Credit union · NCUA insured
MMEFCU
A $14.8M credit union headquartered in Memphis, TN, with 3,181 members and 1 branch in Tennessee. Best rates: CDs 0.60% and savings 0.15% APY.
MMEFCU Carrot Score
61
Carrot Score
Higher than 4% of U.S. banks and credit unions
#31 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 MMEFCU
Memphis Municipal Employees Federal Credit Union is headquartered in Memphis, Tennessee, and was chartered in February 1963 as Memphis Public Works Federal Credit Union.
Originally organized to serve unclassified employees of the City of Memphis, the credit union adopted its current name in September 1973.
- Headquarters
- 577 Dr Ml King Jr Ave, Memphis, TN 38126-1942
- NCUA charter
- 15433
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This may be incomplete or out of date, so check with the credit union before you apply.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 NIDEC Motor Corporation, Regional One Health, Hi-Speed Electrical, or Family Home Health Agency are eligible for membership.
Military, government and schools
- Employees of City of Memphis, Memphis-Shelby County Airport Authority, Memphis Housing Authority, or Shelby County Government are eligible for membership.
Family and household
- Immediate family members (defined as spouse, children, parents, grandparents, grandchildren, brothers, and sisters) of eligible individuals are eligible for membership.
Other ways
- A Christian of any denomination is eligible for membership.
Cost to join
- Eligibility through Christian affiliation requires a minimum deposit of $30.00, including a non-refundable Christian Benevolent fee of $16.00, a membership fee of $9.00, and a minimum deposit of $5.00.
- Eligibility through sponsor employment requires a minimum deposit of $14.00, consisting of a non-refundable membership fee of $9.00 and a minimum share savings deposit of $5.00.
Branches
1 branch in Tennessee
Loading map…
Tennessee
1 branch
- Memphis Municipal EFCUMain office577 Dr Ml King Jr Ave, Memphis, TN 38126Directions
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 | 20.32% | 14.31% | 19.38% or more |
| Troubled loans60+ days late | 2.10% | 0.70% | 0.18% or less |
| ProfitabilityReturn on assets | -0.16% | 0.65% | 1.19% or more |
| LendingLoans per $100 deposited | $44 | $59 | — |
- CapitalNet worth ratio20.32%Peers’ middle 14.31% · Top 25% 19.38%+
- Troubled loans60+ days late2.10%Peers’ middle 0.70% · Top 25% ≤0.18%
- ProfitabilityReturn on assets-0.16%Peers’ middle 0.65% · Top 25% 1.19%+
- LendingLoans per $100 deposited$44Peers’ middle $59
Compared with the 2,478 credit unions with under $100 million 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 MMEFCU are confidential. These figures are what it reports to the NCUA each quarter, set beside its peers; they aren’t a rating.