Memphis Municipal Employees Credit Union Memphis TN | Low Mortgage Rates & Business Banking

Introduction

Welcome to Memphis Municipal Employees, a trusted name in financial services since 1963. Located at 577 Dr Ml King Jr Ave, Memphis, TN 38126, we are dedicated to serving our community with integrity and care. With a strong membership base of 3,075 individuals, we pride ourselves on being more than just a financial institution; we are your partners in achieving financial wellness. At Memphis Municipal Employees, our total assets stand at an impressive $15,339,486, reflecting our commitment to stability and growth. We offer a wide range of services tailored to meet the needs of our members, including personal banking, auto loans, mortgage financing, and business banking solutions. Currently, we have issued 1,321 loans, demonstrating our dedication to supporting both personal and business goals. Our leadership team is here to guide you every step of the way. Under the guidance of CEO Delphine Price and Board President Charlette Johnson, we strive to foster a welcoming environment for all members. Whether you're looking for advice on managing your savings or seeking the right loan options, our knowledgeable staff is ready to assist you. While members can visit us at our branch for face-to-face interactions, official correspondence should be directed to our mailing address: 577 Dr Ml King Jr Ave, Memphis, TN 38126-1942. With total deposits reaching $1,143,758 and a net worth of $3,115,296, Memphis Municipal Employees stands as a pillar of strength within the community. Our aim is to not only meet but exceed your expectations as we work together towards your financial aspirations. Ready to learn more? Visit us online at mmefcu.org or give us a call at 901-528-2816. Join us today and experience the benefits of being part of a credit union that truly cares!

Branch History & Mission

Commitment to Service

We recognize that modern banking requires innovation and convenience. That's why we provide online banking services along with mobile access for account management on-the-go. Our commitment extends beyond just technology; we also ensure that all facilities are ADA compliant so everyone can access our services comfortably. Additionally, we offer drive-thru banking for quick transactions and an ATM available for your convenience. While members can visit us at 577 Dr ML King Jr Ave for all their banking needs, official correspondence should be directed to our mailing address at 577 Dr ML King Jr Ave, Memphis, TN 38126-1942.

Join Us!

As we look ahead, we're excited about continuing our journey together with you. Whether you're an existing member or considering joining us for the first time, we invite you to experience the personalized service and community spirit that defines Memphis Municipal Employees Credit Union. For more information or questions about membership eligibility, please call us at (901) 528-2816 or visit our website at www.mmefcu.org. Together, let's build a brighter financial future!

Mission Statement

At Memphis Municipal Employees Credit Union, our mission is simple yet impactful: we strive to enhance the financial well-being of our members while supporting community initiatives. We offer a range of services including checking and savings accounts, auto loans, mortgage financing, and credit cards with rewards ensuring that every member can achieve their financial goals. We believe in giving back to our community. Our partnerships with local organizations allow us to participate in outreach efforts that uplift those around us. We want every member not just to succeed financially but also to feel valued and supported within the broader community.

Our Journey

From our humble beginnings, Memphis Municipal Employees was established to provide financial services tailored to the needs of municipal employees and their families. Over the years, we've expanded our offerings while maintaining our core mission: to empower our members through accessible banking solutions and educational resources. Our headquarters in Memphis reflects our commitment to the community we serve. Our branch is conveniently located near several key landmarks, making it easy for members to visit us. Whether you need assistance with personal banking or auto loans, we are here to help.

Branch Location & Accessibility

Convenient Access and Features

At our branch, you'll find ample parking and features that cater to everyone, including ADA compliance for those who require assistance. We also offer a drive-thru service, allowing you to manage your banking needs from the comfort of your vehicle. Whether you're making deposits, withdrawals, or handling simple transactions, our friendly staff is always ready to help.

Get in Touch

We're excited to serve you! If you have any questions or need assistance before your visit, feel free to call us at 901-528-2816. We encourage you to come by and experience firsthand how we can help with your financial journey. Visit today and see why so many in Shelby County trust Memphis Municipal Employees Credit Union for their banking needs!

Operating Hours and Services

Our operating hours are designed to fit your busy schedule. We're open Monday through Thursday from 8:30 AM to 5 PM and extend our hours on Fridays until 6 PM. This flexibility ensures you can visit us at a time that works best for you. In addition to personal banking services such as checking and savings accounts, we also provide auto loans, mortgage refinancing, credit cards with rewards, and much more! Plus, with ATM availability right here at our branch, accessing your funds has never been easier. While members can visit us at 577 Dr. ML King Jr. Ave for all their banking needs, official correspondence should be sent to the same address as our mailing address: 577 Dr. ML King Jr. Ave, Memphis, TN 38126-1942.

Member Eligibility

Becoming a member of Memphis Municipal Employees is like joining a family that truly cares about your financial well-being. Located at 577 Dr Ml King Jr Ave Memphis Tn 38126, we welcome individuals who live, work, or worship in the Memphis area, making it easy for you to access our supportive community. If you're connected to Memphis Municipal Employees or are related to someone who is, you can easily become part of our credit union. Membership offers you a range of benefits, including competitive rates on loans and savings, personalized service, and access to various financial products tailored just for you. To get started on your journey with us, simply visit our eligibility page at http://www.mmefcu.org/membership-join-us.html for all the details on how to join. It's straightforward and inclusive, ensuring that everyone has an opportunity to thrive financially. If you have questions or need assistance, feel free to reach out at (901) 528-2816. We can't wait to welcome you!

Business Banking & Commercial Services

Business Loans That Drive Growth

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. - We also support the broader business community with $0 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $0, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services Made Easy

In addition to loans, our merchant services help streamline your payment processing. Imagine running your day-to-day operations without worrying about cash flow issues. Our services make transactions smoother, allowing you to focus on what matters most growing your business. Visit us at 577 Dr Ml King Jr Ave Memphis Tn 38126 in Memphis, TN or call us at (901) 528-2816 to learn how we can help your business thrive!

Comprehensive List Of Services

ATM & Drive-Thru Services

Need cash quickly? Our ATMs are conveniently located for easy withdrawals and balance checks. Additionally, our drive-thru service ensures you can handle simple transactions like deposits and withdrawals without leaving your car. At Memphis Municipal Employees, we're not just about numbers; we're about building relationships within our community. If you're interested in exploring any of these services further or have questions about how we can assist you better, please don't hesitate to reach out! Give us a call at 901-528-2816 or visit us at 577 Dr Ml King Jr Ave Memphis Tn 38126. We're here to help!

Auto Loans & Vehicle Financing

Thinking about buying a new car? Our auto loans offer competitive rates and flexible terms to fit your budget. Whether you're purchasing a brand-new vehicle or refinancing an existing loan, we work hard to make the financing process straightforward. Picture yourself driving off in your new car with affordable monthly payments that won't break the bank.

Business Banking

For entrepreneurs and small business owners, we also offer business banking services including merchant services and business loans. We recognize how important it is for businesses to have reliable financial support so they can thrive in today's market.

Credit Cards with Rewards

Our credit cards come with rewards that give back as you spend! Enjoy cashback or points for travel while benefiting from no annual fees. It's like getting rewarded for making everyday purchases!

Mortgage Loans & Refinancing

When it comes to home ownership, we provide mortgage loans and refinancing options that make it easier than ever to buy your dream home or lower your current payment. Our team will guide you through the application process, ensuring that you find the best rate available.

Online & Mobile Banking

In today's fast-paced world, convenience is key. Our online and mobile banking services allow members to manage their accounts anytime, anywhere. Whether you're using our app on-the-go or logging in from home on your computer, accessing your finances has never been simpler.

Personal Banking

Our personal banking services include checking and savings accounts designed for convenience and ease of access. Imagine effortlessly managing your finances from the comfort of your home using our online banking platform. You can check balances, transfer funds, and pay bills all at your fingertips. Plus, with e-statements available, you can easily track your spending and save on paper.

Personal Loans & Debt Consolidation

Life can throw unexpected expenses your way. For those moments when you need extra cash, our personal loans can help cover costs quickly and efficiently. Additionally, if you're feeling overwhelmed by debt, consider our debt consolidation options to streamline payments into one manageable monthly bill.

Digital & Online Banking

In today's fast-paced world, convenience and security are key when it comes to managing your finances. At Memphis Municipal Employees, we understand this need and offer a range of digital and online banking services designed to make your banking experience smoother and more efficient. With our 24/7 online banking services available at https://www.mmefcu.org/, you can access your accounts anytime, anywhere. Whether you're checking your balance, transferring funds, or paying bills, our user-friendly platform makes it easy to stay on top of your financial activities. Plus, our e-statements feature allows you to receive your account statements electronically, helping you save paper and keep track of your finances with ease. For those who prefer banking on the go, our mobile application is here to help. You can manage your accounts right from your smartphone or tablet. Need to send money to a friend? Our person-to-person transfer feature lets you do just that in a few simple taps. And while we currently do not support mobile payments, we're always looking for ways to enhance your experience. Security is also a top priority at Memphis Municipal Employees. While we don't offer electronic signature authorization just yet, rest assured that all transactions conducted through our online banking platform are protected with advanced security measures. In short, our digital and online banking services are all about making your life easier. From real-time account management to secure transactions, we're dedicated to providing you with the tools you need for effective financial management all from the comfort of home or on the go. Explore these services today at https://www.mmefcu.org/ and see how we can help simplify your banking experience!

Financial Strength

Commitment to Growth

With $3,180,752 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity supports members' financial goals across various sectors with $127 in used auto loans and $5,699,701 in total loans and leases.

Growing Member Base

Total Share and Deposit Accounts: 6,126, showing a strong and growing member base that trusts us with their finances. This growth illustrates our ability to meet the diverse needs of our community while maintaining a focus on your individual goals. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Memphis Municipal Employees is your trusted partner. Visit us at 577 Dr Ml King Jr Ave Memphis Tn 38126 or call (901) 528-2816 to learn more about how we can help you achieve your financial goals. *Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results.*

Member-Centric Approach

Members' savings are secured through $551,512 in share certificates, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. By keeping 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 $-84,138, enabling us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 5 full-time employees and 4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team.

Solid Financial Health

With a net worth of $3,115,296, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of $2,028 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 Loan Options

In addition to these popular offerings, we provide credit lines totaling $500,000 which can help with unexpected expenses or larger purchases. For those interested in business opportunities, our commercial loan services can support growth and expansion. If you're considering refinancing any existing loans or exploring eligibility options, our team is ready to assist you in finding the best solution tailored to your needs. For more information about our loan offerings or to start your application, feel free to reach out at (901) 528-2816 or visit us at our branch located at 577 Dr Ml King Jr Ave Memphis Tn 38126 in Memphis, TN. 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 toward 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 $2,346,621 in used vehicle loans and $1,775,377 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive rates that make it easy for you to finance your next vehicle.

Mortgage Loans

Thinking about homeownership? Our mortgage options, including Junior Lien 1-4 Family Residential Properties loans totaling $0, make buying or refinancing simple. We're here to guide you through the process and ensure you find the right fit for your financial situation.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $323,768 in loans helping members manage their finances effectively. This option is perfect for those looking to consolidate debt or make everyday purchases without tapping into savings.

Loan Aggregator

Benefits of Using LendMesh

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Ensuring Accurate Comparisons

Loan data on LendMesh is sourced directly from banks and credit unions that comply with National Credit Union Administration (NCUA) lending standards, based on the latest results (Source: https://www.ncua.gov), ensuring fair and transparent offers. This commitment to accuracy means users can trust that they are viewing legitimate loan options tailored to their needs.