Memphis Municipal Employees Federal Credit Union

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A short history of Memphis Municipal Employees FCU

Since its inception in 1963 the Memphis Municipal Employees Federal 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 Uzell Garner, Jr., the Memphis Municipal Employees FCU has grown its membership to over 2,707 with assets of more than $14,281,965. They have a main office and 1 branch offices. Please see the credit unions website or contact them by phone at (901) 528-2816 or email them at info@mmefcu.net 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 Municipal Employees FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 15433
Address 577 Dr Ml King Jr Ave 
City Memphis 
State Tennessee 
Zip-Code 38126
Phone Number (901) 528-2816
Fax Number (901) 528-2826
Email Address: info@mmefcu.net
CEO/President Uzell Garner, Jr.
Members 2,707 
Full-Time Employees
Part-Time Employees
Number of Branch Offices
Total Assets 14,281,965 
Website http://www.mmefcu.org 

Compare Memphis Municipal Employees Federal Credit Union To Other Local Credit Unions


Credit Union Name
Branch Name
Address
Zip Code
Phone Number
ATM Access
Distance (Miles)
Agility Financial CU Agility Financial Credit Union 2005 Nonconnah Blvd 38132 (901) 332-2685 No 0.88
Shelby County CU SHELBY COUNTY FEDERAL CREDIT UNION 150 Washington Ave 38103 (901) 222-1900 No 1.49
Kennedy Va Employees CU Kennedy Va Employees FCU 1030 Jefferson Ave 38104 (901) 523-8990 No 1.57
Fedtrust CU Eaglecrest 225 N Humphreys Blvd Ste 1029 38120 (901) 747-3631 No 1.57
Langston Bag Co. Empls. Sav. Assn. CU LangstonBAg 1760 S 3rd St 38109 (901) 774-4440 No 2.03

Memphis Municipal Employees Federal Credit Union Financial Performance Charts


Performance Charts

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Financial Data


Memphis Municipal 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 9.99 5.00 11.50 8.50 N/A
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 253 397 781 478 N/A
Rank Among All Tennessee Credit Unions 22 72 92 65 N/A

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

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.15 0.06 0.06
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 124 339 289
Rank Among All Tennessee Credit Unions 13 20 20 49 45
Memphis Municipal Employees Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 9.990160279,873
All Other Unsecured Loans/Lines of Credit 18.000851938,793
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.00013672,222
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 5.00043924,827
Used Vehicle Loans 11.5001392,100,554
Total 1st Mortgage Real Estate Loans/Lines of Credit 8.500558,949
Total Other Real Estate Loans/Lines of Credit 0.00000
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 2.55082269,256
TOTAL LOANS & LEASES 1,4164,644,474

Memphis Municipal 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 0000
    b. 15 Years or less 558,94900
Balloon/Hybrid
    a. > 15 years 0000
    b. 15 Years or less 0000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000

OTHER REAL ESTATE

Closed-End Fixed Rate 0000
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 0000
Open-End Fixed Rate 0000
TOTALS 558,94900

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 Municipal Employees Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending Yes
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