Overview / Commentary
Healthnet Federal Credit Union is headquartered in Cordova and is the 56th largest credit union in the state of Tennessee. It is also the 2,325th largest credit union in the nation. It was established in 1955 and as of September of 2019, it had grown to 13 employees and 6,642 members at 4 locations. Healthnet Federal Credit Union's money market rates are 70% higher than the national average, and it has a B+ health rating.
Field of Membership Restrictions
Must be an employee, independent contractor or self employed person who work regularly in the Healthcare Industry in Shelby, Lauderdale or Henderson County in Tennessee, Desoto, Lafayette, Union or Prentiss County in Mississippi, St. Francis, Mississippi or Fulton County, Arkansas
See current membership details
Health
B+
Data as of Q3 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Healthnet Federal Credit Union has a relatively low asset base.
Health Grade Components
| Overall | |
|---|---|
| NCUA # | 9994 |
| Year Chartered | 1955 |
| Employees | 13 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.9% |
| Return on Equity - YTD | 6.75% |
| Annual Interest Income | $1.2MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2019vs Q3 2018 | $50.1MM$50.6MM |
| Loans | Q3 2019vs Q3 2018 | $14.3MM$15.4MM |
| Deposits | Q3 2019vs Q3 2018 | $43.0MM$44.2MM |
| Equity Capital | Q3 2019vs Q3 2018 | $6.7MM$6.2MM |
| Loan Loss Allowance | Q3 2019vs Q3 2018 | $164.00K$111.00K |
| Unbacked Noncurrent Loans | Q3 2019vs Q3 2018 | $116.00K$29.00K |
| Real Estate Owned | Q3 2019vs Q3 2018 | $0$0 |