# FEDEX EMPLOYEES CREDIT ASSOCIATION
Memphis, TN · NCUA charter 21751 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/fedex-employees-credit-association-21751

Who the members are: federal charter, service (single sponsor), organized 1974, low-income designated. 96,185 members of 288,555 potential (33.3% of the field); checking penetration 35% (share draft accounts per 100 members); loans per 100 members 21.

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 4 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $641.5M |
| Members | 96,185 (-5.2% YoY) |
| Full-time staff | 119 |
| Net worth | $89.0M |
| Net worth ratio | 13.9% (p87 of band) |
| ROA (annualized) | 0.08% (p8 of band) |
| Total delinquency | 1.20% (p86 of band) |
| Net charge-offs (annualized) | 1.51% (p95 of band) |
| Loans / shares | 55% (p7 of band) |
| Cash / assets | 6.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.42% (p46 of band) |
| Operating expense / assets | 4.03% (p71 of band) |
| Vehicles % of loans | 35% (p64 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.53% (p46 of band) |
| Vehicle NCO | 3.03% (p95 of band) |
| Repossessed % of vehicle book | 0.20% (p80 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 6% |
| Unsecured % of loans | 12% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 15% |
| Average share balance | $3,560 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $51,052 |
| Loans outstanding per 100 members | 21% |
| Loans granted per 100 members, annualized | 4% |
| Average loan balance | $14,586 |
| Loans granted, annualized | $54.7M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $51,052 outstanding purchased (0.1% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 2.7% year over year.

## Flags firing in the latest filing

- **net worth falling** (`cap_falling`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **members leaving** (`shrink_members`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 1 | net worth falling |  |
| 2016-12 | 0 |  | net worth falling |
| 2017-03 | 0 |  |  |
| 2017-06 | 2 | net worth falling, delinquency rising |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | net worth falling |
| 2018-03 | 1 |  |  |
| 2018-06 | 0 |  | delinquency rising |
| 2018-09 | 1 | delinquency rising |  |
| 2018-12 | 0 |  | delinquency rising |
| 2019-03 | 0 |  |  |
| 2019-06 | 1 | net worth falling |  |
| 2019-09 | 0 |  | net worth falling |
| 2019-12 | 0 |  |  |
| 2020-03 | 0 |  |  |
| 2020-06 | 1 | net worth falling |  |
| 2020-09 | 2 | margin squeeze |  |
| 2020-12 | 2 |  |  |
| 2021-03 | 5 | losing money, delinquency rising, loan book shrinking |  |
| 2021-06 | 1 |  | net worth falling, losing money, delinquency rising, loan book shrinking |
| 2021-09 | 1 | charge-offs p90 | margin squeeze |
| 2021-12 | 1 |  |  |
| 2022-03 | 1 |  |  |
| 2022-06 | 1 |  |  |
| 2022-09 | 2 | delinquency rising |  |
| 2022-12 | 1 |  | delinquency rising |
| 2023-03 | 2 | assets shrinking |  |
| 2023-06 | 3 | delinquency 2x band, delinquency rising | assets shrinking |
| 2023-09 | 2 | assets shrinking | delinquency 2x band, delinquency rising |
| 2023-12 | 3 | delinquency rising |  |
| 2024-03 | 4 | delinquency 2x band |  |
| 2024-06 | 3 |  | assets shrinking |
| 2024-09 | 4 | assets shrinking |  |
| 2024-12 | 4 |  |  |
| 2025-03 | 2 |  | delinquency rising, assets shrinking |
| 2025-06 | 3 | assets shrinking |  |
| 2025-09 | 2 |  | assets shrinking |
| 2025-12 | 2 | members leaving | delinquency 2x band |
| 2026-03 | 4 | net worth falling, delinquency 2x band |  |

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

- 2026-06-08 [52 credit union leaders earn CUDE designation in June DE class of 2026 - CUInsight](https://news.google.com/rss/articles/CBMisAFBVV95cUxPMWNHSl9CUXE1aFRCUGtabGttcW45OUVObFFuVTNXbC0zOUtTNURqZGFib2FPZ3VCUnQ1RlRNWjN6MzlUb1dNZUtoZTJ6VV9uZHA3RGIwTEZTeTVpR29rRTFRQ2twVjh5WThPTTRqSG5CZFhCNHZsUkhvS1gtbEdKcjBkTC1aVTh1SUZoX2tWUF83OGxfZHkzUzFieTRWZjJMZVFwNFFQSExndVhoUDU2ag?oc=5) · CUInsight
- 2024-10-08 [20 credit unions with largest portfolios of home equity loans - American Banker](https://news.google.com/rss/articles/CBMingFBVV95cUxOd0t1Y1Y3cUdEUXRlblVRbVFqZ0lDREZER01HQXBfbWZQeUpBSkMwaDNuRFloNVZObkFWckljMmN1dTR4UUltUDBDY2lrYTR0RU9BckhFbHR4M29Yd1BhQTYzbDFNVVJUMDNYXzNLQzd0SGw3LXlQVUdPX21JN1lfSVhqNGM5QWUyMmxMcDZOUG9PcVVIRDVUZkZiRWZ1Zw?oc=5) · American Banker
- 2018-01-25 [Daniel Weickenand, Orion Federal Credit Union: 2018 CEO of the Year - Memphis magazine](https://news.google.com/rss/articles/CBMinAFBVV95cUxOVDVyMThsNE1qdVVLc3F1R0FGM2FpTjhDNnBzQmprZmtpSTd3RGlrQzlHQ2VRQ2J6bWxXdXBsNzcxdWdzSmEwMElZeVNDRzh0elBTU1h4VGRDcmFOV0ZNb1o2YVJIeC11bUl4SXJ0cGZrV3ZHbWFrNWdieDBRZVNsXzhUbWh6YnlqcmVxMDFjZmo3bnJqRE9mVUdGQ2w?oc=5) · Memphis magazine
- 2025-04-10 [America's Best Regional Banks and Credit Unions 2025 - Tennessee - Newsweek Rankings](https://news.google.com/rss/articles/CBMikAFBVV95cUxPU3h5RW1VTUtjSG1vSmRwSGo1RXZjdlFpa3F6NjhOU2EtRW9HR1ZndlZwTE94dlJBQ19rekotdVlCXzYtUUk2TWx4clNNUEhwXzZpckQ4bE5XNlRFOENBUklEXzctam1yY2hJc2otQk5NdWpVeWxKSHk1VnlsU0FiVnAyTmU3d1dfUzAxOGVQd1M?oc=5) · Newsweek Rankings
- 2023-09-21 [Collierville-based Southern Security starts construction on new headquarters - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxPQWo4amV5N2Juc0JmRlA4eFNDbWE2eDVPWVVwcFMybUtBUzd2c1lmN2xWWk5Sbi1HYURtNW45YzZGbDdYdldRWnFxT3p3Z3lDZGVUMVQ4Wm9YUzZRYmdNMXI1MC03czFkNmdyWUh4SFY4TWthaUxpVkNsbWV4QUZqaEFJYXYwaWdidkxHUWNvdFRsUzJYTGY5R21iN20xREx4Y25KMF9Edw?oc=5) · The Business Journals
- 2025-10-07 [Regional Banks, CUs: 3 Proven Strategies to Drive Growth - Resourceful Finance Pro](https://news.google.com/rss/articles/CBMifEFVX3lxTFAxR0V1c1lIRy1GXzQtSGNTNk9EM3N6NjM2M3FzT0p2b2hTUDc2aEw2NVR2Z0lUaDBUYXRTckJsanRGWXdsenQ1SnU3SEw3bldSSWhEcmNqLWdMMVNIM3R1Sks5a2FoZy0xTkpoUkVOaVJISDFDd01PR3IzM3I?oc=5) · Resourceful Finance Pro
- 2016-07-18 [Memphis man sentenced for defrauding multiple Mid-South banks - WREG.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxPMUI4REFfdXdENVhYTm1FOVF5cTFBSXVtbGd6WHFDa3JJTVAyckhKMWZEZ2sweDlUR1BYM3dyRmxZVnlTcjJVNnQ1d2NwZEhqV0NyQ3l2TU45eUEyMHJvNldUNnlabU5XcE5feFo5dFU4Z3FTTWdJNGpYM3NiUXg1M0kzaV81RXVybjFSZNIBkgFBVV95cUxPb2JCZ3RDTjZFSUpCRHFFeFB1ZmlqWWxJckk5b2dMQUczQmpEQXZpd0JqaFNuVHJFaW90UW02eF8zTzFJak9iS21ncklnTFRZVzcybWJoWlA0RnJ2NjQzY2F5Skd3aW5QLUZvbmhIaHlxN2Q5TGYtQVh3OXVSWG10N3JEVjU1WW82SmM4bzg0Y2tyUQ?oc=5) · WREG.com
- 2025-04-08 [Best Banks and Credit Unions in California 2024 - Newsweek Rankings](https://news.google.com/rss/articles/CBMikgFBVV95cUxONWFxRkExWV9IblE1OXl5eFotT1dhMHZRdHpzc1dWU1JvUGI2dF9YNXMtcmZGdE5JUkU3eTh4aWgxT2lIWDlTcUpfdGpSUUY2c251amFFX2VrVUstYVVZbzhwdndHS3JONjM5WlF2MDNNMXVvQ3Q4dlJJN19jMmFEMy1Rc1VtMm5ua0o5UnQ4RUJFZw?oc=5) · Newsweek Rankings

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=21751 (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/55.json (key "21751", 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=21751
- 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