Featured Savings Rates
Featured Accounts

Memphis Municipal Employees Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
0.37%1-year CD12 Month CD
0.05%SavingsSavings Account
0.60%3-year CD2.5 Year CD

Overview / Commentary
901-528-2841
577 Dr M L King Jr Ave
Memphis, TN 38126

Memphis Municipal Employees Federal Credit Union is headquartered in Memphis and is the 101st largest credit union in the state of Tennessee. It is also the 3,850th largest credit union in the nation. It was established in 1963 and as of June of 2016, it had grown to 7 employees and 2,701 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+
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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD0.5%
Return on Equity - YTD1.66%
Annual Interest Income$257.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$14.1MM$13.1MM
LoansQ2 2016vs Q2 2015$4.7MM$4.4MM
DepositsQ2 2016vs Q2 2015$9.9MM$8.9MM
Equity CapitalQ2 2016vs Q2 2015$4.2MM$4.2MM
Loan Loss AllowanceQ2 2016vs Q2 2015$103.00K$123.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$52.00K$114.00K
Real Estate OwnedQ2 2016vs Q2 2015$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 Account
0.05%$500-Presidential Club 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%$2,500-26 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