Credit union · NCUA insured
Mayo Employees Federal Credit Union
Top CarrotA $1.5B credit union, the 319th largest of 4,329, headquartered in Rochester, MN, with 75,879 members and 9 branches in 4 states. Best rates: CDs 4.25% and savings 1.45% APY.
Mayo Employees Federal Credit Union Carrot Score
Carrot ScoreTop Carrot
Higher than 80% of U.S. banks and credit unions
#5 of 24 in Rochester, MN metroHow the score works →
Deposits are federally insured by the NCUA up to $250,000 per depositor.
About Mayo Employees Federal Credit Union
Formed in 1933 by Mayo Clinic business office employees, Mayo Employees Federal Credit Union was established to pool funds for employee loans and provide member service and education.
Mayo Employees Federal Credit Union operates as a member-owned, not-for-profit financial cooperative.
- Headquarters
- 130 23rd Ave SW, Rochester, MN 55902
- NCUA charter
- 24748
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This may be incomplete or out of date, so check with the credit union before you apply.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 Mayo Clinic (and affiliated entities) are eligible for membership.
- Retirees of Mayo Clinic (and affiliated entities) are eligible for membership.
- Volunteers of all Mayo-affiliated entities are eligible for membership.
Military, government and schools
- Students of Mayo Clinic are eligible for membership.
Family and household
- Relatives of current MEFCU account holders are eligible for membership.
- Blood or adoptive relatives, stepfamily members, household relationships, or family members in the care of qualifying Mayo Clinic employees, retirees, volunteers, students, or account holders are eligible for membership regardless of age or location.
Branches
9 branches in 4 states
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Minnesota
6 branches
- Cascade Lake OfficeMain office130 23rd Ave SW, Rochester, MN 55902Directions
- 41st St Office3990 41st St NW, Rochester, MN 55901Directions
- Canal Place4463 Canal Pl SE, Rochester, MN 55904Directions
- Dan Abraham HLC565 1st Ave SW, Rochester, MN 55902Directions
- Kahler Office20 2nd Ave SW, Rochester, MN 55902Directions
- St Marys Hospital1216 2nd St SW, Rochester, MN 55902Directions
Arizona
1 branch
- Arizona Branch Office5777 E Mayo Blvd, Phoenix, AZ 85054Directions
Florida
1 branch
- Florida Branch Office4500 San Pablo Rd S, Jacksonville, FL 32224Directions
Wisconsin
1 branch
- La Crosse Office605 West Ave S, La Crosse, WI 54601Directions
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
| Measure | This credit union | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalNet worth ratio | 14.90% | 10.86% | 12.59% or more |
| Troubled loans60+ days late | 0.05% | 0.70% | 0.46% or less |
| ProfitabilityReturn on assets | 1.82% | 0.82% | 1.16% or more |
| LendingLoans per $100 deposited | $55 | $88 | — |
- CapitalNet worth ratio14.90%Peers’ middle 10.86% · Top 25% 12.59%+
- Troubled loans60+ days late0.05%Peers’ middle 0.70% · Top 25% ≤0.46%
- ProfitabilityReturn on assets1.82%Peers’ middle 0.82% · Top 25% 1.16%+
- LendingLoans per $100 deposited$55Peers’ middle $88
Compared with the 479 credit unions with $1 billion or more 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 Mayo Employees 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.