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Memphis Municipal Employees Federal Credit Union

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Memphis Municipal Employees Federal Credit Union Rates & Review April 2026

Q: What are the current interest rates at Memphis Municipal Employees Federal Credit Union?

Current rates for Memphis Municipal Employees Federal Credit Union include: MMA: 0.15%

Q: 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.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 5, 2026

Memphis Municipal Employees Federal Credit Union's money market rates are at 0.15%. 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 4.56%. Rates were last updated on 04/05/2026.

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.

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.56%

Excellent Lower than avg

Memphis Municipal Employees Federal Credit Union
Memphis Municipal EFCU

577 Dr Ml King Jr Ave
Memphis, TN 38126 1942

https://www.mmefcu.org

Current Rate Availability

We do not have Memphis Municipal Employees Federal Credit Union rates right now, but we are constantly updating our database so check back often for updated rates.

Methodology & Data Sources

MonitorBankRates 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

Financials

MonitorBankRates Star Rating

5.0 / 5.0 ★

Overall Health & Safety Grade

A+ (98/100)

Texas Ratio

4.56%

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

Number of Accounts for Share Drafts

1,069

IRA KEOGH Accounts

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

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Frequently Asked Questions About Memphis Municipal Employees Federal Credit Union

Is Memphis Municipal Employees Federal Credit Union a safe place to deposit money?

Yes, Memphis Municipal Employees Federal Credit Union is considered a safe financial institution. With a Texas Ratio of 4.5604127194131%, the institution's financial health is rated as excellent. Your accounts are federally insured by the NCUA (National Credit Union Administration) up to $250,000 per depositor, for each account ownership category.

How 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.