Memphis City Employees Credit Union


Overview / Commentary
901-321-1200
2608 Avery Ave
Memphis, TN 38112

Memphis City Employees Credit Union is headquartered in Memphis and is the 17th largest credit union in the state of Tennessee. It is also the 776th largest credit union in the nation. It was established in 1959 and as of June of 2023, it had grown to 83 employees and 43,223 members at 7 locations. Memphis City Employees Credit Union's money market rates are 7X the national average, and it has a B+ 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

Reviews (1)

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
B+

Health Grade Components

Overall
NCUA #60239
Year Chartered1959
Employees83
Primary Regulator
Profit Margin
Return on Assets - YTD0.47%
Return on Equity - YTD3.94%
Annual Interest Income$7.4MM
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$441.3MM$449.7MM
LoansQ2 2023vs Q2 2022$263.6MM$255.3MM
DepositsQ2 2023vs Q2 2022$380.6MM$393.0MM
Equity CapitalQ2 2023vs Q2 2022$53.7MM$51.2MM
Loan Loss AllowanceQ2 2023vs Q2 2022$0$6.3MM
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$1.5MM$965.00K
Real Estate OwnedQ2 2023vs Q2 2022$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Memphis City Employees 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.

Memphis City Employees Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Accumulative IRA Account
0.30%*$25k*-Regular Share Savings
OTHER TIERS: 0.15% Up to $1k | 0.20% $1k - $5k | 0.25% $5k - $25k
0.30%*$25k*-Special Share Savings
OTHER TIERS: 0.15% Up to $1k | 0.20% $1k - $5k | 0.25% $5k - $25k
0.30%*$25k*-Christmas Club Account
OTHER TIERS: 0.15% Up to $1k | 0.20% $1k - $5k | 0.25% $5k - $25k

Memphis City Employees Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%$20k-Premium Money Market
1.00%$1k-Money Market Account

Memphis City Employees Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Share Draft Checking Account

Memphis City Employees Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.27%$1k-12 Month CD
4.06%$1k-6 Month CD
3.03%$1k-24 Month CD
2.42%$1k-30 Month CD
2.42%$1k$50k36 Month CD
2.32%$1k-42 Month CD

Memphis City Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.27%$1k-12 Month IRA
4.06%$1k-6 Month IRA
3.03%$1k-24 Month IRA
2.42%$1k-30 Month IRA
2.42%$1k-36 Month IRA
2.32%$1k-42 Month IRA
Locations


Memphis City Employees Credit Union Locations
Branch Office4135 Elvis Presley BlvdMemphis, TN 38116
Branch Office2608 Avery AveMemphis, TN 38112-4821
Branch Office2678 Mount Moriah TerMemphis, TN 38115-1609
Branch Office5751 Stage RdBartlett, TN 38134-4515
Branch Office1900 Whitten Rd Ste 102Memphis, TN 38133-7001
Corporate Office2686 Mount Moriah TerMemphis, TN 38115
Branch Office3617 Winchester RdMemphis, TN 38118-5961

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