Sep, 30, 2025 — MEMPHIS CITY EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in MEMPHIS, TN with 6 branch locations and about $487.09 million in total assets. Opened 67 years ago in 1959, MEMPHIS CITY EMPLOYEES CREDIT UNION has about 43,798 members and employs 95 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMPHIS CITY EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 2686 Mount Moriah Ter MEMPHIS, TN 38115 |
| Phone: | (901) 321-1200 |
| Fax: | (901) 202-9712 |
| Website: | https://www.memphiscu.org |
| Branches: | 6 branch locations |
| Members: | 43,798 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60239 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $487,088,775 |
| CEO/Manager: | Kenneth Swann |
| Chairperson: | Delphone Hubbard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 42,584,380 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 134,920,057 |
| Unsecured Loans | 38,822,414 |
| Other Loans | 91,826,878 |
| TOTAL LOANS | 265,569,349 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -8,188,508 |
| Land And Building | 2,616,679 |
| Other Fixed Assets | 290,204 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 3,746,988 |
| All Other Assets | 0 |
| TOTAL ASSETS | 487,088,775 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,055,776 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 78,621,720 |
| Regular shares | 183,228,755 |
| All Other Shares & Deposits | 146,157,021 |
| TOTAL SHARES & DEPOSITS | 408,007,497 |
| TOTAL LIABILITIES | 417,063,273 |
| Regular Reserve | 0 |
| Other Reserves | 544,035 |
| Undivided Earnings | 69,481,467 |
| TOTAL EQUITY | 70,025,502 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 487,088,775 |
| INCOME & EXPENSE | |
| Loan Income | 11,985,978 |
| Investment Income | 3,709,514 |
| Other Income | 4,459,799 |
| Total Employee Compensation & Benefits | 7,272,996 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,867,491 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,184,000 |
| Cost of Funds | 3,731,042 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,007,318 |
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