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Memphis City Employees Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/25/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/25/2025
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
APY APY = Annual Percentage Yield Rates as of 6/25/2025
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
APY APY = Annual Percentage Yield Rates as of 6/25/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/25/2025
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
Bonus Amount
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.memphiscu.org
901-321-1200
2608 Avery Ave
Memphis, TN 38112

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 766th largest credit union in the nation. It was established in 1959 and as of March of 2025, it had grown to 83 employees and 44,990 members at 7 locations. Memphis City Employees Credit Union's money market rates are 7X 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

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Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #60239
Year Chartered1959
Employees83
Primary Regulator
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD3.63%
Annual Interest Income$5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$481.4MM$457.7MM
LoansQ1 2025vs Q1 2024$261.3MM$259.1MM
DepositsQ1 2025vs Q1 2024$408MM$387.5MM
Equity CapitalQ1 2025vs Q1 2024$65.7MM$59.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$7.6MM$7.2MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.3MM$1MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/25/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/25/2025
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
APY APY = Annual Percentage Yield Rates as of 6/25/2025
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
APY APY = Annual Percentage Yield Rates as of 6/25/2025
4.30%
Our Rating
4.1  / 5
BrioDirect
High-Yield Savings
See Offer
Sponsored Note: You must deposit at least $5,000 to open your account. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/25/2025
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
Bonus Amount
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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* 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
0.30%*$25k*-Regular Share Savings
OTHER TIERS: 0.15% → $0 - $1k | 0.20% → $1k - $5k | 0.25% → $5k - $25k
0.30%*$25k*-Special Share Savings
OTHER TIERS: 0.15% → $0 - $1k | 0.20% → $1k - $5k | 0.25% → $5k - $25k
0.30%*$25k*-Christmas Club Account
OTHER TIERS: 0.15% → $0 - $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-6 Month CD
4.11%$1k-12 Month CD
3.60%$1k-24 Month CD
3.29%$1k-42 Month CD
3.29%$1k-36 Month CD
3.19%$1k-30 Month CD

Memphis City Employees Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.27%$1k-6 Month IRA
4.11%$1k-12 Month IRA
3.60%$1k-24 Month IRA
3.29%$1k-42 Month IRA
3.29%$1k-36 Month IRA
3.19%$1k-30 Month IRA
1.00%$0-Accumulative IRA Account
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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