Business Details
50+ Years
experience
Your Trusted Financial Partner in Memphis
Since 1959, Memphis City Employees Credit Union has been dedicated to providing high-quality financial services with a member-first approach. As a not-for-profit cooperative, we prioritize our members' financial well-being through competitive rates, low fees, and personalized service. Our mission focuses on promoting savings, responsible credit use, and financial education while maintaining a community-driven ethos.With over 40,000 members, we serve employees of specific Memphis-area organizations and their families, offering tailored solutions for checking, savings, loans, and retirement planning. Our commitment to 'People Helping People' reflects our deep roots in the community and our ongoing dedication to member success.
Services
Checking Accounts
Savings Accounts
Auto Loans
Credit Cards
Home Loans
IRAs
Digital Banking
Certificates
Christmas Club
Overdraft Protection
Details
- Year established: 1959
Highlights and features
- Member-owned cooperative prioritizing your financial success over profits
- Competitive rates on loans and savings products backed by 66 years of experience
- Free financial education resources and personalized member support
- Convenient digital banking with 24/7 account access and mobile deposit
- Community-focused approach serving Memphis employees and families since 1959
Associations and certifications
- NCUA
Services
Checking Accounts
Our free checking accounts offer no minimum balance requirements, no monthly service charges, and include free debit cards with chip technology. Members enjoy overdraft protection options, mobile banking with Apple Pay/Google Pay integration, and access to 30,000+ surcharge-free ATMs through the CO-OP Network. Digital banking features include free bill pay, account alerts, and remote check deposit for convenient financial management.
Auto Loans
We provide competitive auto loan rates starting at 4.49% APR for terms up to 84 months, with options for new and used vehicles. Our Express Loan program offers $1,000 financing without credit checks for qualified members. Loan specialists assist with pre-approval, dealership financing, and digital closing through DOCUSIGN, ensuring affordable payments and flexible terms tailored to individual budgets.
Savings Accounts
From basic savings to premium money market accounts, we offer multiple options for growing your funds. The Christmas Club account helps save for holiday expenses with automatic November disbursement. Youth savings accounts include parental incentives, while IRAs provide tax-advantaged retirement planning. All deposits receive competitive dividends and are insured up to $250,000 by the NCUA.
Digital Banking
Our 24/7 digital banking platform enables account management through mobile apps, online bill pay, and e-statements. Features include contactless payments via Apple Pay/Google Pay, remote check deposit, real-time transaction alerts, and SavvyMoney credit score monitoring. Members can also access loan applications, account opening tools, and secure messaging for seamless financial management from any device.
Credit Cards
The Mastercard Platinum Rewards Card offers cashback incentives, including 10,000 bonus points for $1,500 in holiday spending. Benefits include no annual fee, contactless payments, ID theft protection, and a rewards program for everyday purchases. Cardholders receive free credit score monitoring and can manage accounts through mobile banking apps with card control features.
Questions
Who is eligible to join Memphis City Employees Credit Union?
Eligibility includes employees of the City of Memphis, Bartlett, MLGW, Shelby County Library, IRS Service Center, Smith & Nephew, MCR Safety, and their immediate family members or household residents.
What loan options are available for first-time car buyers?
We offer competitive auto loans starting at 4.49% APR with terms up to 84 months, including 100% financing options and pre-approval assistance for new and used vehicles.
How can I access my accounts outside of business hours?
Digital banking provides 24/7 access to account management, bill pay, mobile check deposit, and loan applications through our mobile app or online banking portal.
What retirement savings options do you offer?
We provide Traditional, Roth, and Coverdell IRAs with tax advantages, competitive dividends, and NCUA insurance up to $250,000 for secure retirement planning.
Are there fees for using ATMs outside your network?
Members can use 30,000+ CO-OP Network ATMs nationwide without surcharges, with free access to balance checks and withdrawals.
Reviews (1)
Shawn Bigham
Aug 23, 2020
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Recently used Memphis Employees Credit Union to finance a vehicle for one of their customers. I can not praise them enough, especially Gabrielle Ordonez. She was a pleasure to work with and made everything smooth and easy. Would recommend her and this business to anyone. She is an asset to the company and to their members. Thank you, Gabrielle.
