Memphis Municipal Employees Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.37% | 1-year CD | 12 Month CD 2.45% - Synchrony Bank 12 Month CD |
| 0.05% | Savings | Savings Account |
| 0.60% | 3-year CD | 2.5 Year CD 2.55% - Barclays 36 Month Online CD |
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 3,762nd largest credit union in the nation. It was established in 1963 and as of June of 2018, it had grown to 6 employees and 2,605 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
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 15433 |
| Year Chartered | 1963 |
| Employees | 6 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.6% |
| Return on Equity - YTD | 1.91% |
| Annual Interest Income | $277.00K |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $14.0MM$14.3MM |
| Loans | Q2 2018vs Q2 2017 | $5.0MM$4.6MM |
| Deposits | Q2 2018vs Q2 2017 | $9.6MM$9.9MM |
| Equity Capital | Q2 2018vs Q2 2017 | $4.4MM$4.3MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $71.00K$88.00K |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $61.00K$104.00K |
| Real Estate Owned | Q2 2018vs Q2 2017 | $19.00K$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $500 | - | Special Savings Account | |
| 0.05% | $500 | - | Savings Account |
Memphis Municipal Employees Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
Memphis Municipal Employees Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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 | ||
| Memphis Municipal Employees Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 577 Dr Ml King Jr Ave | Memphis, TN 38126-1942 |