First, a Little History
Member Preferred began in 1935 with a vision to serve the employees of the St. Louis San Fancisco (or Frisco) Railway in Texas.
While the name of the railroad has changed from Burlington Northern Railroad in 1981 to the Burlington Northern Santa Fe Railroad in 1995, our mission has stayed the same. That mission has always been to serve the railroad community of Fort Worth/Dallas and offer banking solutions that are better because of one special ingredient: our members.
A credit union is a community of people who pool their savings and loan the money back to other credit union members in the financial coop. It is “People helping People,” who share a common bond of where they work or live. When you join a credit union, you become not only a member, but one of the owners in this not-for-profit cooperative. Each and every member has a vote and a voice in that cooperative – regardless of the amount they have saved. That means there are no outside stockholders who must be paid from the earnings. Any and all profits go to you, the member/owner, in the form of better rates on savings and loans. This also gives us the opportunity to offer the very best services and the lowest fees we can. We’ve found this is why people become members and also why they stay.