manitowoc, Wisconsin 54220 No ATM
Union Memorial Credit Union: Union Memorial United Methodist Church
Credit Union Branch: 1141 Belt Avenue
Basement
Saint Louis, Missouri 63112 No ATM