Memphis City Employees Credit Union is headquartered in Memphis and is the 17st largest credit union in the state of Tennessee. It is also the 821st largest credit union in the nation. It was established in 1959 and as of March of 2014, it had grown to 60 employees and 27,326 members. Memphis City Employees Credit Union has a A health rating.
After more than a week of trying to buy a travel trailer and giving the " loan officer " everything she had asked for, which was part of the problem, she didnt know what she needed and added something everyday. I walked into the bank and waived to the " loan officer " and she said " come back" I told her my name she said she knew who I was and " what do you want" rudely , I said that we had talked about me picking the rv up today and was making sure eveything was ok, She said " THIS IS A PROCEDURE , WE NEED A COPPY OF THE TITLE, INSURANCE, ACCOUNT NUMBERS", of the peson that I was buying this rv from and with whom she had spoken with three times and never asked for, then had the nerve to say that we were rude, If a person is trying to belittle you ofcoarse any person will defend themself and have the right to. The moral of this story is... learn your job , do it in a timely manor , be curtious .....Oh and NEVER EVER EVER USE THE WHITEHAVEN BRANCH
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 Memphis City Employees Credit Union had $294,000 in non-current loans and owned real-estate with $43.48 million in equity and loan loss allowances on hand to cover it. This gives Memphis City Employees Credit Union a Texas Ratio of 0.68% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Memphis City Employees Credit Union decreased slightly from 0.80% as of March 31, 2013 to 0.68% as of March 31, 2014, resulting in a positive change of 15.87%.This indicates that the balance sheet and financial strength for Memphis City Employees Credit Union has improved slightly in recent periods.
In the past year, Memphis City Employees Credit Union has increased its total deposits by $489,000, resulting in 0.25% 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 Memphis City Employees Credit Union has shown is above average.
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. Memphis City Employees Credit Union has $241.69 million in assets with $43.48 million in equity, resulting in a capitalization level of 17.99%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$40.45 million|
|Loan Loss Allowance||$3.03 million|
|Unbacked Noncurrent Loans||$276,000|
|Real Estate Owned||$18,000|
|Historic Data - March 2013|
|Equity Capital||$38.96 million|
|Loan Loss Allowance||$3.34 million|
|Unbacked Noncurrent Loans||$276,000|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||1.5%|
|Return on Assets||0.77%|
|Return on Equity||4.62%|
|Interest Income||$1.75 million|
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|0.10%||-||-||Accumulative CESA Account|
|0.10%||-||-||Accumulative IRA Account|
|0.10%||-||-||Accumulative Roth IRA Account|
|0.30%||-||-||Money Market Account|
|0.20%||$1k||-||Share Draft Checking Account|
|1.01%||-||-||42 Month Share Certificate|
|0.85%||-||-||30 Month Share Certificate|
|0.65%||-||-||12 Month Share Certificate|
|0.55%||-||-||6 Month Share Certificate|
|1.01%||-||-||42 Month IRA|
|0.85%||-||-||30 Month IRA|
|0.65%||-||-||12 Month IRA|
|0.55%||-||-||6 Month IRA|
|Memphis City Employees Credit Union Locations|
|Branch Office||4135 Elvis Presley Blvd||Memphis, TN 38116|
|Branch Office||2608 Avery Ave||Memphis, TN 38112-4821|
|Branch Office||2678 Mount Moriah Ter||Memphis, TN 38115-1609|
|Branch Office||5705 Stage Rd Ste 2||Bartlett, TN 38134-4541|
|Branch Office||109 N Main St||Memphis, TN 38103-5024|
|Branch Office||1900 Whitten Rd Ste 102||Memphis, TN 38133-7026|