# MEMPHIS CITY EMPLOYEES
MEMPHIS, TN · NCUA charter 60239 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/memphis-city-employees-60239

Who the members are: state charter, organized 1959, low-income designated. 44,001 members of 65,000 potential (67.7% of the field); checking penetration 60% (share draft accounts per 100 members); loans per 100 members 58.

**Verdict on the desk:** this could be *ordinary*. Composite score 0 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $500.7M |
| Members | 44,001 (-2.2% YoY) |
| Full-time staff | 94 |
| Net worth | $72.1M |
| Net worth ratio | 14.4% (p90 of band) |
| ROA (annualized) | 0.60% (p48 of band) |
| Total delinquency | 0.54% (p44 of band) |
| Net charge-offs (annualized) | 0.47% (p54 of band) |
| Loans / shares | 62% (p13 of band) |
| Cash / assets | 18.2% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.52% (p54 of band) |
| Operating expense / assets | 4.49% (p87 of band) |
| Vehicles % of loans | 31% (p58 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 0% (p7 of band) |
| Vehicle delinquency | 0.49% (p42 of band) |
| Vehicle NCO | 0.72% (p42 of band) |
| Repossessed % of vehicle book | 0.00% (p18 of band) |
| Real estate % of loans | 52% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 15% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 63% |
| Certificates % of member funds | 17% |
| Average share balance | $5,446 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $2.6M |
| Loans outstanding per 100 members | 58% |
| Loans granted per 100 members, annualized | 25% |
| Average loan balance | $10,287 |
| Loans granted, annualized | $67.2M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $2.6M outstanding purchased (3.6% of net worth), $0 sold and retained. Sold in 0 and bought in 0 of the last 8 quarters. Shares 3.3% year over year.

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 0 |  |  |
| 2016-12 | 0 |  |  |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 1 |  |  |
| 2017-09 | 0 |  | net worth falling |
| 2017-12 | 0 |  |  |
| 2018-03 | 1 | net worth falling |  |
| 2018-06 | 2 | delinquency rising |  |
| 2018-09 | 0 |  | net worth falling, delinquency rising |
| 2018-12 | 0 |  |  |
| 2019-03 | 1 | net worth falling |  |
| 2019-06 | 0 |  | net worth falling |
| 2019-09 | 1 | delinquency rising |  |
| 2019-12 | 0 |  | delinquency rising |
| 2020-03 | 2 | net worth falling, delinquency rising |  |
| 2020-06 | 1 |  | delinquency rising |
| 2020-09 | 1 |  |  |
| 2020-12 | 1 |  |  |
| 2021-03 | 2 | margin squeeze |  |
| 2021-06 | 0 |  | net worth falling, margin squeeze |
| 2021-09 | 0 |  |  |
| 2021-12 | 0 |  |  |
| 2022-03 | 1 | charge-offs p90 |  |
| 2022-06 | 2 | delinquency rising |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 1 |  | charge-offs p90 |
| 2023-06 | 0 |  | delinquency rising |
| 2023-09 | 0 |  |  |
| 2023-12 | 0 |  |  |
| 2024-03 | 0 |  |  |
| 2024-06 | 1 | charge-offs p90 |  |
| 2024-09 | 1 |  |  |
| 2024-12 | 0 |  | charge-offs p90 |
| 2025-03 | 0 |  |  |
| 2025-06 | 0 |  |  |
| 2025-09 | 0 |  |  |
| 2025-12 | 2 | net worth falling, delinquency rising |  |
| 2026-03 | 0 |  | net worth falling, delinquency rising |

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

- 2020-02-07 [Memphis City Employees and local IRS employees credit unions merge - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPSnVkb3FUZ2VmT0JqYV9EQ1lrUy1EQlVRY1lGMG03MFgxQ2dkZXZLRzJDTTVia0h2dzVKS0hiYnpmNV9TbnozRXM3RmNOb3M5bmhMMWVSX205eWlxQ25VQ0dBQnBISkZRUjhtTElaUnBpMmtSbTJKUWRRNG1MbkczRmdjLU12RWNSenpZTDEtOElCUm9WUnlSanRkTEZ6X043UlpYU2RB?oc=5) · The Business Journals
- 2023-06-03 [Donald Bruce Massingill Obituary - The Commercial Appeal](https://news.google.com/rss/articles/CBMiY0FVX3lxTFAtaU9kN1I5MllDOVVlTjJfYk5vQVZyNTdVdkdRb3pDckRlVi1uaEFZNnpHVGRNWVFJdk5nQ0Z6dHVwYTdLcTVnZG9JZlhoN2hrNVZIZmx1MEdwSGpfZzUyOVZqSQ?oc=5) · The Commercial Appeal
- 2023-05-30 [Donald Massingill Obituary (1955 - 2023) - Oakland, TN - The Daily Memphian - legacy.com](https://news.google.com/rss/articles/CBMimgFBVV95cUxPUHJZOFUxSWs4TnVVRVBUclZpWUZzZ1djWjFHakZibE5lSzVjeVF4bFdJWU81VU0zSUlhUEZLd0x6N2JHeTBGdW5Ec28wWnphazRUOEdkdlFsYndodHJ4S0J5a2NmT2ptNFN3WEhxSW1NOGhjS2txa2RIcmI0WlVIdE1TbjlYWVQ2eGZpT19ZRThFalFuX3Buak1B?oc=5) · legacy.com
- 2019-03-19 [[Update: And now 15 more] Google Pay adds support for 62 new banks and credit unions in the US - androidpolice.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxPdmxZRXZOelQ1UXgwVnVQNEpDTWFuOVl5SXExa3VXZmtzWlFoM2pOQjhqanNuQXJESU9TU3lyMENTdGFtN19JaWpZZ1pwYjhiemE5TUV3U0RvT0NzeGxtVDVMMUtpZ0NWYk54Y20zLWRxV0lqbUZEWlFIdmxyRUJieloxOGlNeFVLNlhMY2VOaUFXN3M1T3hTRGdCZzU3MnJHaUNFTUpfSC04T2ZBRy1v?oc=5) · androidpolice.com
- 2018-01-15 [List of school, other snow closures - The Commercial Appeal](https://news.google.com/rss/articles/CBMi4AFBVV95cUxQUFdQVURSZEJSRE42SzZUYm9NNk9MSk5EWUNXeVQ1VG8zVlc1V2pIZUdSWVJTb1VsWDFlajVDS0p5OElEUWtHMk43ZWNLc3pXel9hRnlmVWp6QUthNWg4RTBWUl9BUnkwUW96eHdUX3VhMVFGbldQNm5QVGdBdEtjcm1COGFqRXhnVVBOclhNbjQwRzlyQUNNVk55SzVNSHFKQ2J0dVdXQ0lYbGRqU1RZYWpGU1JyQW10aG5aZjU0SlJfQS1ac2piOHZncGx3TmFOcGFiYnV5UTRaTjNKY1ZNcg?oc=5) · The Commercial Appeal
- 2018-04-06 [Executive profile: Tom Stephenson of Independent Bank - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxPTFJwYUE4eFR1S3Z5ZUF2VnZlZnV4X2xHbXkwRWhXcFY0WjlhOU5aODRCdEs1S2ZJQ1I3TTd4ZUM1ZVprZjJkY2N0V1E2ZWczZ0FNVnBJaXZwS2JXaXFYZkJfSUpCY2RVZVlQZTJkV3l3dkJ5ZWhDOXpxUllJR0NxX1NfeS1UMUpyMTZnTk9HMldpM090R2lGNDRuSWdfMDZNeXBYRmlROA?oc=5) · The Business Journals
- 2018-03-13 [Executive profile: Sharon Ammons of ARA, A Newmark Company - The Business Journals](https://news.google.com/rss/articles/CBMipgFBVV95cUxPSDRZTEpmVEhleUNqV1p1Z3VxWUFTSkVJX0V0V3Y3TjM2V0N0TU5RY2ZmelhiQ25DTDZkbVVPek95LVl2eHdhN0MtMEZNRFVhYU1wMjFZYi1OZ25aVXFEZ0thYnRUS3N3VnQxTi1BMDJLZWtQQXhkdDNwR0NIT3U2YWRrQUJBWjJWdzA5T2hvYVB5NFRtTDRjd2lFd2dfd1JweTNaM0x3?oc=5) · The Business Journals
- 2018-03-09 [Executive profile: Jennifer Kay Gilbert of Cigna-HealthSpring - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxPZzZ4Q3BsU1FSblh2Y3RLTWlCSy13bXhUaV95al9ZRlNrVjhLbWI2bmxVcnN6RFd2V0duaHlZVk9lZDg3dFVocWpFNGcxN2tyQkNxeWNOUGxHXzU1anNhV3pDbzdYalRCZ2lvbEpZWHBGLTBudHh3azFORFM0SEg5cHZwMXc5UmYzWGRIUXNuY2FGYVJaT1VURGQyNTNVT0NEUEwydV93NA?oc=5) · The Business Journals

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60239 (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/15.json (key "60239", 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=60239
- 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