Home
Contents
Explore
Search

Memphis City Employees Credit Union

Overview
Back to Top

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.

About
Address 2686 Mount Moriah Terrace
Memphis, Tennessee 38115
Website http://www.memphiscu.org
Phone (901) 321-1200
Fax (901) 202-9712
CEO Kenneth Swann
President of the Board Barbara Arnold
Services Offered
Map
Back to Top
Score Card
Back to Top
61 years
Years in business
Opened in 1959
Well Capitalized
Net worth classification
Source: NCUA
35,833 members
Membership type: State chartered natural person credit union
Above average number of members
459:1
Credit union member to staff ratio
459 per each FTE employee
Compared to 411:1 nationally
Fewer staff
$301,196,523
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
0.10%
Savings interest rate
Compared to 0.3% nationally
11.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
Branches
Back to Top
5 branches
Compared with an average of 4 nationally and 3 in Tennessee
Above average number of branches
Memphis City Employees Credit Union Branch Locations

Memphis City Employees Credit Union: Avery
2608 Avery Avenue
Memphis, Tennessee 38112
ATM Available
Memphis City Employees Credit Union: Mt. Moriah Admin
2686 Mount Moriah Terrace
Memphis, Tennessee 38115
No ATM
Memphis City Employees Credit Union: Downtown
109 North Main Street
Memphis, Tennessee 38103
No ATM
Memphis City Employees Credit Union: Whitehaven
4135 Elvis Presley Boulevard
Memphis, Tennessee 38116
ATM Available
Memphis City Employees Credit Union: Stage
5705 Stage Road Suite 2
Bartlett, Tennessee 38134
ATM Available
Memphis City Employees Credit Union: Mt. Moriah
2678 Mount Moriah Terrace
Memphis, Tennessee 38115
ATM Available
Memphis City Employees Credit Union: Whitten
1900 Whitten Road Suite 102
Memphis, Tennessee 38133
ATM Available
Members
Back to Top
35,833 members
Membership type: State chartered natural person credit union
Above average number of members

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.

Fees
Back to Top
$102
Average fee per member
The average fee per member at the Memphis City Employees Credit Union is $102, which is very high compared to most credit unions. This rate is higher than 85% of all credit unions.
Fees are higher than average

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.

Staff
Back to Top
459:1
Credit union member to staff ratio
459 per each FTE employee
Compared to 411:1 nationally
Fewer staff
78 staff members
FTE (full-time equivalent)
25% of employees are part-time
67 full-time, 22 part-time

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.

Assets
Back to Top
$301,196,523
Total assets
Above average
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
18.1%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

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.

Loans & leases
Back to Top
$8,521
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 65% of credit unions.

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.

Savings interest rate
Back to Top
0.10%
Savings interest rate
Compared to 0.3% nationally

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%.

Loan rates
Back to Top
11.50%
Unsecured credit card loan interest rate
Compared to 10.8% nationally
12.00%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
6.49%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
2.99%
New car loan rate
Compared to 4.0% nationally
8.29%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
4.75%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
3.75%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally