Mayo Employees Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.45% | 5-year CD | 5 Years CD 1.55% - National Average |
| 0.65% | 1-year CD | 1 Year CD 0.62% - National Average |
| 1.21% | 4-year CD | 4 Years CD 1.28% - National Average |
Mayo Employees Federal Credit Union is headquartered in Rochester and is the 8th largest credit union in the state of Minnesota. It is also the 329th largest credit union in the nation. It was established in 1934 and as of June of 2017, it had grown to 96 employees and 57,506 members at 9 locations. Mayo Employees Federal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in Mayo Employees Federal Credit Union is open to current and retired Mayo employees, volunteers of all Mayo affiliated entities, students of Mayo Foundation, and employees of other Select Employer Groups and their family.
See current membership details
| Featured Account Options | SPONSORED LISTINGS | ||||
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Proud Member
I do all of my banking with the credit union online and I’ve never had any issues. I’ve been a member for over a year and even applying online was very quick and easy. There are so many products and services available to me and staff are more than willing to answer any questions I may have. I’ve banked at other establishments and have never received the quality of customer service I receive banking here.
Great Customer Service
I have been a member for a few years and any time I am in the credit union I am greeted with a smile and a friendly face. While looking into various loan options all of my questions were answered and the application process was easy. I am proud to be a member and appreciate the many options available to me!
Happy Doing Buisness Here.
Easiest bank in town to do business with. Getting a car loan took literally 5 minutes, and the loan officer followed up with me twice to ensure everything was going well. Since that experience, I have moved all of my accounts there and have been happier with MEFCU than was with my previous bank, who gave me "private banking." Nice iPhone App too!
Mostly good
I was a customer of the Mayo Clinic Credit Union for a few years. They were a good bank for the most part. The only thing I didn't enjoy was trying to go through them for a home loan. They didn't seem to have a clue what was going on and would lose paper work and blame me for it.
As for the bank itself. No unreasonable fees, the tellers are nice and the rates are very competitive. The online banking and mobile banking were garbage but I'm sure they've fixed those problems by now.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24748 |
| Year Chartered | 1934 |
| Employees | 96 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.07% |
| Return on Equity - YTD | 10.39% |
| Annual Interest Income | $10.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $864.4MM$805.1MM |
| Loans | Q2 2017vs Q2 2016 | $406.3MM$352.9MM |
| Deposits | Q2 2017vs Q2 2016 | $769.6MM$708.8MM |
| Equity Capital | Q2 2017vs Q2 2016 | $89.3MM$82.6MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $653.00K$559.00K |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $230.00K$415.00K |
| Real Estate Owned | Q2 2017vs Q2 2016 | $0$211.00K |
Always verify rates and promotions with the bank or credit union. We are not Mayo Employees Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Mayo Employees Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.40% | - | - | IRA Savings | |
| 0.40% | - | - | Health Savings Account |
Mayo Employees Federal Credit Union Money Market Rates
Mayo Employees Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $25 | - | Checking Account |
Mayo Employees Federal Credit Union CD Rates
Mayo Employees Federal Credit Union IRA Rates
| Mayo Employees Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 5777 E Mayo Blvd | Phoenix, AZ 85054 |
| Branch Office | 4500 San Pablo Rd S | Jacksonville, FL 32224-1865 |
| Branch Office | 3990 41st St NW | Rochester, MN 55901 |
| Branch Office | 130 23rd Ave SW | Rochester, MN 55902 |
| Branch Office | 1216 2nd St SW | Rochester, MN 55902 |
| Branch Office | 155 1st Ave SW | Rochester, MN 55902 |
| Branch Office | 565 1st Ave SW | Rochester, MN 55902-3304 |
| Branch Office | 4463 Canal Pl SE | Rochester, MN 55904 |
| Branch Office | 605 West Ave S | La Crosse, WI 54601 |