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Why a Credit Union?

Credit unions are democratic, not-for-profit, member-owned cooperatives that exist to help people and their communities. The National Credit Union Administration (NCUA) provides all members of federally insured credit unions with $250,000 in coverage for their individual accounts, much like the FDIC does for banks. So you get all the same financial services, but loan rates are lower, interest rates are higher, profits are returned to members and unlike a bank customer, you are an owner with a say in how your credit union is run.

The benefits of joining a credit union like Members Choice

What Makes Us Different?
Credit unions are not like other types of financial institutions. While we may offer similar products and services, we exist solely for the benefit of our members. Since we are a Not-for-Profit institution owned by our members, we have a volunteer Board of Directors to ensure we are serving the underserved.
Member Owned
Instead of being owned by stockholders, credit unions are owned by the members. Each year at our Annual Meeting, our members elect the Board of Directors to carry out our vision for the year. At Members Choice Credit Union, your opinion matters.
You get more personalized service and access to generally better rates on savings and loans. Since we don’t have stockholders, we don’t have to charge unreasonable fees. Once our capital requirements are fulfilled, we use what is left to continue providing you the best services and rates possible.
Volunteer Board of Directors
Your Board of Directors doesn’t get special perks or a salary for being on the board. They are members just like you, elected by you, and they make decisions based on what’s best for members as a whole. For-profit institutions are run by officers and directors who are bound to make decisions in the best interest of the stockholders.
Serving the Underserved
We recognize that financial success looks different for different people, so we offer a variety of solutions for different ages and stages of life. We support the community where you live or work too — we recognize that doing this helps everyone thrive.

Banks vs. Credit Unions: What's the Difference?


We serve our community

Because we're a member-owned financial collaborative, each member has a voice in helping shape what we do to serve them and the community. We're passionate about supporting our Katy, West Houston, and Cy-Fair communities and have volunteered or assisted over 30 local organizations — and the list keeps growing!
The money you have on deposit at Members Choice Credit Union is insured by the National Credit Union Share Insurance Fund (NCUSIF), a fund backed by the federal government. Deposit Insurance is simply added peace of mind that your money is safe.


If not currently a Members Choice member, a $5 deposit is needed to establish membership. All memberships are subject to approval including credit approval.