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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 3,582nd largest credit union in the nation. It was established in 1963 and as of June of 2020, it had grown to 7 employees and 2,780 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

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Health
B+

Data as of Q2 2020

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
Employees7
Primary Regulator
Profit Margin
Return on Assets - YTD-0.4%
Return on Equity - YTD-1.36%
Annual Interest Income$260.00K
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$16.3MM$14.4MM
LoansQ2 2020vs Q2 2019$4.4MM$4.9MM
DepositsQ2 2020vs Q2 2019$11.7MM$9.8MM
Equity CapitalQ2 2020vs Q2 2019$4.6MM$4.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$110.00K$108.00K
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$107.00K$88.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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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 Club 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

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