Mayo Employees Federal Credit Union

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A short history of Mayo Employees FCU

Since its inception in 1934 the Mayo Employees Federal Credit Union has been serving its members in the ROCHESTER, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Mary Hansen, the Mayo Employees FCU has grown its membership to over 57,506 with assets of more than $864,397,707. They have a main office and 9 branch offices. Please see the credit unions website or contact them by phone at (507) 535-1460 or email them at mecu@mayo.edu to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in ROCHESTER, MN.

General Information For Mayo Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 24748
Address 130 23RD AVE SW 
City ROCHESTER 
State Minnesota 
Zip-Code 55902
Phone Number (507) 535-1460
Fax Number (507) 293-8112
Email Address: mecu@mayo.edu
CEO/President Mary Hansen
Members 57,506 
Full-Time Employees 96 
Part-Time Employees 20 
Number of Branch Offices
Total Assets 864,397,707 
Website http://www.mayocreditunion.org 

Compare Mayo Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
First Alliance CU Byron Office 1011 Tompkins Dr NE 55920 (507) 288-0330 No 7.74
Mower County Employees CU Mower County Employees Credit Union 1202 N Main St 55912 (507) 437-6360 No 29.84
Austin City Employees CU ACECU 711 4th Ave NE 55912 (507) 433-6580 No 29.87

Mayo Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Mayo Employees Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 8.25 1.89 2.75 3.25 3.45
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 106 27 71 44 51
Rank Among All Minnesota Credit Unions 4 1 10 5 4

Mayo Employees Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.10 0.10 0.25 0.40 0.40
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 116 129 105 284 243
Rank Among All Minnesota Credit Unions 8 17 18 33 28
Mayo Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 8.2508,61319,892,148
All Other Unsecured Loans/Lines of Credit 11.9004,00710,668,437
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 6.6101,36315,378,362
New Vehicle Loans 1.8903,02756,348,564
Used Vehicle Loans 2.7505,37955,678,453
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.250782166,181,696
Total Other Real Estate Loans/Lines of Credit 3.4502,17778,615,092
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 4.7902963,528,733
TOTAL LOANS & LEASES 25,644406,291,485

Mayo Employees Federal Credit Union Real Estate Loans and Lines of Credit

REAL STATE LOANS FIRST MORTGAGE

No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 18446,426,429238,468,350
    b. 15 Years or less 31668,402,1804814,386,775
Balloon/Hybrid
    a. > 15 years 294,060,98000
    b. 15 Years or less 9808,70127737,901
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 24446,483,4066214,010,905

OTHER REAL ESTATE

Closed-End Fixed Rate 1,57565,099,91021312,190,558
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 60213,515,1829944,518,602
Open-End Fixed Rate 0000
TOTALS 2,959244,796,7881,36754,313,091

MISCELLANEOUS REAL ESTATE LOANS/LINES OF CREDIT INFORMATION

Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
REVERSE MORTGAGES
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Mayo Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes