# MEMBERS EXCHANGE
Jackson, MS · NCUA charter 60598 · asset band $100-200M · latest filing 2023-09 · stopped filing after 2023-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/members-exchange-60598

Who the members are: state charter, organized 1954, low-income designated. 13,490 members of 533,000 potential (2.5% of the field); checking penetration 56% (share draft accounts per 100 members); loans per 100 members 186.

**Verdict on the desk:** this could be *quiet fade*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $133.5M |
| Members | 13,490 (-4.5% YoY) |
| Full-time staff | 40 |
| Net worth | $26.4M |
| Net worth ratio | 19.8% (p97 of band) |
| ROA (annualized) | 1.14% (p73 of band) |
| Total delinquency | 0.21% (p23 of band) |
| Net charge-offs (annualized) | 0.62% (p88 of band) |
| Loans / shares | 64% (p33 of band) |
| Cash / assets | 43.8% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.74% (p77 of band) |
| Operating expense / assets | 5.48% (p96 of band) |
| Vehicles % of loans | 51% (p70 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 8% |
| Third-party paper % of net worth | 27% (p47 of band) |
| Vehicle delinquency | 0.07% (p12 of band) |
| Vehicle NCO | 0.53% (p75 of band) |
| Repossessed % of vehicle book | 0.00% (p32 of band) |
| Real estate % of loans | 8% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 16% |
| Commercial % of net worth | 23% |
| Core shares % of member funds | 56% |
| Certificates % of member funds | 32% |
| Average share balance | $3,555 |
| Participations bought / yr | $1.2M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 186% |
| Loans granted per 100 members, annualized | 36% |
| Average loan balance | $2,660 |
| Loans granted, annualized | $28.9M |

## Flags firing in the latest filing

- **expense trap** (`earn_opex`)
- **assets shrinking** (`shrink_assets`)
- **members leaving** (`shrink_members`)

## Warning timeline

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

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

- 2025-11-24 [Members Exchange Federal Credit Union announces new President and CEO - CUInsight](https://news.google.com/rss/articles/CBMirwFBVV95cUxObXhSV0dxLVJTUGxGWVVicklsUldKc3c2TWxDNW5wdGVNM1Z0b3BpRlRuSU9QRHNHNl9yZGZkcVlqejZYQzJNTXVCb3dZdVRkTWpQUkJPck5RTWdObG1YY0tOcFFkYlplOHVBNFVGVlRkS2swRVZISS1jelF3QTVYWW1DQlJQWlNLbHdsWFpTV1hKV04yWVYyamh3dlRPcEN6WkFBakkzd0NvZkExMnRz?oc=5) · CUInsight
- 2026-06-18 [Members Exchange Federal Credit Union highlights checking, savings options plus auto loans and credit cards - WLBT](https://news.google.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?oc=5) · WLBT
- 2026-04-23 [Ask The Experts: Loans with Members Exchange Federal Credit Union - WLBT](https://news.google.com/rss/articles/CBMimAFBVV95cUxOcjQ0SmpfSXRXN0c2MThBbXhXVEFKM2RfSEpJeGNlQjhUMWVzRFU2b3ppbWoyaEVXWUJteU0xLVg3MzF1S0hDNFh4czYtY0dIVWE0NzdEcjY4UG9jZnNnN0M2SkNGU2RXdnZzcVc3N2RrQW5OdnR1NVBRV0JYN01aTE9MZmhqYV9MZjFEWHpaQnhKQ3JKOHlnNtIBrAFBVV95cUxPdXBGNlkxNlRUYkJlU2dZMkJfXzFsTnU5YzZLWkxwMkZoM1ZXZk1KcGFqMWtrMlZIdWx1N0Vnc2JQTV9qLXY5ZktqVzZ3b21VRU8zLWRkYklmLWNjbE9KNUtwaVFBeTZ1T0l4R1NkUnAwemw2dF90OGs1SnN2UmxCSEFKWGNORHU0cFNCLU1pYnl5TVY1dHI2Z2VUQlhad1oycXhzRFF4cUxUSGtk?oc=5) · WLBT
- 2014-05-20 [2 sentenced for Ridgeland credit union robbery - WAPT](https://news.google.com/rss/articles/CBMiiwFBVV95cUxQa3NyVFJySkY2OVBfQzNTUUN4TW1MOGdFdkFtMHcwTWdOaTFpM2ZUSGg5eVhRbXBaeGthQk5rLU1QZWk1ZzJRc0puamNDcnNHNGsySWlIcEplLXVLbWlaaWNuaFM4d0NUOXJ1OEFWaFM1S1RFZVRta2c4Zzg4aTZjX25XM0RtQkJVZkNR?oc=5) · WAPT
- 2026-05-21 [Members Exchange Federal Credit Union Has Perks for Families - WLBT](https://news.google.com/rss/articles/CBMikwFBVV95cUxPOUViXzZoUTBaN1p5b2gzUURURjNOT0UyaEdGVUVfc0lGejg5WVIxWjhONHAxeURCekk5aFNtUlFvUlJFenhuZ1Jfd3FrU2M3cnFZMGExQ2VDcS1pZWltVzB6emNWeDNWLWlFUFN1d3pkQ05LaFBJNVpyTG9KSHRXdnlHb0VlZmtRWnE3RTVQdkN6d2_SAacBQVVfeXFMUHNUNUtnWExNWW1SMTVSUlh5OXlJQ2tiNUJoT05iZlBtQ1Q3Z3VNSjhPVHVfM2tNUzR4bjJIb3pVXzluNnMtcm1SQzNBcVpOaUxhald5U1dLa3dzcUxGczFnQURPVVgtbmt6Z3NGS1dJSUk4SmJwQkVUYVpqOWFXVWN2ZjFuNlFOOXF0RzRmeXZqT2hJZjk3MEs3WHdxRmFWU3laZW9iYmM?oc=5) · WLBT
- 2017-09-06 [Leo Klaas Obituary - Jackson, MS - Dignity Memorial](https://news.google.com/rss/articles/CBMie0FVX3lxTE9KcS1iakR0bVpRc21hMnl3NnR3MVA2eTRwa1VuZTRtVko4VnEya2k1eWtEc0pWaENPdEYySEJfb01kSzBJX1NBZFpQeWtZV1NvTzB1cjhyT1hZZmhMNXZObnFlbVVlX3BUM3FmTlhtS0xwV2tUc1ZMSy1wWQ?oc=5) · Dignity Memorial
- 2013-09-27 [Credit union employee arrested - WAPT](https://news.google.com/rss/articles/CBMidkFVX3lxTE1mTWFnZ3ZZUjMtV0R3Z3pRVnpYV1ducUsxWU9HUlRjYjhla2l2SF8tT2VkZ28xMm9SNVpWNVJQZVZjOU9qTmVicW90OEZaVWRPbzVtbUxwOTFCSjNzQk9uNmhyXzBnakc5b1BNQm9ucUtwUTV0MEE?oc=5) · WAPT
- 2014-05-20 [2 suspects sentenced after robbery of Members Exchange Credit Union - WLBT](https://news.google.com/rss/articles/CBMingFBVV95cUxPNi1GdVFOaVZPQmpWNWNrR24tbF81TXZyMG9TNjE4Ymk3ak42bUtYYUZlYVF4aWFmcjhUUy1xaGQxWnVGYUZFSUhhVmQtQmVaTTZaelp0b1VoZ3hTX2VjSV9RUk9CclVQVjdNZjc5ZjY2akxIS05ZNnVCRXJZYTdpeDdzTi1hSnFxT0FfSkIxdWhXQkZFS2xiRFhiLUVud9IBsAFBVV95cUxObnNORExnN29wbUZWbElwY2VmNGRCa3JFaUNHNnFERnVqUTZpSEpkZlA1bnVtVlI4dnZpc1ZaMU9JNEJXVFNubnczX3FUNWNzcURpbDRrcFJyNE9Sbk1mYzFaWWlWRGhGMjJmWjlHSGdKc0tWMV8zSlVKcUpjR2xvRGlBNlFTcHZxT1NpS2R5WWZFdnAyZ19xZHh1eWVGQXpNekF5NTAzRUR1ejF1N0JNbg?oc=5) · WLBT

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=60598 (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/54.json (key "60598", 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=60598
- 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