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 1.50% - Ally Bank No Penalty 11-Month CD
0.05%	Savings	Savings Account 1.20% - Ally Bank Online Savings Account
0.60%	3-year CD	2.5 Year CD 1.60% - Ally Bank High Yield 3 Year CD

View all Memphis Municipal Employees Federal Credit Union rates »

Overview / Commentary

www.mmefcu.org

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 101^st largest credit union in the state of Tennessee. It is also the 3,810^th largest credit union in the nation. It was established in 1963 and as of June of 2017, it had grown to 6 employees and 2,707 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 2017

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 Chartered	1963
Employees	6
Primary Regulator

Profit Margin
Return on Assets - YTD	1.01%
Return on Equity - YTD	3.32%
Annual Interest Income	$265.00K

Assets and Liabilities
Assets	Q2 2017vs Q2 2016	$14.3MM$14.1MM
Loans	Q2 2017vs Q2 2016	$4.6MM$4.7MM
Deposits	Q2 2017vs Q2 2016	$9.9MM$9.9MM
Equity Capital	Q2 2017vs Q2 2016	$4.3MM$4.2MM
Loan Loss Allowance	Q2 2017vs Q2 2016	$88.00K$103.00K
Unbacked Noncurrent Loans	Q2 2017vs Q2 2016	$104.00K$52.00K
Real Estate Owned	Q2 2017vs Q2 2016	$0$0

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 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
0.05%	$500	-	Checking Account
0.05%	$500	-	Seniors Account
0.05%	$500	-	Presidential Club Account

Memphis Municipal Employees Federal Credit Union CD Rates

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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 Office	577 Dr Ml King Jr Ave	Memphis, TN 38126-1942