Advertising Disclosure
  1. Banks
  2. Memphis Municipal Employees Federal Credit Union

Memphis Municipal Employees Federal Credit Union


Overview / Commentary
www.mmefcu.org
901-528-2816
577 Dr M L King Jr Ave
Memphis, TN 38126-2205

Memphis Municipal Employees Federal Credit Union is headquartered in Memphis and is the 97th largest credit union in the state of Tennessee. It is also the 3,510th largest credit union in the nation. It was established in 1963 and as of September of 2021, it had grown to 6 employees and 3,025 members at 1 location. Memphis Municipal Employees Federal Credit Union has a B+ health rating.

Field of Membership Restrictions

Membership is open to all Christians of any denomination through membership in the Christian Benevolent Lodge Society ($30). Membership is also open to employees of the City of Memphis, Regional One Health, Memphis Housing Authority, NIDEC Motor Corporation, Hi-Speed Electrical, Shelby County, Airport Authority, Family Home Health Agency.
See current membership details

Reviews

No reviews have been left for this bank yet. Be the first to review.



Health
B+

Data as of Q3 2021

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Memphis Municipal Employees Federal Credit Union has a low asset base.

Health Grade Components

Overall
NCUA #15433
Year Chartered1963
Employees6
Primary Regulator
Profit Margin
Return on Assets - YTD-1.31%
Return on Equity - YTD-5.36%
Annual Interest Income$322.00K
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$18.3MM$17.2MM
LoansQ3 2021vs Q3 2020$4.7MM$4.2MM
DepositsQ3 2021vs Q3 2020$14.4MM$12.4MM
Equity CapitalQ3 2021vs Q3 2020$4.3MM$4.5MM
Loan Loss AllowanceQ3 2021vs Q3 2020$123.00K$164.00K
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$59.00K$85.00K
Real Estate OwnedQ3 2021vs Q3 2020$0$0
Rates
Skip to rates for:
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Memphis Municipal 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.

Memphis Municipal Employees Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Special Savings Account
0.05%$500-Savings Account

Memphis Municipal Employees Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$500-Checking Account
0.05%$500-Seniors Checking Account
0.05%$500-Presidential Checking Account

Memphis Municipal Employees Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$5k-2.5 Year CD
0.55%$5k-2 Year CD
0.37%*$1k*-12 Month CD
OTHER TIERS: 0.07% → $500 - $1k
0.15%$2.5k-26 Week Money Market Certificate
0.05%$500-3 Month CD
0.05%$500-6 Month CD

Memphis Municipal Employees Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$5k-2.5 Year IRA
0.55%$5k-2 Year IRA
0.37%*$1k*-12 Month IRA
OTHER TIERS: 0.07% → $500 - $1k
0.05%$500-3 Month IRA
0.05%$500-6 Month IRA
Locations


Memphis Municipal Employees Federal Credit Union Locations
Branch Office577 Dr Ml King Jr AveMemphis, TN 38126-1942

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.