# MEMPHIS MUNICIPAL EMPLOYEES
Memphis, TN · NCUA charter 15433 · asset band <$50M · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/memphis-municipal-employees-15433

Who the members are: federal charter, multiple common bond, organized 1963, low-income designated, minority depository institution. 3,181 members of 5,000 potential (63.6% of the field); checking penetration 38% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *stressed*. Composite score 5 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $14.8M |
| Members | 3,181 (1.6% YoY) |
| Full-time staff | 4 |
| Net worth | $2.9M |
| Net worth ratio | 19.8% (p73 of band) |
| ROA (annualized) | -1.39% (p8 of band) |
| Total delinquency | 2.36% (p82 of band) |
| Net charge-offs (annualized) | 1.52% (p90 of band) |
| Loans / shares | 44% (p29 of band) |
| Cash / assets | 49.1% |
| Borrowings / assets | 0.00% |
| Net interest margin | 4.46% (p72 of band) |
| Operating expense / assets | 6.58% (p92 of band) |
| Vehicles % of loans | 73% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p43 of band) |
| Vehicle delinquency | 2.48% (p84 of band) |
| Vehicle NCO | 2.12% (p93 of band) |
| Repossessed % of vehicle book | 0.00% (p46 of band) |
| Real estate % of loans | 0% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 20% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 94% |
| Certificates % of member funds | 4% |
| Average share balance | $1,932 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 12% |
| Average loan balance | $4,241 |
| Loans granted, annualized | $934,128 |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **auto monoline** (`str_vehicle`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 4 | expense trap, delinquency 2x band, repo signal, auto monoline |  |
| 2016-06 | 3 | charge-offs p90 | delinquency 2x band, repo signal |
| 2016-09 | 4 | delinquency 2x band |  |
| 2016-12 | 2 |  | charge-offs p90, delinquency 2x band |
| 2017-03 | 2 | delinquency 2x band | expense trap |
| 2017-06 | 4 | delinquency rising, repo signal |  |
| 2017-09 | 4 | expense trap, members leaving | delinquency 2x band, delinquency rising |
| 2017-12 | 6 | delinquency 2x band, delinquency rising |  |
| 2018-03 | 5 | charge-offs p90 | expense trap, delinquency rising |
| 2018-06 | 3 |  | repo signal, delinquency 2x band |
| 2018-09 | 3 | expense trap | members leaving |
| 2018-12 | 2 |  | expense trap |
| 2019-03 | 3 | expense trap, delinquency 2x band | charge-offs p90 |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | delinquency rising |  |
| 2019-12 | 4 |  |  |
| 2020-03 | 5 | repo signal |  |
| 2020-06 | 7 | net worth falling, losing money, margin squeeze, loan book shrinking | expense trap, delinquency rising |
| 2020-09 | 7 |  |  |
| 2020-12 | 5 |  | delinquency 2x band, loan book shrinking |
| 2021-03 | 5 |  |  |
| 2021-06 | 6 | expense trap, delinquency 2x band | net worth falling |
| 2021-09 | 5 |  | expense trap |
| 2021-12 | 6 | expense trap, charge-offs p90 | margin squeeze |
| 2022-03 | 5 | delinquency rising | repo signal, losing money |
| 2022-06 | 7 | losing money, repo signal |  |
| 2022-09 | 7 |  |  |
| 2022-12 | 8 | assets shrinking |  |
| 2023-03 | 6 | net worth falling | charge-offs p90, delinquency rising, repo signal |
| 2023-06 | 7 | delinquency rising, charge-offs p90 | net worth falling |
| 2023-09 | 5 |  | delinquency rising, charge-offs p90 |
| 2023-12 | 7 | delinquency rising, charge-offs p90 |  |
| 2024-03 | 5 |  | expense trap, delinquency rising |
| 2024-06 | 4 |  | assets shrinking |
| 2024-09 | 5 | assets shrinking |  |
| 2024-12 | 5 |  |  |
| 2025-03 | 5 | expense trap | charge-offs p90 |
| 2025-06 | 6 | net worth falling |  |
| 2025-09 | 6 | charge-offs p90 | net worth falling |
| 2025-12 | 6 | delinquency rising | charge-offs p90 |
| 2026-03 | 5 | charge-offs p90 | assets shrinking, delinquency rising |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-05-02 [Memphis man accused of robbing six banks in ten days - WREG.com](https://news.google.com/rss/articles/CBMiiAFBVV95cUxNaG5FZGJxVjhqeW84NmNmQ2RRaU1vajVYbG53MTIwcTBNQXBvTW1RRXpjU3FOVDZ2VTE4SjJKUXBOOFJWMVZ1N1RjWkdXd0lUZWhGbWdlVmh5NUhjSXZ5OHlRdm5CVVlQRUZ2Rl8xVVM0bzhhNWxrbW5xT0JfcW9GZURvRmtfVkNm0gGOAUFVX3lxTE1PdFd2N25BNkdJRzhEZWxEM0pZci05U08xUHZza1dRTlpONUJJRmlPeU4yd25FRnk1c0FxTUxmdG5YdnhLUnAzemlTWTNPTnZJcDhEOC1tbGlFcmZHVTJuZmRoUFpzdV9QYnlIUnpWWnZmWXY5ODJIcDJGOVBwRUJwSmI3MHFoN25PcmdQOGc?oc=5) · WREG.com
- 2017-08-01 [Kenneth Elliott Obituary (2017) - Memphis, TN - The Commercial Appeal - legacy.com](https://news.google.com/rss/articles/CBMimwFBVV95cUxON21uRURVQmJmTF8xSTA1em5NRXBXRjcyTzlXY2MxOE5xcFo5bjJvR0NCaWRNMk9oRDY2enRJR0VOT05BT3RNSUJhSzBWaVNlVlFqRENwVE9wMXYxVi1QM0lOTkczVkQwMGZZTDlYOEhwTy03SDBwY1FwYWY4RlVEZ1FXU3pPZU5FRENMdDRpNHh3ZExzS1J1MWgxcw?oc=5) · legacy.com
- 2024-01-17 [Google Wallet adds support for over 40 more banks including Venmo - 9to5Google](https://news.google.com/rss/articles/CBMiekFVX3lxTFBFRngyX0h6VU1CeWUyekdkbkZZZVNmUXJCOTRqb0w5T1lDR3VVTV9uZi00T3VzTXh5VVZraEJhaGFZTFU5T1F0M1RDSlU3RkVMUlFVNF95Mk90WVk2bXQybE9YSjg3dEdNWVB2dnZtZnRFSzRlUE95cnp3?oc=5) · 9to5Google
- 2024-01-17 [Google Wallet now supports 44 more banks — here's the new additions - androidpolice.com](https://news.google.com/rss/articles/CBMijgFBVV95cUxNc2tTNzBQQjlWRmhZQnBFTFdzVlVWWDBwcUc0TkhyNWl4T1dfM0hLU3oxNDZPdlhqWV9mWmEyd3VRWVA0enVPaWk0SGFwSm9QM2E2X2M5ckpOblU2cF9lQkNZbzl6alFweWE0M25fYVZQdVBqV3BtNzIzRDJYNjhZTWw1QkZBUHI5VDBlbmVB?oc=5) · androidpolice.com
- 2019-01-31 [M.J Edwards one of city's quiet heroes | Norment - The Commercial Appeal](https://news.google.com/rss/articles/CBMiwwFBVV95cUxPTFJSNldJU2ZEYjNrS1NXZW9LSjFxTUFRT0xBVUF4cXpMQzREMjAzel9lVEhyU2tfaDJyTW5PdUpuUlBrVmNsRGltR3BneDFoNFZUVnJFSlQyeXk3RXNXZmpfZm1Qd1B3dUJLZERiX2ZhVFVSd2N0amhBQ3pMVWxFU0NuY2tQZmlfVzFfTVdRZk84ODRJeG1ZWkpkX3FNdVRaTmNEZldvb2ZqWEJTR0JrMnlJM01HbVhaeXR4NlczLTZDYUU?oc=5) · The Commercial Appeal
- 2007-08-02 [Renita Rhyan Obituary (2007) - Memphis, TN - The Commercial Appeal - legacy.com](https://news.google.com/rss/articles/CBMilwFBVV95cUxNWjNnajN6WE0wRHBXVlliMzQyck50UHlpY0dxUWtwMjlBWnpVZWczN0ROc3ZZcjlHaGlybm5UZkJMUWlaUTdvMUlrbDJqeU5PaWNvY3I3MElTaFJaOWdqdnczRUxraWUxM2JYNFAwd3F0eFZRdV9TdTN0bHh0WFZSajc2NzRTS0hKajBWRnlPVTFpLWttZVR3?oc=5) · legacy.com
- 2024-01-21 [Google Wallet Expands: 44 New Banks Now Supported - Gizchina.com](https://news.google.com/rss/articles/CBMihAFBVV95cUxPWkpLVFYtZW1zXzVFbVEyNVdRazZxdGcta1M1c3psdFZBNV9fUnZWeFFTXzZKc0JQVzhNYkktLXdEdWlGMlBJNk1pWTVOWVJLbTFWclVrTGpjUWNQellBODVYUHdjbFZCYlR4Nk0tSnBxZEVUdC1ZaC1TeHJiYlJRRFRublk?oc=5) · Gizchina.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=15433 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/9.json (key "15433", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=15433
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide