HEALTHNET Credit Union Profile

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HEALTHNET

Charter #9994 | NCUA Region 2 | FCU
Low-Income Designation: Yes
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (901) 226-1111

Fax: (901) 226-1122

Founding Date: N/A

Website: http://www.healthnetfcu.org

Personnel & Operations

President: Emerick, Charles

Manager: Sharpe, Elizabeth

FT Employees: 11

PT Employees: 0

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 51

Branches: 3

Hours: Mon, Tue, Thu 7:30 - 4:00 Wed, 10:00 - 4:00

Credit Union Profile Summary

HEALTHNET is a FCU Credit Union. With a total of 4,554 members [1], this institution manages approximately $55,881,291 in total assets [1]. It proudly serves as a Low-Income Designated institution. Key financial indicators show a solid Net Worth Ratio of 13.61% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at -6.26% [1].

Financial Snapshot

Total Assets [1]
$55,881,291

Total economic resources.

Total Loans [1]
$14,528,505

Total value of outstanding loans.

Total Deposits [1]
$47,655,710

Total funds deposited by members.

Members [1]
4,554

Number of active members.

Performance Ratios

Net Worth Ratio [1]
13.61%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
-0.11%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
30.49%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↓ -0.43%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↓ -6.26%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -3.76%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

1591 Chickering Ln

Cordova, TN, 38016-8698
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 3 branches reported by HEALTHNET (Charter #9994).

Main Office

Chickering Lane Main Office

Type: Corporate Office

1591 Chickering Ln

Cordova, TN 38016-8698

Phone: (901) 226-1111

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Memphis

Walnut Grove

Type: Branch Office

6029 Walnut Grove Rd

Suite 103

Memphis, TN 38120

Phone: (901) 226-1111

Services: Member Services

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Southaven

Southaven

Type: Branch Office

84 Airways Pl

Southaven, MS 38671

Phone: (901) 226-1111

Services: Member Services, ATM, Drive-Thru

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