Mayo Employees Federal Credit Union is headquartered in Rochester and is the 6th largest credit union in the state of Minnesota. It is also the 337th largest credit union in the nation. It was established in 1934 and as of September of 2024, it had grown to 113 employees and 74,655 members at 11 locations. Mayo Employees Federal Credit Union's money market rates are 6X the national average, and it has an A health rating.
Mayo Employees Federal Credit Union is open to current and retired Mayo employees, volunteers of all Mayo affiliated entities, students of Mayo Clinic, and employees of other Select Employer Groups and their family.
See current membership details
Rude customer service. Terrible, they don't even know how to speak with a customer. Avoid like the plaque.
Overall | |
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NCUA # | 24748 |
Year Chartered | 1934 |
Employees | 113 |
Primary Regulator |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.83% |
Return on Equity - YTD | 7.13% |
Annual Interest Income | $34.6MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2024vs Q3 2023 | $1.38B$1.34B |
Loans | Q3 2024vs Q3 2023 | $690.7MM$681.4MM |
Deposits | Q3 2024vs Q3 2023 | $1.17B$1.2B |
Equity Capital | Q3 2024vs Q3 2023 | $161.5MM$121.9MM |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $2.7MM$2.3MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $466K$697K |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.05% | $25 | - | Checking Account |