Our Mother of Mercy Federal Credit Union

Services We Offer


Share Draft Program
The credit union will offer regular share draft to all regular share account holders in good standing. Organizational and commercial accounts may qualify. Direct deposit users are encouraged, Direct Deposit is not a pre-requisite.

All regulations and restrictions of a regular share account will apply to the share draft accounts.

A minimum of $100 is required to open a share draft account.

Share draft accounts are not investment accounts, therefore no dividends will be paid.

Qualifications for Opening Share Draft Account:
  • Direct Deposit
  • Stable employment
  • Members must be 18 years old to open a share draft account
  • Same criteria as that applying for a loan

Financial Products and Services


Consumer Loans

Secured (15%) and Unsecured (18% ceiling)

Savings Account

No annual fee, .50% interest, $25 minimum deposit

Auto Loans (new)

Low competitive rates, up to 120% of MSRP, 10% down payment required

Auto Loans (used)

Low competitive rates, 12% down payment, annual refinancing promotions

Share Certificates

$500 minimum Dividends pay every six months on accounts with minimum $50 balance. Variable terms 6 mths = .25%; 12 mths = .50%; 24 mths = .75%; 36 mths = 1.00%

Share Draft (Checking)

Linked to internet banking

Secured Loans

Direct deposit, share, payroll deductions, other collateral

Overdraft Lines of Credit

For share draft customers

Direct Deposit (ACH)

For members

Discounted Auto Purchase Services

Referral and underwriting service for members purchasing new and used autos. 123car.com and Auto Connection Plus

Discounted Auto Insurance Brokerage and Referral

1 to 1 for members receiving auto loans. Guaranteed Auto Protection (GAP) insurance

Mortgage Loan Referral and Assistance

Referrals to CUNA (Credit Union National Association) for low-interest mortgage terms for members with no origination fees

Money Orders, Wire Transfers, Title Transfers, Cashiers’ Checks

Miscellaneous relationship builders. No cost to members

Virtual Credit Union Option

Access to online internet teller service for members

Notary Service

Free to members maintaining minimum balance

Pre-Loan Counseling

Requirement for persons receiving loans from CU

Post Loan Counseling and Troubled Debt-restructuring (TDR)

Advice, counseling, and (sometimes) restructuring for delinquent clients

Volunteer Income Tax Assistance (VITA)

Free tax preparation for low income families. 50 client families per year.







Credit Bureau of Greater Houston
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