MEMORIAL HEALTH CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.memorialhealthcu.org for more information.
Dec, 31, 2023 — MEMORIAL HEALTH CREDIT UNION is a federally insured state chartered credit union headquartered in SAVANNAH, GA with 1 branch location and about $24.38 million in total assets. Opened 52 years ago in 1972, MEMORIAL HEALTH CREDIT UNION has about 2,635 members and employs 7 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 HEALTH CREDIT UNION |
|---|---|
| Address: (Main Office) | 901 E. 65TH ST. SAVANNAH, GA 31405 |
| Phone: | (912) 354-8100 |
| Fax: | (912) 354-8983 |
| Website: | https://www.memorialhealthcu.org |
| Branches: | 1 branch locations |
| Members: | 2,635 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68556 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1972 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $24,377,187 |
| CEO/Manager: | Don L Hill |
| Chairperson: | Jacquelyn Davis |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,170,261 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 5,290,834 |
| Unsecured Loans | 1,341,748 |
| Other Loans | 7,515,232 |
| TOTAL LOANS | 14,147,814 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,850 |
| Land And Building | 900,714 |
| Other Fixed Assets | 38,434 |
| NCUSIF Deposit | 194,424 |
| All Other Assets | 0 |
| TOTAL ASSETS | 24,377,187 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 6,350 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,368 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,446,169 |
| Regular shares | 16,026,544 |
| All Other Shares & Deposits | 1,415,423 |
| TOTAL SHARES & DEPOSITS | 20,888,136 |
| TOTAL LIABILITIES | 20,903,854 |
| Regular Reserve | 0 |
| Other Reserves | -4,083 |
| Undivided Earnings | 3,477,416 |
| TOTAL EQUITY | 3,473,333 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 24,377,187 |
| INCOME & EXPENSE | |
| Loan Income | 610,818 |
| Investment Income | -34,786 |
| Other Income | 106,824 |
| Total Employee Compensation & Benefits | 404,023 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 292,586 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 9,278 |
| Cost of Funds | 22,082 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 31,446 |
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