# MEMORIAL HEALTH CREDIT UNION
SAVANNAH, GA · NCUA charter 68556 · asset band <$50M · latest filing 2022-09 · stopped filing after 2022-09 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/memorial-health-credit-union-68556

Who the members are: state charter, organized 1972. 2,635 members of 290,000 potential (0.9% of the field); checking penetration 38% (share draft accounts per 100 members); loans per 100 members 38.

**Verdict on the desk:** this could be *participation buyer*. 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 | $24.4M |
| Members | 2,635 (-19.0% YoY) |
| Full-time staff | 6 |
| Net worth | $3.5M |
| Net worth ratio | 14.3% (p64 of band) |
| ROA (annualized) | 0.17% (p43 of band) |
| Total delinquency | 0.20% (p35 of band) |
| Net charge-offs (annualized) | -0.01% (p17 of band) |
| Loans / shares | 68% (p73 of band) |
| Cash / assets | 34.9% |
| Borrowings / assets | 0.00% |
| Net interest margin | 3.03% (p71 of band) |
| Operating expense / assets | 3.81% (p75 of band) |
| Vehicles % of loans | 52% (p38 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 0% |
| Third-party paper % of net worth | 103% (p95 of band) |
| Vehicle delinquency | 0.05% (p38 of band) |
| Vehicle NCO | 0.19% (p75 of band) |
| Repossessed % of vehicle book | 0.00% (p47 of band) |
| Real estate % of loans | 37% |
| Credit cards % of loans | 1% |
| Unsecured % of loans | 9% |
| Commercial % of net worth | 0% |
| Core shares % of member funds | 93% |
| Certificates % of member funds | 7% |
| Average share balance | $5,107 |
| Participations bought / yr | $2.7M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 38% |
| Loans granted per 100 members, annualized | 16% |
| Average loan balance | $13,952 |
| Loans granted, annualized | $9.6M |

## Flags firing in the latest filing

- **margin squeeze** (`earn_nim_squeeze`)
- **members leaving** (`shrink_members`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | charge-offs p90 |  |
| 2016-06 | 0 |  | charge-offs p90 |
| 2016-09 | 1 | charge-offs p90 |  |
| 2016-12 | 0 |  | charge-offs p90 |
| 2017-03 | 1 | net worth falling |  |
| 2017-06 | 0 |  | net worth falling |
| 2017-09 | 1 | delinquency rising |  |
| 2017-12 | 1 | members leaving | delinquency rising |
| 2018-03 | 2 | losing money |  |
| 2018-06 | 3 | net worth falling |  |
| 2018-09 | 4 | delinquency 2x band, delinquency rising | net worth falling |
| 2018-12 | 3 |  | delinquency 2x band |
| 2019-03 | 4 | delinquency 2x band, assets shrinking | losing money |
| 2019-06 | 3 |  | delinquency 2x band |
| 2019-09 | 2 |  | delinquency rising |
| 2019-12 | 3 | delinquency 2x band, delinquency rising | assets shrinking |
| 2020-03 | 4 | losing money, margin squeeze | delinquency rising |
| 2020-06 | 3 | net worth falling | members leaving, delinquency 2x band |
| 2020-09 | 3 |  |  |
| 2020-12 | 4 | delinquency 2x band |  |
| 2021-03 | 1 |  | losing money, margin squeeze, delinquency 2x band |
| 2021-06 | 0 |  | net worth falling |
| 2021-09 | 2 | losing money, delinquency rising |  |
| 2021-12 | 2 | net worth falling, margin squeeze | losing money, delinquency rising |
| 2022-03 | 4 | losing money, members leaving |  |
| 2022-06 | 3 | delinquency rising | net worth falling, losing money |
| 2022-09 | 3 | 3rd-party paper>100% NW | delinquency rising |

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

- 2026-05-22 [Mrs. Phyllis Jean Harbin Obituary (2026) - Commerce, GA - Evans Funeral Home and Memory Gardens, Inc. - Jefferson - legacy.com](https://news.google.com/rss/articles/CBMigwFBVV95cUxPVDR1bHZndHVNOC0zLURmUVJpOFdBU2w0WHJvVzFST2sxRnJCdVhjRS1UMlliMjBLRjBpMGVIN1YtekJTaGtieENDQVEwajBobVEzSERCbGMyeUtsZEFYdFR6cGVNR3hMWHlfZFVEMFEwc0RicWp5UXNsZEViMFRWYnJsOA?oc=5) · legacy.com
- 2024-07-08 [CORE Credit Union's 50th annual meeting highlights growth and community commitment - Grice Connect](https://news.google.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?oc=5) · Grice Connect
- 2023-01-26 [Memorial Health Credit Union merges with CORE Credit Union - Grice Connect](https://news.google.com/rss/articles/CBMipgFBVV95cUxPRE9PUkZDVEtMMTFwTzgxVnE1cGZfOHE1MkdMZjIzZU0tT3QxaURSdDJmaER2VndKYTZwTzNuNmM4WUlJeWtGS2ptVkgzcUpwN0VPWFFuN2RmN0NEUWgzZmFMVkw1V2xRdVpQVFRpazRnOWxSYjR5UU5JUlJMRTNnWHBPcHRZMkkwRzNCdEg4ZXkzUTg5UUFrcTFPbk9DMkRGUHA4Ti1n0gGrAUFVX3lxTE1IWEJLcGV0VDNOODNDaU92LVE5Q3hGTXdGaDBZc0VtNEFtbUxUTW9JUGZPOHNsVDdVNU5mbWhlbWFsS3l6SlBfa0RRVWNfM3NvVkNGR09mdDh3SGE2WmNVMlpYT1BxQ1QtT24zVmlIR21XeUdxTUhuVkROSHBiUFZKTnlOQmVMSHJXWWlDbG5hMlZSdzBrcVpuVGQ5MWVxcWpkNENZc0l4RU03SQ?oc=5) · Grice Connect
- 2020-07-07 [Mrs. Delores Hardwick Obituary Jul 7, 2020 - Adams Funeral Services](https://news.google.com/rss/articles/CBMiekFVX3lxTE9VcHhtMUllSkZsYU40a3E3bkRIbDJBeG5RM3RyaTZKUHNwWWpzQV9kYzR1V1FIY3ZBM0xQaVRiZkROY1BCZm9xUDVtNXJ6cjJhN19OU2wyME82dzdveElvd19lUGJCR3JqdUZIZG5SMU9jTDcyTWNMcS1R?oc=5) · Adams Funeral Services
- 2024-07-30 [$421K Baptist Memorial Health Care FCRA class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMi0gFBVV95cUxNSzExblVHc1VobndIUXkxODdKYXJGQjFOVFNLX0FaUUNnT3Q0VDdLSGpFZVhSYjdmRGQ4dldnNTZ5VXJxTEtoYmJ2WG42bUxZZ29JY2wzMER0ZHZTejFWTldISVNVRFduNmsxVzM5cTlrWndKaGFMT0ZpYURBNW5wcHZTOEhzbWJkZkQ1bTdmREk3SXBNQ3Q3clozRkdEZjVnRmd4YmdwVWJsNXZ3MjdPc3ZKSGZvWEQ2Wi02SUhQRzl6cmU5RVk3VHBjbFB3X2pCeFE?oc=5) · Top Class Actions
- 2019-03-31 [Mr. Chester Dunham Obituary Mar 31, 2019 - Adams Funeral Services](https://news.google.com/rss/articles/CBMidkFVX3lxTFBKVTVRdFpGYW1pUW94TmhLQ3pNNDBSLTIwU3Jpb2dBLXY3Xzh1TVp0VTFwQW5aSEV6S2RMSkZsZXpqanVNSU1fX05BZE9XbURCbHpqdmZHenZIMFk3dER0M1dpT2lLaVNHSndQdjU3ZGZjblRKTFE?oc=5) · Adams Funeral Services
- 2023-09-29 [Memorial Health employment contract breach $10M class action settlement - Top Class Actions](https://news.google.com/rss/articles/CBMi3AFBVV95cUxQX2psSUZkOXRMOFFyRm1jWG41Z0hLZTJQRkRFTGpJbW5yWUFQU0JOandsZlVIYzFGb2RyVXc3T2s1U2J6b3ExLWJxd3drTTVnaE1DNGJDVG5HaERyVDB5eDFVTmxtNlV6UDNSYlVobFV4VXkzbjMtVk0yV3FiYmEyNGVRX3QzRkdWZnRRaUlvdWNwY0N0b3NJYnFISkhTdDFEMFdGellrcEF3azlhZGtuYzhUdHZaODBfeUFiMWUzdUE2RGZmRmNKeURtSkRVT0lNdkZZOWpxTlBMaElH?oc=5) · Top Class Actions
- 2023-03-18 [GS Alumnus and CORE Credit Union VP Ashley Norris is Savannah St. Patrick's Day Parades 199th Chairman - Grice Connect](https://news.google.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?oc=5) · Grice Connect

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68556 (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/12.json (key "68556", 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=68556
- 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