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Mayo Employees Federal Credit Union


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 6th largest credit union in the state of Minnesota. It is also the 330th largest credit union in the nation. It was established in 1934 and as of June of 2024, it had grown to 117 employees and 74,140 members at 11 locations. Mayo Employees Federal Credit Union's money market rates are 6X the national average, and it has a B+ 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)

Terrible Customer Service

Posted by: |

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

5


Health
B+

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #24748
Year Chartered1934
Employees117
Primary Regulator
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.49%
Annual Interest Income$22.3MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.4B$1.37B
LoansQ2 2024vs Q2 2023$689.6MM$668.5MM
DepositsQ2 2024vs Q2 2023$1.2B$1.24B
Equity CapitalQ2 2024vs Q2 2023$145.3MM$119.4MM
Loan Loss AllowanceQ2 2024vs Q2 2023$2.5MM$2.3MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$458K$106K
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.50%$100$15kTeen Savings
4.50%$100$10kYouth Savings
0.50%$0-IRA 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%*$1m*-Premium Money Market Savings
OTHER TIERS: 1.65% → $20k - $50k | 1.85% → $50k - $100k | 2.00% → $100k - $250k | 2.45% → $250k - $1m
1.50%*$50k*-Money Market Savings
OTHER TIERS: 1.15% → $2.5k - $10k | 1.45% → $10k - $50k

Mayo Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$25-Checking Account

Mayo Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%*$100k*-6 Month CD
OTHER TIERS: 2.70% → $1k - $10k | 2.75% → $10k - $25k | 2.80% → $25k - $100k
2.85%*$100k*-1 Year CD
OTHER TIERS: 2.70% → $1k - $10k | 2.75% → $10k - $25k | 2.80% → $25k - $100k
2.75%*$100k*-2 Year CD
OTHER TIERS: 2.60% → $1k - $10k | 2.65% → $10k - $25k | 2.70% → $25k - $100k
2.75%$1k-5 Year CD
2.65%$1k-4 Year CD
2.61%*$100k*-3 Year CD
OTHER TIERS: 2.45% → $1k - $10k | 2.50% → $10k - $25k | 2.55% → $25k - $100k
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.85%*$100k*-6 Month IRA
OTHER TIERS: 2.70% → $1k - $10k | 2.75% → $10k - $25k | 2.80% → $25k - $100k
2.85%*$100k*-1 Year IRA
OTHER TIERS: 2.70% → $1k - $10k | 2.75% → $10k - $25k | 2.80% → $25k - $100k
2.75%*$100k*-2 Year IRA
OTHER TIERS: 2.60% → $1k - $10k | 2.65% → $10k - $25k | 2.70% → $25k - $100k
2.75%$1k-5 Year IRA
2.65%$1k-4 Year IRA
2.61%*$100k*-3 Year IRA
OTHER TIERS: 2.45% → $1k - $10k | 2.50% → $10k - $25k | 2.55% → $25k - $100k
0.60%*$100k*-3 Month IRA
OTHER TIERS: 0.45% → $1k - $10k | 0.50% → $10k - $25k | 0.55% → $25k - $100k
Locations

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