I do not personally own a Squier, but I did buy my son a Squire VM fretless Jazz Bass a couple years ago for Christmas. It is very well built, decent hardware, and sounds pretty good. He has played it in church and I'm sure he will play it again in church. Being a fretless, it is not his "everyday" bass.
I have played Squier VM and CV basses in stores. I like them. For the money they are a steal. There are some who would say "Squier basses are every bit as good as MIA Fenders". I am not one of those people. I think they would be more accurate in saying that their Squier does everything they would need from an MIA Fender.
The other good thing about a Squier is that most parts that can be used to mod a Fender can be used to mod a Squier. So if you want to upgrade the bridge, the tuners, the preamp, even the pickups, go for it. It is an excellent upgrade platform. If you want to go all out, you can pickup a decent used Squier for, say $250. Add one of those bridges with the name you might have to cover up in church

for @ $75 - 100, an Audere preamp for $150 - 180, or a J-Retro preamp for $300, nicer pickups $50 - 200, a custom pickguard for $50 - 80 and you can have a killer bass for $575 - 900. A used MIA Fender will cost you 8 - 1,200. A new one $1,500 - 1,800. More than likely the MIA Fender will maintain an advantage in terms of the look, feel, and finish of the wood, provided it was well taken care of and not abused. For a lot of people, that doesn't matter.
In my opinion, Squier is definitely worth looking at.