Sep, 30, 2025 — MEMORIAL CREDIT UNION is a federally insured state chartered credit union headquartered in CHATTANOOGA, TN with 1 branch location and about $6.96 million in total assets. Opened 67 years ago in 1959, MEMORIAL CREDIT UNION has about 1,288 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MEMORIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 6800 Longview Rd CHATTANOOGA, TN 37421 |
| Phone: | (423) 855-1770 |
| Fax: | (423) 855-0963 |
| Website: | https://www.memorialcreditunion.com |
| Branches: | 1 branch locations |
| Members: | 1,288 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 63802 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1959 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $6,955,272 |
| CEO/Manager: | Derrick Rumph |
| Chairperson: | Shaun G Pope |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 542,680 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 0 |
| Unsecured Loans | 559,593 |
| Other Loans | 3,236,376 |
| TOTAL LOANS | 3,795,969 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,414 |
| Land And Building | 370,866 |
| Other Fixed Assets | 8,858 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 58,186 |
| All Other Assets | 0 |
| TOTAL ASSETS | 6,955,272 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 51,555 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 686,209 |
| Regular shares | 5,182,965 |
| All Other Shares & Deposits | 56,479 |
| TOTAL SHARES & DEPOSITS | 5,925,654 |
| TOTAL LIABILITIES | 5,977,209 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 978,063 |
| TOTAL EQUITY | 978,063 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 6,955,272 |
| INCOME & EXPENSE | |
| Loan Income | 188,895 |
| Investment Income | 68,354 |
| Other Income | 31,129 |
| Total Employee Compensation & Benefits | 171,162 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 150,060 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 2,118 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | -4,552 |
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