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 Memphis Municipal Employees Federal Credit Union Rates & Review June 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
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Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated: June 16, 2026
Memphis Municipal Employees Federal Credit Union's savings rates are at 0.00%. MonitorBankRates evaluates the financial stability of Memphis Municipal Employees Federal Credit Union with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 4.27%. Rates were last updated on 06/16/2026. Memphis Municipal Employees Federal Credit Union money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Memphis Municipal Employees Federal Credit Union? Share your experience about Memphis Municipal Employees Federal Credit Union by leaving a review below, or read customer reviews before you decide to use Memphis Municipal Employees Federal Credit Union. Memphis Municipal Employees Federal Credit Union
Memphis Municipal EFCU 577 Dr Ml King Jr Ave
https://www.mmefcu.org Memphis, TN 38126 1942 
Memphis Municipal Employees Federal Credit Union Savings Rates
Methodology & Data SourcesMonitorBankRates Star Rating
Our rating for Memphis Municipal Employees Federal Credit Union is derived from comprehensive financial data published quarterly by the NCUA. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with member feedback (user reviews) to help you make informed banking decisions.
Texas Ratio
We calculate the Texas Ratio using standard industry methodology. This ratio compares the credit union's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.
Rate Data Aggregation
We gather Memphis Municipal Employees Federal Credit Union rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with Memphis Municipal Employees Federal Credit Union's official website for the most current offers and terms.
Credit Union Profile & Overview
Credit Union Name
Memphis Municipal Employees Federal Credit Union
Website
https://www.mmefcu.org
Address
577 Dr Ml King Jr Ave,
Memphis, TN 38126 1942
Phone
901-528-2816
Fax
901-528-2826
President
Charlette Johnson
CEO
Delphine Price
Full-Time Employees
5
Part-Time Employees
4
Branch Locations
1
ATM Locations
1
NCUA Insured
✓ Yes — Up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (98/100)
Texas Ratio
4.27%
Return on Assets (ROA)
-0.6478%
Return on Equity (ROE)
-3.1802%
Non-Performing Loans Ratio (NPL)
2.53%
Total Assets
14,641,198
Total Amount of Shares and Deposits
11,515,634
Total Shares and Deposits < 1 Year
11,403,566
Total Shares and Deposits 1 3 Years
112,068
Total Uninsured Member Shares and Deposits > $250K (A+A1+B+C+D+E)
50,108
Total Uninsured Shares and Deposits > $250K (F+J)
50,108
Total Insured Shares and Deposits > $250K (item 17 less item K)
11,465,526
Total Interest Expense (Sum of items 6 8)
4,559
Share Certificates
66
Number of Accounts for Share Drafts
1,069
IRA KEOGH Accounts
39
Number of Accounts for Regular Shares
4,705
Net Income (unless the amount is already included in Undivided Earnings)
-94,850
Total Cash on Deposit (Amounts Deposited in Financial Institutions)
1,448,675
Total Liabilities
11,667,840
Source: NCUA — Last Updated 09/30/2025
Customer Reviews
There are no reviews for Memphis Municipal Employees Federal Credit Union yet. Feel free to create one below.
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Add Your Rating and Review for Memphis Municipal Employees Federal Credit Union
Frequently Asked Questions About Memphis Municipal Employees Federal Credit UnionHow many branches does Memphis Municipal Employees Federal Credit Union operate?Memphis Municipal Employees Federal Credit Union currently maintains approximately multiple branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is a member application needed to join Memphis Municipal Employees Federal Credit Union?Yes, to access services at Memphis Municipal Employees Federal Credit Union, a member application is required. As a credit union, membership is based on specific eligibility criteria such as where you live, work, or your organizational affiliations. Is there a first-time homebuyer program?Currently, Memphis Municipal Employees Federal Credit Union does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, Memphis Municipal Employees Federal Credit Union provides members with tools to manage their accounts and build a solid financial history. Does Memphis Municipal Employees Federal Credit Union offer online and mobile banking?Most modern institutions like Memphis Municipal Employees Federal Credit Union provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mmefcu.org. Current Memphis Municipal Employees Federal Credit Union Rates
Retrieved from our database of financial products. Rates subject to change.
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