Featured Savings Rates
Featured Accounts

Mayo Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.25%5-year CD5 Years CD
0.50%1-year CD1 Year CD
1.00%3-year CD3 Years CD

Overview / Commentary
507-535-1460
130 23rd Ave SW
Rochester, MN 55902

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 2016, it had grown to 90 employees and 55,409 members at 9 locations. Mayo Employees Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to current and retired Mayo employees, volunteers of all Mayo affiliated entities, students of Mayo Foundation, and family members.
See current membership details

Reviews (4)

Proud Member

Posted by: KaitlinB | Feb 4, 2015

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

Posted by: Megan | Feb 4, 2015

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.

Posted by: Anonymous | Mar 26, 2011

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.



Health
A+

Health Grade Components

Overall
NCUA #24748
Year Chartered1934
Employees90
Primary Regulator
Profit Margin
Return on Assets - YTD0.94%
Return on Equity - YTD9.11%
Annual Interest Income$9.0MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$805.1MM$732.3MM
LoansQ2 2016vs Q2 2015$352.9MM$324.2MM
DepositsQ2 2016vs Q2 2015$708.8MM$653.4MM
Equity CapitalQ2 2016vs Q2 2015$82.6MM$74.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$559.00K$588.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$415.00K$441.00K
Real Estate OwnedQ2 2016vs Q2 2015$211.00K$0
Rates
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* 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%--IRA Savings
0.40%--Roth IRA Savings
0.40%--CESA Savings
0.40%--Health Savings Account

Mayo Employees Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Premium Money Market Savings
OTHER TIERS: 0.35% $20k - $25k | 0.40% $25k - $100k
0.40%*$100k*-Money Market Savings
OTHER TIERS: 0.25% $2,500 - $25k | 0.30% $25k - $100k

Mayo Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Checking Account

Mayo Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-5 Years CD
1.00%*$100k*-3 Years CD
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k | 0.95% $25k - $100k
1.00%$1k-4 Years CD
0.60%*$100k*-2 Years CD
OTHER TIERS: 0.45% $1k - $10k | 0.50% $10k - $25k | 0.55% $25k - $100k
0.50%*$100k*-1 Year CD
OTHER TIERS: 0.35% $1k - $10k | 0.40% $10k - $25k | 0.45% $25k - $100k
0.40%*$100k*-6 Months CD
OTHER TIERS: 0.25% $1k - $10k | 0.30% $10k - $25k | 0.35% $25k - $100k
0.35%*$100k*-3 Months CD
OTHER TIERS: 0.20% $1k - $10k | 0.25% $10k - $25k | 0.30% $25k - $100k

Mayo Employees Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.25%$1k-5 Years IRA
1.00%*$100k*-3 Years IRA
OTHER TIERS: 0.85% $1k - $10k | 0.90% $10k - $25k | 0.95% $25k - $100k
1.00%$1k-4 Years IRA
0.60%*$100k*-2 Years IRA
OTHER TIERS: 0.45% $1k - $10k | 0.50% $10k - $25k | 0.55% $25k - $100k
0.50%*$100k*-1 Year IRA
OTHER TIERS: 0.35% $1k - $10k | 0.40% $10k - $25k | 0.45% $25k - $100k
0.40%*$100k*-6 Months IRA
OTHER TIERS: 0.25% $1k - $10k | 0.30% $10k - $25k | 0.35% $25k - $100k
0.35%*$100k*-3 Months IRA
OTHER TIERS: 0.20% $1k - $10k | 0.25% $10k - $25k | 0.30% $25k - $100k
Locations


Mayo Employees Federal Credit Union Locations
Branch Office5777 E Mayo BlvdPhoenix, AZ 85054
Branch Office4500 San Pablo Rd SJacksonville, FL 32224-1865
Branch Office3990 41st St NWRochester, MN 55901
Branch Office130 23rd Ave SWRochester, MN 55902
Branch Office1216 2nd St SWRochester, MN 55902
Branch Office155 1st Ave SWRochester, MN 55902
Branch Office565 1st Ave SWRochester, MN 55902-3304
Branch Office4463 Canal Pl SERochester, MN 55904
Branch Office605 West Ave SLa Crosse, WI 54601