Memphis City Employees Credit Union

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A short history of Memphis City Employees CU

Since its inception in 1959 the Memphis City Employees Credit Union has been serving its members in the MEMPHIS, Tennessee 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 Kenneth Swann, the Memphis City Employees CU has grown its membership to over 31,755 with assets of more than $276,177,078. They have a main office and 6 branch offices. Please see the credit unions website or contact them by phone at (901) 321-1200 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in MEMPHIS, TN.

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

Charter Number 60239
Address 2608 AVERY AVE 
City MEMPHIS 
State Tennessee 
Zip-Code 38112
Phone Number (901) 321-1200
Fax Number (901) 321-1212
Email Address: none
CEO/President Kenneth Swann
Members 31,755 
Full-Time Employees 61 
Part-Time Employees 21 
Number of Branch Offices
Total Assets 276,177,078 
Website http://www.memphiscu.org 

Compare Memphis City Employees Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Binsy CU 318 Collins Street 318 Collins St 38112 (901) 324-3921 No 1.60
Southern Security CU Hickory Hill 3580 Ridge Meadow Pkwy 38083 (901) 795-0443 No 1.82
Bulab Employees CU Bulab Employees FCU 1256 N McLean Blvd 38108 (901) 272-8325 No 1.99
Olivet Baptist CU Olivet Baptist Credit Union 10000 Woodland Hills Dr 38018 (901) 454-9432 No 2.40
Kennedy Va Employees CU Kennedy Va Employees FCU 1030 Jefferson Ave 38104 (901) 523-8990 No 2.41

Memphis City Employees Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Memphis City Employees 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 11.50 1.99 1.99 4.00 5.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 380 34 21 138 260
Rank Among All Tennessee Credit Unions 33 8 1 24 23

Memphis City Employees Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.20 0.10 0.30 0.85 0.85
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 102 129 97 198 179
Rank Among All Tennessee Credit Unions 6 17 14 19 15
Memphis City Employees Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 11.5003,9564,293,200
All Other Unsecured Loans/Lines of Credit 17.0004,93111,067,202
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 1.99062512,287,330
Used Vehicle Loans 1.9903,21239,545,885
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.00055743,478,221
Total Other Real Estate Loans/Lines of Credit 5.2501643,789,256
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 1.9905565,045,435
TOTAL LOANS & LEASES 14,001119,506,529

Memphis City Employees 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 627,084,953142,174,060
    b. 15 Years or less 28317,006,849191,324,200
Balloon/Hybrid
    a. > 15 years 13316,697,754202,901,626
    b. 15 Years or less 3455,48000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 762,233,18519489,937
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1643,789,25669997,741
Open-End Fixed Rate 0000
TOTALS 72147,267,4771417,887,564

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

Memphis City Employees 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 No
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders No
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes