Memorial Credit Union | 2020-2021 Reviews & Ranking


AdvisoryHQ recently published its list and review of the top credit unions in Houston, Texas, a list that included Memorial Credit Union.

Below we have highlighted some of the many reasons Memorial Credit Union was selected as one of the best credit unions in Houston, Texas.

Click here for a detailed review of AdvisoryHQ’s selection methodology: AdvisoryHQ’s Methodology for Selecting Top Banks and Credit Unions.


Memorial Credit Union Review


Founded in 1953, Memorial Credit Union is a top Houston credit union that’s one of the oldest member owned financial institutions in Southeastern Texas. Their mission is to grow the financial health of their members for years to come.

This top-rated Houston, TX credit union has four branch locations, which are centered around medical facilities. They have 15 ATM locations listed on their website.Memorial Credit Union Reviews

Top Houston Credit Unions

Membership eligibility includes those who live, worship, work, or attend school in Harris County as well as Memorial Hermann Healthcare system employees and affiliates.

Additionally, volunteers, contractors and medical professional building tenants of Memorial Hermann Healthcare System are eligible. They also offer eligibility for employees of Southwest Quality Molding, Bayland, Inc. and Southwest Water Company.

See Also: Fire Fighters Federal Credit Union Ranking



Key Factors Leading Us to Rank This Firm as One of the 2020-2021 Top Credit Union Firms

Memorial Credit Union Review: Overdraft Protections

Memorial Credit Union offers three forms of overdraft protection to help you avoid an overdraft of your account.

Overdraft Protection Link to an Account

You can link your checking account to another deposit account at Memorial Credit Union and pay $5 per transfer fee for each overdraft item covered by the linked account.

Overdraft Protection Line of Credit

You can open a line of credit with this top Houston credit union that will cover any overdrafts up to a pre-determined amount. This is subject to approval, fees, and interest.

Overdraft Privilege

Overdraft privilege can be used alone or as a secondary option with Overdraft Protection. It allows you to overdraw your account up to a disclosed limit. There is a $28 overdraft fee per item and an over limit fee may also apply

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Memorial Credit Union Review: Versatile Checking and Savings Options

Memorial Credit Union offers a wide range of checking and savings accounts to choose from. Members can pick from five different checking accounts that serve the varied needs of potential account holders.

These include:

  • Free Checking: Perfect for those needing an economical checking account
  • Premier Checking: For those that want to earn dividends on their balance
  • Premier Plus Account: For members who are 55 or older
  • New Path Checking: For those looking to reboot their finances after having previous credit or account issues
  • Money Market: Upgrades savings and allows you to earn higher dividends

The varied savings accounts and investment vehicles offered by Memorial include:

  • Share Savings
  • Premier Plus Account
  • Vacation Club
  • IRAs
  • Christmas Club

Memorial Credit Union Review: Credit Card

Members may apply for a Standard MasterCard® credit card on the Memorial Credit Union website. The card has fraud protection, low interest rate, no annual fee, and easy payment options.

Check out the Memorial website for the terms, benefits, and conditions of this MasterCard credit card.

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Rating Summary

Memorial Credit Union keeps members informed with a financial health newsletter and education information about investing in IRAs, and more. This full-service Houston credit union has plenty to offer its members.

One slight drawback we found is the limited number of ATMs and we did not find on their website any note about being a member of Allpoint or another ATM network, which could limit member options. For this reason, we’ve awarded them a 4-star rating.

They remain one of the top-ranked credit unions in Houston and one to consider banking with in 2020-2021.


In addition to reviewing the above Memorial Credit Union review, you can click on any of the links below to browse exclusive reviews of AdvisoryHQ’s top rated banking & credit union firms:


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  • https://www.memorialcu.org/


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