Memphis Municipal Employees Federal Credit Union


Overview / Commentary
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 99th largest credit union in the state of Tennessee. It is also the 3,397th largest credit union in the nation. It was established in 1963 and as of March of 2025, it had grown to 4 employees and 3,131 members at 2 locations. Memphis Municipal Employees Federal Credit Union has a C+ 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
C+
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
Employees4
Primary Regulator
Profit Margin
Return on Assets - YTD-1.14%
Return on Equity - YTD-5.62%
Annual Interest Income$162K
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$15.1MM$16MM
LoansQ1 2025vs Q1 2024$5.4MM$5.8MM
DepositsQ1 2025vs Q1 2024$11.9MM$12.6MM
Equity CapitalQ1 2025vs Q1 2024$3MM$3.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$183K$167K
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$192K$216K
Real Estate OwnedQ1 2025vs Q1 2024$0$0
Rates

Sorry, we do not have rate data for Memphis Municipal Employees Federal Credit Union.

Locations


Memphis Municipal Employees Federal Credit Union Locations
Branch Office577 Dr Ml King Jr AveMemphis, TN 38126-1942
Corporate Office2168 Frisco AveMemphis, TN 38114

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.