Memphis City Employees Credit Union Memphis TN | Affordable Auto Loans & Quick Personal Banking

Introduction

Welcome to Memphis City Employees Credit Union, your trusted partner in achieving financial wellness since 1959. Located at 2608 Avery Ave, Memphis, TN 38112, we have been dedicated to serving our community for over six decades. With a strong membership base of 44,177 and total assets reaching an impressive $459,508,225, we pride ourselves on being a reliable resource for all your banking needs. At Memphis City Employees, we understand the importance of community support and financial empowerment. Our commitment is reflected not only in our robust financial health but also in our personalized services. We offer a range of products, from checking and savings accounts to auto loans and credit cards with rewards. With total deposits amounting to $29,883,688 and a net worth of $68,508,706, you can trust us to manage your finances wisely. Under the leadership of CEO Kenneth Swann and Board President HettieAnn Spendlove, our team of 92 employees is here to help you navigate your financial journey with confidence. Whether you're looking for assistance with personal loans or want to take advantage of our online banking options, we're always just a phone call away at 901-321-1200. While members can visit us at our branch location, official correspondence should be sent to the same address: 2608 Avery Ave, Memphis, TN 38112-4821. Join us today and discover how Memphis City Employees Credit Union can make a positive impact on your financial future. Visit our website at www.memphiscu.org or come see us in person! We look forward to serving you!

Branch History & Mission

At Memphis City Employees, we take pride in our rich history and unwavering commitment to serving the community. Established in 1959, our branch has evolved into a trusted financial partner for thousands of members in Memphis, TN. With a total membership exceeding 44,000, we have dedicated ourselves to providing top-notch financial services tailored to meet the unique needs of our diverse community. Located at 2608 Avery Ave, Memphis, TN 38112, our branch is easily accessible and surrounded by familiar landmarks that make it a convenient stop for all your banking needs. While members can visit us at this address, official correspondence should be sent to 2608 Avery Ave, Memphis, TN 38112-4821. Our mission is straightforward: to empower our members through excellent financial services while making a positive impact in the community. We offer a range of services including checking and savings accounts, auto loans, mortgage options, personal loans, credit cards with rewards, and business banking solutions. Our commitment goes beyond just banking; we strive to support local initiatives and foster relationships that uplift our neighborhoods. Over the years, we have grown significantly, currently managing assets totaling over $459 million. This growth reflects not only the trust placed in us by our members but also our dedication to responsible financial management. We operate with transparency and integrity, ensuring that each member feels valued and understood. In addition to traditional banking services, we embrace technology to enhance your experience. Our online and mobile banking platforms allow you to manage your finances anytime, anywhere. Whether you prefer using an ATM available right at our branch or taking advantage of drive-thru services for quick transactions during your busy day, we've got you covered. We are also proud of our efforts toward accessibility and inclusivity. Our facilities comply with ADA standards so that everyone can enjoy their banking experience comfortably. As we look towards the future, we remain committed to nurturing partnerships within the community and expanding our outreach programs. Our vision is clear: we want every member to thrive financially while feeling connected to a supportive network. Join us at Memphis City Employees today! Experience firsthand how we blend exceptional financial services with a genuine desire to help our community flourish. For more information or assistance, feel free to contact us at 901-321-1200 during our lobby hours from Monday through Wednesday 8:00 AM - 4:00 PM and Thursday & Friday from 9:00 AM - 5:00 PM (Drive-Thru open until 6 PM). Let's build a brighter future together!

Branch Location & Accessibility

Call Us Today!

Our friendly staff is ready to assist you with any questions or services you may need. Feel free to give us a call at 901-321-1200 or visit our website at memphiscu.org. We look forward to welcoming you soon!

Comprehensive Banking Services

At Memphis City Employees, we offer a wide range of services tailored just for you. From personal banking options like checking and savings accounts to auto loans and mortgage refinancing, we've got everything covered. Need cash? Our ATM is readily available for quick withdrawals and balance checks. Plus, if you're looking for simple transactions or deposits, our drive-thru service makes it easy. While members can visit us at 2608 Avery Ave, official correspondence should be sent to the same address as our mailing address is also 2608 Avery Ave, Memphis, TN 38112-4821.

Convenient Access and Features

At our Avery branch, you'll find ample parking available, making it easy for you to pop in for all your banking needs. We are proud to offer ADA-compliant features, ensuring that everyone can access our services comfortably. If you prefer the convenience of banking from your car, our drive-thru service is available, allowing you to complete transactions without leaving your vehicle.

Operating Hours

We understand that life can get busy! That's why we have flexible operating hours designed to accommodate your schedule. Our lobby is open Monday through Wednesday from 8:00 AM to 4:00 PM, and on Thursday and Friday, we welcome you from 9:00 AM to 5:00 PM. For those who prefer the drive-thru, we extend our hours on Thursdays and Fridays until 6:00 PM.

Member Eligibility

Becoming a member of Memphis City Employees is like joining a close-knit family where your financial well-being is our top priority. If you live, work, or worship in the Memphis area, you're already on your way to enjoying all the benefits we have to offer! We welcome individuals associated with local government entities and their families too. Joining is simple and inclusive just visit us at our branch located at 2608 Avery Ave Memphis Tn 38112, and our friendly team will guide you through the process. You can also learn more about eligibility details by checking out our website at http://www.memphiscu.org/who-we-are/membership . If you're ready to open an account, you can find all the information you need here: http://www.memphiscu.org/our-products/loans/auto-loans . Have questions? Feel free to call us at (901) 321-1200; we're here to help!

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 $0 in commercial loans for our members, helping businesses scale and succeed. Whether you're looking to expand your operations or manage cash flow, our loans provide the financial support you need to turn your vision into reality.

Merchant Services

In addition to lending, we offer comprehensive merchant services that simplify everyday transactions. Imagine having a reliable partner that can help you accept payments smoothly, whether in-store or online. This means more time for you to focus on what matters most growing your business. At Memphis City Employees, we are dedicated to fueling economic growth within our community by offering flexible financing solutions and practical support. If you're ready to take your business to the next level, stop by our branch at 2608 Avery Ave Memphis Tn 38112 or give us a call at (901) 321-1200 today!

Comprehensive List Of Services

ATM & Cash Withdrawal Services

Need quick access to cash? Our ATMs allow for easy withdrawals and balance checks without hassle. Plus, our drive-thru service offers basic banking transactions like deposits and withdrawals so you can get what you need without leaving your car. At Memphis City Employees, we are proud of our commitment to making banking accessible and straightforward for everyone in the community. If you're interested in any of these services or want more information, feel free to reach out at (901) 321-1200 or visit us online at Avery. We're excited to help you achieve your financial goals!

Business Banking

For our entrepreneurial members, we offer comprehensive business banking services, including merchant services and business loans designed to support your company's growth. We know that small businesses are vital to our community's economy, which is why we aim to provide valuable resources for success.

Credit Options

Our credit cards with rewards provide not only purchasing power but also rewards for everyday spending. Enjoy benefits while building your credit history it's a win-win!

Digital Banking Features

In today's fast-paced world, convenience is key. That's why Memphis City Employees offers robust online and mobile banking options. Access your accounts anytime, anywhere with features like mobile payments, person-to-person transfers, and e-statements. You'll never miss a beat when it comes to managing your finances.

Home Financing

Thinking about buying a home? Our mortgage loans and refinancing services can help make that dream a reality. We understand that homeownership is an important milestone, and we're here to guide you through every step of the process, ensuring you find the right mortgage product that fits your budget.

Personal Banking Solutions

Managing personal finances is crucial for everyone. At Memphis City Employees, we offer various options to help you achieve your goals. Our checking and savings accounts provide a solid foundation for managing day-to-day expenses and building savings for the future. If you're in need of a vehicle, our auto loans and vehicle financing options make it easier than ever to get behind the wheel without breaking the bank.

Personal Loans

Sometimes life throws unexpected expenses your way. For those moments, our personal loans and debt consolidation services offer flexible solutions to keep you on track financially. Whether it's for home repairs or consolidating credit card debt into one manageable payment, we're here to assist.

Digital & Online Banking

Key Features

Our online banking platform is packed with practical features. You'll have access to e-statements, allowing you to view your financial statements digitally and securely no more paper clutter! Plus, if you're on the move, our mobile application is here to help. It's designed for ease of use, making it simple to check balances, make payments, and even set up mobile payments for fast transactions. If you need to send money to friends or family quickly, our person-to-person transfer feature has got you covered. It's a straightforward way to send funds without any hassle. And while we currently do not offer electronic signature authorization, rest assured that all your transactions are safe and secure. With Memphis City Employees's digital banking solutions, managing your money has never been easier or more accessible. Enjoy peace of mind knowing that your accounts are just a click away!

Financial Strength

Commitment to Growth

With $65,669,965 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 evident with $3,707 in used auto loans and $262,590,252 in total loans and leases, supporting your financial goals across various sectors. Our operational efficiency shines through with a net income of $1,456,964, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 86 full-time employees and 6 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Growing Community Trust

Total Share and Deposit Accounts stand at 80,009, showing a strong and growing member base that trusts us with their finances. Additionally, net shares available for lending and investments amount to $2,019,779, reflecting our commitment to furthering your financial success. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Memphis City Employees is your trusted partner. Visit us at 2608 Avery Ave Memphis Tn 38112 or call (901) 321-1200 to learn more about how we can help you achieve your financial goals.

Member-Centric Savings Options

Members' savings are secured through $56,797,188 in share certificates and $44,479,086 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $259,359, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks.

Solid Financial Health

With a net worth of $68,508,706, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $1,491 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

Additional Services

We also provide robust financing options for personal needs and business ventures. Our total credit lines amount to $67,000,000, allowing businesses to access the capital they need for growth and expansion. If you have questions about eligibility or how to get started with any of our loan products, don't hesitate to ask our team during business hours. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. At Memphis City Employees Credit Union, we're here to support you every step of the way in achieving your financial dreams!

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $65,363,054 in used vehicle loans and $23,307,183 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates that suit your budget. Plus, if you are considering refinancing your existing auto loan, we have options available that could lower your payments or reduce your interest rate.

Credit Card Loans

Managing everyday expenses has never been easier with our unsecured credit card loans. We offer flexible terms on these loans, with a total of $13,071,707 already helping members manage their finances effectively. Whether you need help consolidating debt or simply want to take control of your spending, our credit card options are designed to fit your needs.

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $12,662,764, making buying or refinancing simple. We work closely with you throughout the process to ensure you understand all your options and find a solution that fits your lifestyle.

Loan Aggregator

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MEMPHIS CITY EMPLOYEES CREDIT UNION