Credit union · NCUA insured
FAA Federal Credit Union
A $130.2M credit union headquartered in Cordova, TN, with 7,656 members and 6 branches in 3 states. Best rates: CDs 2.30% and savings 0.50% APY.
FAA Federal Credit Union Carrot Score
81
Carrot Score
Higher than 54% of U.S. banks and credit unions
#12 of 36 in Memphis, TN-MS-AR metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About FAA Federal Credit Union
Originally chartered in 1954 as the Department of Commerce Memphis Employees Federal Credit Union, the institution changed its name to FAA Federal Credit Union in 1959.
FAA Federal Credit Union is a member-owned financial cooperative whose purpose is to maintain a sound, full-service financial institution for maximum member benefit.
- Headquarters
- 7130 Goodlett Farms Pkwy Ste 107E, Cordova, TN 38016
- NCUA charter
- 9639
Membership
Who can join
This may be incomplete or out of date, so check with the credit union before you apply.
Employers and groups
- Employees of approved sponsored employee groups / partner companies are eligible for membership.
- Persons retired as pensioners or annuitants from eligible sponsor companies/employment list are eligible for membership.
Family and household
- Immediate family members of eligible company employees/members, and spouses of persons who died while within the field of membership, are eligible for membership.
Cost to join
- Opening a Members Savings Account upon approval of a Member Service Agreement is required to officially establish membership.
Branches
6 branches in 3 states
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Tennessee
3 branches
- Wolfchase Branch8082 Rockcreek Cv, Cordova, TN 38016Directions
- Centennial Branch7974 Centennial Dr, Memphis, TN 38125Directions
- Memphis Service Center3229 Democrat Rd, Memphis, TN 38118Directions
Mississippi
2 branches
- Tupelo Main Office3182 Tupelo Cmns, Tupelo, MS 38804Directions
- Tupelo South901 S Gloster St, Tupelo, MS 38801Directions
Texas
1 branch
- Houston Branch16600 John F Kennedy Blvd, Houston, TX 77032Directions
Walk-in offices from the NCUA directory as of March 31, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
Well capitalizedas reported to the NCUA
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 18.64% | 11.43% | 13.58% or more |
| Troubled loans60+ days late | 0.87% | 0.68% | 0.39% or less |
| ProfitabilityReturn on assets | 1.80% | 0.75% | 1.18% or more |
| LendingLoans per $100 deposited | $41 | $76 | — |
- CapitalNet worth ratio18.64%Peers’ middle 11.43% · Top 25% 13.58%+
- Troubled loans60+ days late0.87%Peers’ middle 0.68% · Top 25% ≤0.39%
- ProfitabilityReturn on assets1.80%Peers’ middle 0.75% · Top 25% 1.18%+
- LendingLoans per $100 deposited$41Peers’ middle $76
Compared with the 1,338 credit unions with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are loans 60 or more days late.
Regulators’ own ratings of FAA Federal Credit Union are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.