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FedTrust Federal Credit Union is a member-owned financial cooperative offering savings accounts, loans, and banking services to individuals in the Memphis, Tennessee area.
Data compiled from public sources
FedTrust Federal Credit Union operates as a member-owned and member-operated financial institution based in Memphis, Tennessee. The credit union has been serving members with a commitment to personalized, confidential service and competitive financial products. With physical branches and online banking capabilities, FedTrust positions itself as an alternative to traditional banks by emphasizing member ownership and relationship-based service. The organization maintains a straightforward membership model: "Once a member, always a member."
FedTrust offers a comprehensive range of financial products including multiple savings account types (Share Savings, Share Draft, Christmas Club, Certificates of Deposit, IRAs, and Insured Share Management Accounts), various loan products (auto, motorcycle, motor home, conventional mortgage, and signature loans up to $15,000), and digital banking services through It'sMe247 Online Banking. Members can access funds via ATM and VISA debit cards with favorable foreign ATM terms (four free withdrawals monthly at foreign ATMs). The credit union also provides payroll deduction and direct deposit services.
FedTrust distinguishes itself through localized service concentrated in the Memphis area, with a main branch at 167 N. Main Street and additional branch locations. The institution explicitly notes it is NOT part of the CO-OP Shared Branching Network, meaning members have limited access to shared branching services that larger credit unions offer. The credit union emphasizes personal, confidential service and prompt handling of borrowing needs, with the ability to apply for loans online.
As a regional credit union, FedTrust is best suited for Memphis-area residents seeking relationship-based banking with member ownership benefits and competitive loan rates. However, the lack of shared branching network access and limited geographic footprint may be restrictive for members who travel frequently or relocate. The organization represents a traditional credit union model focused on local community service rather than digital-first or national reach.
This is state-level context for Credit Unions consumers in Memphis, TN. It does not confirm that Fedtrust or this specific location is licensed.
State regulator
Tennessee Department of Financial Institutions
Consumer protection
Source: CreditDoc state-law summary and listed public regulator resources. Verify licensing directly with the listed state regulator before relying on a provider.
Fedtrust offers 15 services including Share Draft Accounts (checking), Share Savings Accounts, Christmas Club savings accounts, Certificates of Deposit (CDs), Convenient Money Certificates (1-2 year terms), and 10 more.
Fedtrust has profile signals associated with Memphis, Tennessee residents seeking personalized, relationship-based banking with member ownership benefits, Local savers who value higher dividend rates and are willing to forgo shared branching network access, Credit union members preferring traditional, community-focused financial institutions over large national banks, Borrowers seeking competitive auto, motorcycle, motor home, or mortgage loans with simple online application processes.
Key strengths: Member-owned and operated structure means profits are returned to members as dividends rather than to external shareholders; Four free foreign ATM withdrawals per month included with debit card, plus $1 per transaction after that; Diverse loan products including auto, motorcycle, motor home, conventional mortgages, and signature loans up to $15,000. Areas to consider: NOT a member of CO-OP Shared Branching Network, severely limiting branch access outside Memphis; Limited geographic footprint - only Memphis, Tennessee location(s) restrict membership to local area residents.
In the Credit Unions category, comparable providers include FedTrust Federal Credit Union, Kennedy VA Employees FCU, Life Credit Union powered by Fortera. Each company has different strengths, so compare services, pricing, and consumer complaint records before deciding what to do next.
CreditDoc Profile Note
FedTrust Federal Credit Union is profile signals for Memphis-area residents who value member ownership, personalized service, and competitive savings/loan rates and are willing to accept limited geographic reach and no shared branching network access. The main caveat is that membership is practically restricted to the Memphis area, making it unsuitable for those who travel frequently or need branch access across multiple states.
FedTrust Federal Credit Union is a member-owned financial cooperative offering savings accounts, loans, and banking services to individuals in the Memphis area.
Google rating from 1 review
Profile signals: Memphis-area residents or employees with payroll deduction eligibility seeking personalized service and member-owner benefits, Individuals seeking traditional mortgage, auto, or motorcycle financing with rate claims to verify and personal service
Kennedy VA Employees FCU is a federal credit union serving employees of the Memphis Kennedy Veterans Administration Medical Center and their immediate family members, offering checking, savings, loans, and credit cards.
Google rating from 12 reviews
Profile signals: Current employees of Memphis Kennedy Veterans Administration Medical Center, Family members (parents, children, siblings) of VA Medical Center employees seeking member access
Life Credit Union, now part of Fortera, is a federally insured credit union offering checking, savings, loans, and credit cards across Tennessee and Kentucky with multiple branch locations.
Google rating from 67 reviews
Profile signals: Tennessee and Kentucky residents seeking local branch banking with digital convenience options, Military members and families with access to the Fort Campbell branch location
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