Easy in Digital Banking! All it needs is you.
At Memphis City Employees Credit Union, we want to give you all the tools to reach your financial goals. Our investment solution has intuitive features and personalized guidance, empowering you to invest with ease directly in digital banking!
Get started with as little as $10!
- Log in to MCECU Digital Banking from your desktop or mobile app
- Go to the "Investments" tab under "Financial Welless"
- Answer a few simple questions to help personalize your investment approach
- Deposit $10 from any MCECU account
- Start Investing!
Why MCECU Investments?
Invest on Your Terms
Building wealth doesn’t have to be complicated. Whether you’re new to investing or experienced, MCECU Investments gives you flexibility and control, all built into your MCECU mobile app or digital banking experience.
Simple and Seamless
No extra login credentials, just log in to your digital banking to access investments. Move money directly from your MCECU accounts into your investment account easily and securely! Ready to invest in 1-2 business days!
Accessible and Affordable
There are no large barriers of entry into investments with MCECU. Start a portfolio with as little as $10, and choose from a guided, a self-directed, or hybrid portfolio that meets your risk tolerance and preferences!
Investments FAQs
How do I start?
Log into MCECU digital banking and select "Investments" under " Financial Wellness." Simple as that!
Can I choose my own investments?
Of course! You can choose a self-directed portfolio. If you would like some help, select a completely guided portfolio or a hybrid portfolio with a mix of the two.
Is investing advice provided?
This platform helps tailor portfolios but does not provide personalized investment advice.
Can I set up automatic deposits into my investment account?
Yes, you can set up automatic or recurring deposits. The minimum amount for recurring deposits is just $10, and you can set it up to be weekly, bi-weekly or monthly. At any time you can cancel or modify your recurring deposit with the simple click of a button.
Are investments insured by the NCUA?
Investments are not NCUA insured, are not deposits, and may lose value.
How do I get tax or account statements for my digital investing account?
If you have a tax or account statement available, you can find it by clicking 'Account' and then 'Documents and Statements'. From there, select the statement you're looking for and open or download it.
What are the costs?
A Self-Directed investing portfolio is commission-free. We don't charge anything per trade, or to open or maintain your account.
For Hybrid and Pre-Built Portfolios there is an annual management fee of 0.50% based on the value of assets in the portfolio. For example, if you have $1,000 in your Digital Investing account, you will pay $5 per year. The fee is charged monthly in arrears and automatically deducted from your Digital Investing Account, so you don't need to do anything yourself to pay this management fee.
Investments are offered through Eko Investments, Inc. Eko’s “Investments as a Service” enables Memphis City Employees Credit Union to offer digital investments directly on our digital banking platform. Investment products used by Eko are not deposits, are NOT NCUA insured, are NOT insured by any government agency, are NOT guaranteed by the Credit Union, are subject to risk and are subject to possible loss of principal. Fees may apply. Visit the Account section of your digital investing app for additional disclosures including Eko Investments, Inc. disclosures.