Check before you give

Memorial Credit Union

EIN 74-1240617 · Houston, TX

Public records raise at least one point you should look into before giving.

What it says it does

OUR MISSION IS TO GROW THE FINANCIAL HEALTH OF OUR MEMBERS AND THEIR FAMILIES FOR YEARS TO COME, STARTING WITH HOW WE CAN HELP THEM TODAY.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

This return does not answer enough of the governance questions to score.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)

$2.8 million spent. SHARE ACCOUNT: CREDIT UNION'S SHARE ACCOUNT OFFER ADVANTAGES TO MEMBERS OF ALL AGES, CREDIT UNION HAD 9,902 MEMBERS AS OF DECEMBER 31, 2025. MEMBERS SAVINGS ACCOUNT PAY MONTHLY DIVIDENDS. MEMBERS CAN USE THE HOME BANKING AND MOBILE BANKING TO CHECK THEIR ACCOUNTS.THE BRANCH NETWORK AND ATM'S ARE WORLDWIDE. SPECIAL ACCOUNT FOR MINORS TO ENCOURAGE CONSISTENT SAVINGS HABITS. MEMBERS CAN JOIN CHRISTMAS AND VACATION CLUB ACCOUNTS.
$297,503 spent. CHECKING ACCOUNT: CREDIT UNION PROVIDES CHECKING ACCOUNTS FOR MEMBERS WITH VARIOUS FEATURES FROM FREE CHECKING ACCOUNT TO THOSE WITH ENHANCED BENEFITS. MOST OFFER DIVIDENDS THAT PAY MONTHLY. THE CREDIT UNION EXTENDS THESE ACCOUNTS TO ALL THE MEMBERS WITH FREE DEBIT CARD, ONLINE BANKING ACCESS, MOBILE APP, FREE REMOTE DEPOSIT AND BILL PAY SERVICES.
$1.2 million spent. LOAN: CREDIT UNION HAS PROVIDED VEHICLE LOANS SINCE ITS EARLY YEARS. OTHER PRODUCT LINES NOW INCLUDES EFFICIENT UNDERWRITING AND FLEXIBLE OFFERINGS FOR RECREATIONAL VEHICLES, BOAT AND MOTORCYCLES. MEMBERS CAN HAVE PAYMENT PROTECTION AVAILABLE ON ANY OF THESE LOAN TYPES.
$2.3 million spent. Information technology, marketing , compensation and benefits

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1976.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.