Memphis City Employees Credit Union is a federally insured state credit union based in Memphis, Tennessee. It has been opened since 1959, for 61 years.
With around $301,200,000 in assets, Memphis City Employees Credit Union is considered to be a very large credit union. It has 5 branches and 8 ATM locations.
|Address|| 2686 Mount Moriah Terrace |
Memphis, Tennessee 38115
|President of the Board||Barbara Arnold|
With 35,833 members, the Memphis City Employees Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 88% of credit unions.
Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.
The average fee per member gives you a general sense of how much you might pay in fees as a member of the Memphis City Employees Credit Union. Some credit unions tend to charge more fees, while others charge less.
Memphis City Employees Credit Union has 67 full-time staff members and 22 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 75% of the workforce.
The number of members relative to staff members is an indication of how well staffed the credit union is. Memphis City Employees Credit Union has around 459 members per staff, a higher ratio compared to other credit unions.
A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength
The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.
Memphis City Employees Credit Union holds a total of $153,080,000 in loans and leases, which is about $8,521 per member on average.
A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.
A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Memphis City Employees Credit Union pays 0.10%.