This main office of Fair Break is located at 3074 Covington Pike in Memphis, Tennessee, and can be reached at (870) 635-2029. Fair Break is a Minority Depository Institution (MDI) and federally insured financial cooperative serving the Memphis, Tennessee community. Established to provide a secure alternative to big banks, they focus on member service rather than profits. If you are comparing options, you can also browse other credit unions in Memphis or review your personal loan options.
Profits are returned to members via better rates & lower fees.
Local decision making and support for the Memphis area.
This is the main headquarters location, managing all branch operations and member services for the institution.
Access small loans up to $2,000 with rates capped at 28% APR. A safe, regulated alternative to predatory payday lenders designed to help you handle emergencies.
Specialized loans designed to help you establish or rebuild your credit score safely and affordably.
Expert guidance on budgeting, debt reduction, and wealth building to help you achieve financial stability.
Full service available in multiple languages to support our diverse community.
Affordable wire transfer services, making it easier to send money domestically or internationally.
No-cost share draft accounts (checking) with no monthly maintenance fees.
3074 Covington Pike
Memphis, TN 38128
Membership at Fair Break is typically open to individuals who live, work, worship, or attend school in Memphis and surrounding areas.
We recommend contacting the branch at (870) 635-2029 to confirm your eligibility before visiting.
Membership and underwriting can take time. If you need funds while your application is in progress, you can explore installment loans or, if your credit history is still developing, review loan options for bad credit.
Like most credit unions, Fair Break typically offers the following services. If you want to weigh these against online options, you can compare debt consolidation loans or, for those rebuilding their score, look at loans for fair credit:
Yes, as a federally chartered or insured credit union, accounts are insured by the **NCUA (National Credit Union Administration)** up to $250,000. This offers the same level of protection as FDIC insurance at traditional banks.
Field of membership typically includes residents of Memphis, employees of specific local companies, or family members of existing members. Contact the branch directly for the most current eligibility list.
Looking for credit unions near me in other Tennessee cities? Browse credit unions in nearby locations:
To borrow from Fair Break Credit Union you generally need to qualify for membership and meet its lending criteria, and not every applicant is approved. If you don't qualify, need to compare rates, or want to review more options, you can apply online with lenders serving Tennessee. Applying is quick, and funds may be available quickly after approval.
Approval, amount, and terms depend on the lender and your creditworthiness. Loans are not available in all states.