Mayo Employees Federal Credit Union

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Overview / Commentary

www.mayocreditunion.org

507-535-1460

130 23rd Ave SW
Rochester, MN 55902

Mayo Employees Federal Credit Union is headquartered in Rochester and is the 6^th largest credit union in the state of Minnesota. It is also the 337^th largest credit union in the nation. It was established in 1934 and as of March of 2025, it had grown to 114 employees and 74,218 members at 10 locations. Mayo Employees Federal Credit Union's money market rates are 8X the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

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

Reviews (1)

Write a Review

Terrible Customer Service

Posted by: mhafarideh | Oct 5, 2021

Rude customer service. Terrible, they don't even know how to speak with a customer. Avoid like the plaque.

Comment

Health

A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #	24748
Year Chartered	1934
Employees	114
Primary Regulator

Profit Margin
Return on Assets - YTD	1.38%
Return on Equity - YTD	11.25%
Annual Interest Income	$13.3MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$1.41B$1.42B
Loans	Q1 2025vs Q1 2024	$681.1MM$671.3MM
Deposits	Q1 2025vs Q1 2024	$1.23B$1.2B
Equity Capital	Q1 2025vs Q1 2024	$172MM$140.9MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$2.7MM$2.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$112K$622K
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.31%

Our Rating

4.0 / 5

Vio Bank

Cornerstone Money Market

See Offer

Sponsored Note: Interest is compounded daily, growing your money fast

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Savings
Money Market
Checking
CD
IRA

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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
5.50%	$100	$8k	Teen Savings
4.50%	$100	$5k	Youth Savings
0.50%	$5	-	Health Savings Account
0.30%^*	$20k^*	-	Savings Account
OTHER TIERS: 0.05% → $0 - $2.5k \| 0.20% → $2.5k - $20k

Mayo Employees Federal Credit Union Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.51%^*	$1m^*	-	Premium Money Market Savings
OTHER TIERS: 1.85% → $20k - $50k \| 2.00% → $50k - $100k \| 2.30% → $100k - $250k \| 2.75% → $250k - $500k \| 3.00% → $500k - $750k \| 3.20% → $750k - $1m
2.30%^*	$100k^*	-	Money Market Savings
OTHER TIERS: 1.15% → $2.5k - $10k \| 1.45% → $10k - $20k \| 1.85% → $20k - $50k \| 2.00% → $50k - $100k

Mayo Employees Federal Credit Union Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.05%	$0	-	Checking Account

Mayo Employees Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
3.61%^*	$100k^*	-	1 Year CD
OTHER TIERS: 3.45% → $1k - $10k \| 3.51% → $10k - $25k \| 3.56% → $25k - $100k
2.95%^*	$100k^*	-	2 Year CD
OTHER TIERS: 2.80% → $1k - $10k \| 2.85% → $10k - $25k \| 2.90% → $25k - $100k
2.90%^*	$100k^*	-	6 Month CD
OTHER TIERS: 2.75% → $1k - $10k \| 2.80% → $10k - $25k \| 2.85% → $25k - $100k
2.85%^*	$100k^*	-	3 Year CD
OTHER TIERS: 2.70% → $1k - $10k \| 2.75% → $10k - $25k \| 2.80% → $25k - $100k
2.80%	$1k	-	5 Year CD
2.75%	$1k	-	4 Year CD
0.60%^*	$100k^*	-	3 Month CD
OTHER TIERS: 0.45% → $1k - $10k \| 0.50% → $10k - $25k \| 0.55% → $25k - $100k

Mayo Employees Federal Credit Union IRA Rates

APY	MIN	MAX	ACCOUNT NAME
3.61%^*	$100k^*	-	1 Year IRA
OTHER TIERS: 3.45% → $1k - $10k \| 3.51% → $10k - $25k \| 3.56% → $25k - $100k
2.95%^*	$100k^*	-	2 Year IRA
OTHER TIERS: 2.80% → $1k - $10k \| 2.85% → $10k - $25k \| 2.90% → $25k - $100k
2.90%^*	$100k^*	-	6 Month IRA
OTHER TIERS: 2.75% → $1k - $10k \| 2.80% → $10k - $25k \| 2.85% → $25k - $100k
2.85%^*	$100k^*	-	3 Year IRA
OTHER TIERS: 2.70% → $1k - $10k \| 2.75% → $10k - $25k \| 2.80% → $25k - $100k
2.80%	$1k	-	5 Year IRA
2.75%	$1k	-	4 Year IRA
0.60%^*	$100k^*	-	3 Month IRA
OTHER TIERS: 0.45% → $1k - $10k \| 0.50% → $10k - $25k \| 0.55% → $25k - $100k
0.50%	$0	-	IRA Savings

Locations

Cities: Jacksonville, La Crosse, Phoenix, Rochester

Jacksonville Branches
Branch Office	4500 San Pablo Rd S	Jacksonville, FL 32224-1865

La Crosse Branches
Branch Office	605 West Ave S	La Crosse, WI 54601

Phoenix Branches
Branch Office	5777 E Mayo Blvd	Phoenix, AZ 85054

Rochester Branches
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	565 1st Ave SW	Rochester, MN 55902
Branch Office	4463 Canal Pl SE	Rochester, MN 55904
Corporate Office	2203 2nd ST SW	Rochester, MN 55902
Branch Office	20 2nd Ave SW	Rochester, MN 55902

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