Mayo Employees Credit Union Phoenix AZ | Affordable Auto Loans & Business Banking

Introduction

Welcome to Mayo Employees, your trusted credit union located at 5777 E Mayo Blvd, Phoenix, AZ 85054. Established in 1934, we've proudly served our community for nearly nine decades, providing financial solutions that empower our members. With a total membership of 74,655 and assets reaching an impressive $1,380,196,657, we are dedicated to fostering financial wellness and supporting your dreams. At Mayo Employees, we understand that banking is about more than just numbers; it's about building relationships and making a positive impact in our community. Our commitment is reflected in our robust portfolio of services, including personal banking options like checking and savings accounts, auto loans, mortgages, and even business banking solutions tailored to meet the needs of local entrepreneurs. Led by our experienced CEO, Mary Hansen, and Board President Patrick Steward, we strive to ensure that every member feels valued and supported. Our team of 125 employees is here to assist you with any questions or concerns. You can reach us at 480-342-2400 during our lobby hours from Monday to Friday, 7:30 A.M. to 4 P.M. While members can visit us at our branch location for their banking needs, official correspondence should be sent to the same address: 5777 East Mayo Blvd, Phoenix, AZ 85054. Join us today and discover how Mayo Employees can help you achieve your financial goals! For more information about our services or to become a member, please visit our website at mayocreditunion.org. We look forward to welcoming you into our credit union family!

Branch History & Mission

Community Commitment

Our commitment goes beyond banking; it extends into the heart of the Phoenix community. We actively participate in local events and support various charitable organizations that align with our values. By collaborating with these partners, we help improve the quality of life for those around us. While members can visit us at 5777 E Mayo Blvd, official correspondence should be sent to 5777 East Mayo Blvd, Phoenix, AZ 85054 if needed. We invite you to experience the advantages of becoming a member of Mayo Employees Credit Union. Join us today and discover how we can help you achieve your financial goals while contributing positively to the community! For more information or assistance, feel free to call us at 480-342-2400 during our operating hours: Monday through Friday from 7:30 A.M. to 4 P.M. Let's grow together!

Our Journey

Since opening our doors at 5777 E Mayo Blvd, Phoenix, AZ 85054, we have evolved significantly while staying true to our roots. Initially established to serve employees of the Mayo Clinic, we've expanded our membership eligibility to include anyone who lives or works in the area. This growth reflects our desire to foster financial well-being for all members of our community. With total assets exceeding $1.38 billion, we are well-equipped to offer a wide range of services tailored to meet the diverse needs of our members. From personal banking options like checking and savings accounts to vehicle financing and mortgage loans, we strive to provide accessible financial solutions that empower individuals and families alike.

Our Mission

The mission of Mayo Employees Credit Union is simple yet profound: We aim to enhance the financial health of our members through exceptional service and community engagement. We believe that when you succeed, we all succeed. That's why we prioritize not just offering loans and accounts but also building long-lasting relationships with our members. We understand that financial literacy is vital for making informed decisions. Therefore, we host workshops and seminars aimed at educating our members about budgeting, saving, and investing wisely.

Branch Location & Accessibility

Welcome to the Mayo Employees branch, located at 5777 E Mayo Blvd in beautiful Phoenix, Arizona! This convenient location is nestled in a vibrant area known for its friendly community and proximity to several local landmarks, making it easy for you to stop by. Whether you're heading home from work or running errands, our branch is here to serve you. While members can visit us at 5777 E Mayo Blvd, official correspondence should be sent to the same address. We pride ourselves on accessibility, ensuring that all members can comfortably reach us. Our branch features ADA-compliant entryways and ramps, making it easy for everyone to access our services. Our operating hours are designed with your busy schedule in mind. You can visit us Monday through Friday from 7:30 A.M. to 4 P.M., allowing you ample time to take care of your banking needs before or after work. Although we currently do not offer ATM or drive-thru services, our dedicated staff is always ready to assist you inside the branch. At the Mayo Employees branch, we provide a range of personal and business banking services tailored to fit your lifestyle. From checking and savings accounts to auto loans and mortgage refinancing, we're here to help you achieve your financial goals. Don't hesitate to reach out at 480-342-2400 if you have any questions or need assistance. We invite you to come visit us soon! Your financial journey starts here at Mayo Employees Credit Union where we put our members first.

Member Eligibility

At Mayo Employees, we believe that joining our credit union is more than just opening an account; it's about becoming part of a caring community that supports your financial journey. To become a member of our friendly branch, located at 5777 E Mayo Blvd, Phoenix, AZ 85054, you'll need to meet some simple eligibility criteria. If you work for or are retired from the Mayo Clinic or one of its affiliates, you're likely already on the path to membership! We also welcome immediate family members of current members. This inclusive approach means that we're here to support not just individuals but families too. Becoming a member is straightforward and comes with fantastic benefits like competitive rates on loans and savings accounts, personalized service, and access to a variety of financial products tailored just for you. Ready to take the next step? You can learn more about the eligibility requirements by visiting our website at https://app.consumer.meridianlink.com/xa/xpressapp.aspx?enc=kw21wblm1yxpjjabdozadyhcb0uqkiajwfrbasprzposly-ycsczhrltj987kzdtj24crn3f6tpjdi4uyoc5bgeiklkkprd42w6to1vsy-m . Once you've confirmed your eligibility, opening an account is a breeze just head over to https://www.mayocreditunion.org/apply-for-a-loan .html or give us a call at (480) 342-2400 for assistance. We can't wait to welcome you into the Mayo Employees family!

Business Banking & Commercial Services

Business Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $5 in commercial loans for our members, helping businesses scale and succeed. - With an outstanding commercial loan portfolio of $2,022,159, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

Imagine having a partner that streamlines your payment processes, allowing you to focus on what truly matters growing your business. Our merchant services offer practical solutions that make transactions easy and efficient. From point-of-sale systems to online payment processing, we equip you with the tools needed to enhance customer experiences and boost sales. Located at 5777 E Mayo Blvd Phoenix Az 85054 in Phoenix, AZ, our team is ready to assist you with tailored financial solutions. Call us at (480) 342-2400 to learn more about how we can support your business goals today!

Comprehensive List Of Services

Business Banking

For local businesses, we offer comprehensive Business Banking solutions including Merchant Services & Business Loans. We understand the unique challenges faced by small businesses and strive to provide tools that help them thrive in today's market.

Digital Banking Convenience

In today's fast-paced world, convenience is key. That's why at Mayo Employees, we emphasize our robust Online & Mobile Banking services. You can manage all aspects of your accounts from wherever you are whether that's checking balances, transferring funds, or applying for loans. While we currently do not have ATM services or drive-thru capabilities at this location, our team is always ready to assist you during our operating hours from Monday to Friday between 7:30 A.M. and 4 P.M. For any inquiries or assistance, feel free to call us at 480-342-2400. At Mayo Employees, we're proud of the comprehensive suite of services we offer and look forward to serving our members' diverse financial needs. Visit us today or check out more about what we provide at our website. Let us partner with you on your financial journey!

Financial Solutions

Sometimes life throws unexpected challenges your way. Our Personal Loans & Debt Consolidation services are designed to provide financial relief when you need it most. Whether it's consolidating debt into one manageable payment or securing funds for a personal project, we're here to support you. Don't forget about our Credit Cards with Rewards, which allow you to earn while you spend. Enjoy benefits like cashback and travel rewards that can enhance your purchasing power.

Personal Banking

For individuals and families, we offer Personal Banking options that include Checking & Savings Accounts designed to help you manage your everyday expenses while saving for future goals. Imagine having the flexibility to access your funds anytime with online and mobile banking features. You can easily check balances, transfer money, and pay bills all from the comfort of your home or on the go. When it comes to financing big purchases, our Auto Loans & Vehicle Financing make it easier than ever to get behind the wheel of your dream car. We understand that reliable transportation is vital, so we work hard to provide competitive rates and flexible terms that fit your budget. If you're considering buying a home or refinancing an existing mortgage, our Mortgage Loans & Refinancing options are here to assist you through every step of the process. Homeownership can be a rewarding journey, and we want to help you find the right path that meets your needs.

Digital & Online Banking

Key Features

Our online banking platform allows you to view account balances, transfer money between accounts, and pay bills with just a few clicks. Whether you're on your computer or using our mobile application, you'll find everything user-friendly and straightforward. Plus, with features like electronic signature authorization, completing transactions has never been simpler or safer. Need to keep track of your statements? Enjoy the convenience of e-statements, which let you access your financial records without the clutter of paper. You can also take advantage of person-to-person transfers, making it easy to send money to friends or family directly from your account.

Mobile Convenience

For those on the go, our mobile payments feature allows you to make purchases quickly and securely right from your smartphone. You can easily manage all these functionalities through our mobile application, ensuring that you're always in control of your finances. In an age where security is paramount, rest assured that at Mayo Employees, we prioritize the safety of your information. Our systems are designed with advanced security measures to protect your data while providing you with a seamless banking experience. With easy access and real-time account management at your fingertips, banking with Mayo Employees has never been more convenient. Explore all the possibilities today by visiting us at https://www.mayocreditunion.org/ !

Financial Strength

Growing Membership Base

Our commitment to service is evident as we manage a total of 148,548 share accounts, showcasing a strong and growing member base that trusts us with their finances. The net shares available for lending and investments stand at $284,799, further demonstrating our capability to meet your needs effectively. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Mayo Employees is your trusted partner. Visit us at 5777 E Mayo Blvd Phoenix Az 85054 or call 480-342-2400 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings

Members' savings are secured through $241,433,100 in share certificates and $230,928,800 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Operational Efficiency

Our operational efficiency is reflected in our net income of $8,641,530, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 113 full-time employees and 12 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable and committed team.

Reinvesting for Your Future

With $173,323,690 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with $69,072,9835 in total loans and leases and $5,259 in used auto loans available to support your financial goals across various sectors.

Strong Financial Health

With a net worth of $184,661,216, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 1337 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $68,829,187 in used vehicle loans and $67,151,318 in new vehicle loans already helping members get on the road. We provide financing options for both new and used vehicles, ensuring that you find the right fit for your budget.

Business Financing

For business owners, our outstanding commercial loans totaling $2,022,159 provide the capital needed to grow and expand your business. We understand the challenges faced by entrepreneurs and are here to support your journey towards success. At Mayo Employees, we also recognize that life can change unexpectedly, which is why we offer refinancing options on existing loans. If you're looking for more manageable payments or lower interest rates, reach out to us today! To learn more about our loan offerings or explore eligibility options, feel free to contact us at (480) 342-2400 or visit us at our branch located at 5777 E Mayo Blvd Phoenix Az 85054 in Phoenix, AZ. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Let us help you take the next step towards achieving your financial dreams!

Credit Lines and Unsecured Loans

For those seeking additional financial flexibility, we also offer credit lines totaling $473,172,404. These lines can be a great resource for managing cash flow or unexpected expenses. Additionally, our unsecured credit card loans amounting to $15,392,719 provide members with easy access to funds when needed most.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $78,077,143, make buying or refinancing simple. We offer competitive rates and flexible terms to help you secure the home of your dreams without breaking the bank.

Loan Aggregator

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MAYO EMPLOYEES FEDERAL CREDIT UNION - Phoenix, AZ