Memphis City Employees Credit Union is headquartered in Memphis and is the 16th largest credit union in the state of Tennessee. It is also the 759th largest credit union in the nation. It was established in 1959 and as of June of 2022, it had grown to 82 employees and 42,387 members at 7 locations. Memphis City Employees Credit Union's CD rates are 68% higher than the national average, and it boasts an A+ health rating.
Field of Membership Restrictions
Memphis City Employees Credit Union is open to employees of the City of Bartlett, City of Memphis, MLGW, Friends of the Library, Scripps Media Company, WMC Family of Stations (including Radio Station FM100), Memphis Business Journal, Ronald Barker Construction Company, Collierville Auto Center and Commercial Appeal.
See current membership details
DO NOT USE THEIR WHITEHAVEN LOAN DEPT.
After more than a week of trying to buy a travel trailer and giving the " loan officer " everything she had asked for, which was part of the problem, she didnt know what she needed and added something everyday. I walked into the bank and waived to the " loan officer " and she said " come back" I told her my name she said she knew who I was and " what do you want" rudely , I said that we had talked about me picking the rv up today and was making sure eveything was ok, She said " THIS IS A PROCEDURE , WE NEED A COPPY OF THE TITLE, INSURANCE, ACCOUNT NUMBERS", of the peson that I was buying this rv from and with whom she had spoken with three times and never asked for, then had the nerve to say that we were rude, If a person is trying to belittle you ofcoarse any person will defend themself and have the right to. The moral of this story is... learn your job , do it in a timely manor , be curtious .....Oh and NEVER EVER EVER USE THE WHITEHAVEN BRANCH
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 60239 |
| Year Chartered | 1959 |
| Employees | 82 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.82% |
| Return on Equity - YTD | 7.26% |
| Annual Interest Income | $6.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $449.7MM$430.4MM |
| Loans | Q2 2022vs Q2 2021 | $255.3MM$223.7MM |
| Deposits | Q2 2022vs Q2 2021 | $393.0MM$370.5MM |
| Equity Capital | Q2 2022vs Q2 2021 | $51.2MM$55.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $6.3MM$6.0MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $965.00K$461.00K |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$0 |