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7 E Redwood St
Baltimore, MD 21202

MECU is a Maryland-based credit union whose acronym stands for Municipal Employees Credit Union. Membership eligibility has expanded since its founding and includes consumers who live, work, or worship close to the Baltimore area. The credit union offers personal and business banking services, as well as insurance and investment planning guidance.

On the personal banking side, MECU makes depository products like checking, savings, money market, and CD accounts available, as well as lending products like mortgages, home equity lines, and vehicle loans. Checking account options all come with free online bill pay and direct deposit and differ based on interest and reward incentives. Several checking accounts offer ATM refunds, and one account offers cash back in exchange for debit card purchases. Savings account offers feature cash bonuses, and fees are waived on minors’ accounts. A teacher-designed savings account helps teachers save and plan for the summer months when there is no income stream. Money Market accounts have minimum initial deposit requirements and offer increased earnings for higher balances held. MECU’s Certificates of Deposit (CDs) and IRA CDs are available in term lengths that range from 9 to 60 months and offer flexible accounts that allow a penalty free withdrawal and/or a penalty-free rate bump.

MECU online banking provides a safe and secure way for members to access their accounts and transfer funds, check balances, pay bills, and update their account information. The credit union has also released mobile banking apps that make banking on the go convenient and easy from select smartphone and tablet devices.

MECU was established in 1936 to meet the banking needs of Baltimore’s municipal workers. Since then its membership has expanded, and the credit union serves it through multiple branches located in the Baltimore area, where its headquarters are located.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Baltimore, Maryland. You can also join MECU if you are a relative by blood or marriage to anyone who lives, regularly works, worships or attends school in Baltimore City or if you are a current or former employee of a company in their Select Employee Group. - See Details

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Reviews (1)



I have been a Full member over a month now, and prior to doing this, I have been exposed to rude, and unprofessional employees at the Dundalk location. I began to work with the Branch Manager for my business, but this past weekend there were no branch managers on duty, so I was forced to go to the tellers. There was a teller on loan from her main facility, and she gave me attitude, refused to accept my deposit checks for my Mother, who is on my account; plus she constantly rolled her eyes, and did not say thank you or anything. So with that said, I will be moving my account to another Credit Union ASAP.I have left messages for either branch managers to contact me so I can get the process completed. I will NEVER do business with MECU again, and neither will any of my friends, family or co-workers.

You need to get your employees in line or give them their PINK SLIPS. (They don't even deserve a 1 star rating).


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 MECU had $14.54 million in non-current loans and owned real-estate with $136.45 million in equity and loan loss allowances on hand to cover it. This gives MECU a Texas Ratio of 10.66% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for MECU experienced no significant changes from 8.14% as of March 31, 2013 to 10.66% as of March 31, 2014, resulting in a negative change of 31.00%. This indicates that the balance sheet and financial strength for MECU has had no significant changes in recent periods.

Deposit Growth


In the past year, MECU has increased its total deposits by $38.89 million, resulting in 3.82% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth MECU has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. MECU has $1.24 billion in assets with $136.45 million in equity, resulting in a capitalization level of 10.98%, which is above average.

Institution Statistics

NCUA #66787
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$1.24 billion
Loans$715.96 million
Deposits$1.06 billion
Equity Capital$123.70 million
Loan Loss Allowance$12.75 million
Unbacked Noncurrent Loans$12.64 million
Real Estate Owned$1.90 million
Historic Data - March 2013
Assets$1.22 billion
Equity Capital$128.90 million
Loan Loss Allowance$11.78 million
Unbacked Noncurrent Loans$12.64 million
Real Estate Owned$783,000
Profit Margin - Quarterly
Return on Assets0.79%
Return on Equity7.95%
Interest Income$13.15 million

Always verify rates and promotions with the bank or credit union. We are not MECU, we are a rate comparison website and can not provide official rates or promotions.

MECU Savings Account Rates

2.11%$25-CESA Savings
0.75%-$20kRealSaver - Qualifying
0.30%--Share Savings
0.30%--Holiday Savings
0.30%--Pay All Year Savings
0.30%$25-IRA Savings
0.30%$25-Roth IRA Savings
0.10%--RealSaver - Non Qualifying

MECU Money Market Rates

0.60%$2,500k-Premier Money Market
0.50%$100k-Money Market Account

MECU Checking Account Rates

2.51%-$10kRewardChecking - Qualifying
0.10%--RewardChecking - Non Qualifying
0.10%$25-Free Checking
0.00%$25-CashBack Checking


1.50%$500-60 Month CD
1.40%$500-60 Month Bump-Up CD
1.35%$500-48 Month CD
1.25%$500-48 Month Bump-Up CD
1.00%$500-36 Month CD
1.00%$500-36 Month Bump-Up CD
0.90%$500-24 Month CD
0.90%$500-24 Month Bump-Up CD
0.90%$500-24 Month Auto-Build CD
0.70%$500-18 Month CD
0.55%$500-12 Month CD
0.50%$500-12 Month Auto-Build CD
0.45%$500-9 Month CD
0.45%$5k-11 Month SuperFlex CD


1.50%$500-60 Month IRA
1.40%$500-60 Month Bump-Up IRA
1.35%$500-48 Month IRA
1.25%$500-48 Month Bump-Up IRA
1.00%$500-36 Month Bump-Up IRA
1.00%$500-36 Month IRA
0.90%$500-24 Month Auto-Build IRA
0.90%$500-24 Month Bump-Up IRA
0.90%$500-24 Month IRA
0.70%$500-18 Month IRA
0.55%$500-12 Month IRA
0.50%$500-12 Month Auto-Build IRA
0.45%$500-9 Month IRA

MECU Locations
Branch Office7 E Redwood StBaltimore, MD 21202
Branch Office7 E Redwood StBaltimore, MD 21202
Branch Office2337 E Northern PkwyBaltimore, MD 21214
Branch Office6814 Reisterstown RdBaltimore, MD 21215
Branch Office5910 Baltimore National PikeCatonsville, MD 21228
Branch Office312 Martin Luther King Jr BlvdBaltimore, MD 21201
Branch Office8507 Loch Raven BlvdBaltimore, MD 21286
Branch Office7220 Holabird AveDundalk, MD 21222
Branch Office1777 Reisterstown RdPikesville, MD 21208