Memorial Credit Union (MCU) is a credit union based in Houston, Texas, located at 7789 Southwest Freeway, Suite 175. As a member-owned financial cooperative, MCU operates under credit union principles and is federally insured. The organization has been providing financial services to its membership community with a focus on personalized member service and competitive lending rates.
MCU offers a comprehensive suite of consumer financial products including savings accounts, checking accounts, youth accounts, certificates of deposit, and individual retirement accounts (IRAs). 9% APR), mortgage loans, and student loans. The credit union also offers supplementary services like debt protection, auto protection plans, skip-a-payment options, and an auto buying center to assist members with vehicle purchases.
MCU distinguishes itself through digital-first banking capabilities including MCU Online, a mobile app, remote deposit capture, digital wallet integration, bill pay, wire transfers, and e-statements. The organization provides a RoundUp Program for savings automation, fraud prevention resources, identity protection services, and a member referral program. They maintain multiple physical touchpoints with branch locations and free ATM access, combined with extended drive-thru hours (7:00am-6:00pm Monday-Friday) for working members.
As a credit union, MCU operates on a not-for-profit, member-owned model, theoretically returning profits to members rather than external shareholders. However, membership eligibility is restricted—they do not serve the general public, with specific membership criteria detailed on their "Who Can Join" page. Their service area appears concentrated in the Houston metropolitan region based on their single listed address, which may limit accessibility for members outside the area.
