Mayo Employees Federal Credit Union
Headquarters
130 23rd Ave Sw
Rochester, MN 55902
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2024 Overview
General Credit Union Information
Mayo Employees is an NCUA insured institution located in Rochester, MN. It was founded in 1934 and has approximately $1404.28 millions in assets.
Who can join?
Membership in MEFCU is a benefit available to:
Current and retired Mayo employees
Volunteers of all Mayo affiliated entities
Students of Mayo Foundation
Blood or adoptive relatives of Mayo employees, volunteers or students listed above including your: Spouse, Children, Parents, Siblings, Grandparents, Grandchildren, Stepfamily Members, Household Relationships, Family Members for whom you are providing care and/or financial management
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24748 |
| Date Established | 1934 |
| Assets | $1,404.28 million |
| Loans | $689.59 million |
| Deposits | $1,195.19 million |
| Capital | $181.46 million |
Field of Membership Restrictions
Membership in Mayo Employees Federal Credit Union is open to current and retired Mayo employees, volunteers of all Mayo affiliated entities, students of Mayo Foundation, and employees of other Select Employer Groups and their family.
Deposit Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
We do not yet have rates for Mayo Employees
We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.
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Note to Mayo Employees
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Loan Rates - November 16, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Mayo Employees
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 1025894 |
6.868% | 6.750% | 1.00 | $3,884 | $2,076 | Learn More |
NMLS ID: 1907 |
7.181% | 7.125% | 0.63 | $1,802 | $2,156 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Mayo Employees
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Mayo Employees branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Mayo Employees Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 511.16 | A | View Lobby Hours | |
| 572.68 | B | View Lobby Hours | |
| 574.84 | C | View Lobby Hours | |
| 575.13 | D | View Lobby Hours | |
| 575.63 | E | View Lobby Hours | |
| 576.38 | F | View Lobby Hours | |
| 578.91 | G | View Lobby Hours | |
| 675.22 | H | View Lobby Hours | |
| 1595.34 | I | View Lobby Hours |
Climate Policy and Initiatives
MAYO EMPLOYEES is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Mayo Employees Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Mayo Employees. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Mayo Employees | U.S. Average |
|---|---|
| 0.72% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Mayo Employees had $1,283,642 in non-current loans and $24,301 in owned assets. To cover these potential losses it had $181,461,410 in net worth and $1,450,463 in loans loss reserves. That gives it a Texas Ratio of 0.72%.
Net Worth
| Mayo Employees | U.S. Average |
|---|---|
| 12.92% | 13.93% |
Mayo Employees FCU has a net worth of 12.92% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Mayo Employees
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